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1031 N Washington Ave 5,401 SF Office Building Lansing, MI 48906 $402,716 CAD ($74.56 CAD/SF)



Investment Highlights
- 2,727 SF mixed-use property in the heart of Old Town Lansing
- Ground-floor office (~1,364 SF) with high ceilings and natural light
- Separate entrances, utilities, and rear access for operational flexibility
- Zoned DT-1 (Downtown 1) allowing commercial, office, residential, and live/work uses
- Upper-level 6-bedroom residential unit (~1,363 SF)
- On-site parking and prominent N. Washington Avenue frontage
Executive Summary
Coming Soon (2/26/26). Mixed-use opportunity located in the heart of Old Town Lansing. This 2,727 SF property is configured with a ground-floor office suite and an upper-level residential unit, each with separate entrances. Zoned DT-1 (Downtown 1), the building permits a range of commercial, office, and residential uses, offering flexibility for both investors and owner-occupants.
The main level is currently occupied by an engineering firm whose ownership is relocating, creating near-term availability for an owner-user or leasing opportunity at market rates. The office space features high ceilings, strong natural light, a half bath, kitchenette, and a flexible layout suitable for professional services or creative office use.
The upper level consists of a six-bedroom residential unit with shared kitchen and full bath. Bedrooms have previously leased individually at approximately $375 per room. One bedroom is currently leased through August. Separate utilities, rear access, and on-site parking enhance leasing flexibility.
Potential configurations include a single large office, two office suites, continued room-by-room residential rental, conversion to two residential units (with added shower/range on lower level), live/work use, or single-family conversion. Prominent frontage along N. Washington Avenue provides visibility within one of Lansing’s most active and walkable districts.
Suitable for investors, owner-users, or adaptive reuse buyers seeking long-term flexibility in a mixed-use corridor.
The main level is currently occupied by an engineering firm whose ownership is relocating, creating near-term availability for an owner-user or leasing opportunity at market rates. The office space features high ceilings, strong natural light, a half bath, kitchenette, and a flexible layout suitable for professional services or creative office use.
The upper level consists of a six-bedroom residential unit with shared kitchen and full bath. Bedrooms have previously leased individually at approximately $375 per room. One bedroom is currently leased through August. Separate utilities, rear access, and on-site parking enhance leasing flexibility.
Potential configurations include a single large office, two office suites, continued room-by-room residential rental, conversion to two residential units (with added shower/range on lower level), live/work use, or single-family conversion. Prominent frontage along N. Washington Avenue provides visibility within one of Lansing’s most active and walkable districts.
Suitable for investors, owner-users, or adaptive reuse buyers seeking long-term flexibility in a mixed-use corridor.
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Miscellaneous
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
5,401 SF
Building Class
C
Year Built
1860
Price
$402,716 CAD
Price Per SF
$74.56 CAD
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,727 SF
Building FAR
1.03
Lot Size
0.12 AC
Zoning
DT-1 - The property is zoned DT-1 (Downtown 1), the City of Lansing’s downtown mixed-use district. T
Parking
6 Spaces (1.83 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
1 1
Walk Score®
Very Walkable (89)
Bike Score®
Very Bikeable (88)
Property Taxes
| Parcel Number | 01-01-09-334-141 | Improvements Assessment | $65,117 CAD |
| Land Assessment | $18,429 CAD | Total Assessment | $83,547 CAD |
Property Taxes
Parcel Number
01-01-09-334-141
Land Assessment
$18,429 CAD
Improvements Assessment
$65,117 CAD
Total Assessment
$83,547 CAD
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1031 N Washington Ave
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