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119 E Kalamazoo St 4 Unit Apartment Building $728,670 CAD ($182,168 CAD/Unit) Lansing, MI 48933

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INVESTMENT HIGHLIGHTS

Investment Opportunity Downtown Lansing
Near State Capitol, Lansing River Trail

Commercial Office Space & Apartments Multi-family

EXECUTIVE SUMMARY

Discover a prime investment and owner-user opportunity at 119 E Kalamazoo Street, strategically located in the heart of downtown Lansing's exciting revitalization. This well-maintained, mixed-use building features commercial office space on the first and lower levels, perfectly complemented by four desirable apartment units across the second and third floors. Each residential unit offers modern comfort and efficiency with separately metered electric, central forced air heat and air conditioning, and captivating city skyline views that showcase the urban landscape. The property is an investor's dream, designed for low-maintenance ownership with no lawn or snow removal responsibilities. Uniquely flexible, the seller currently occupies the office space and is willing to sign a leaseback agreement at closing for immediate income, or can vacate for a new owner-user looking to establish their business in a premier location. Positioned just steps from significant new developments, this property benefits from the energy of a growing downtown, offering residents a walkable lifestyle with easy access to the State Capitol, the Lansing River Trail, and a burgeoning scene of restaurants, entertainment, and cultural venues that define modern city living.

PROPERTY FACTS

Price	$728,670 CAD	Building Class	C
Price Per Unit	$182,168 CAD	Lot Size	0.03 AC
Sale Type	Investment or Owner User	Building Size	5,280 SF
No. Units	4	No. Stories	3
Property Type	Multifamily	Year Built	1923
Property Subtype	Apartment Office Office Residential	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	G-1 BUS

Price	$728,670 CAD
Price Per Unit	$182,168 CAD
Sale Type	Investment or Owner User
No. Units	4
Property Type	Multifamily
Property Subtype	Apartment Office Office Residential
Building Class	C
Lot Size	0.03 AC
Building Size	5,280 SF
No. Stories	3
Year Built	1923
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	G-1 BUS