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Lake Lansing Center 2250 Lake Lansing Rd 7,505 SF 100% Leased Retail Building Lansing, MI 48912 $3,196,657 CAD ($425.94 CAD/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully leased center with national and strong regional tenants
- Near US-127 expressway for easy access from surrounding cities
- Convenient parking, monument and building signage, and long term tenant occupancy, all on renewal terms
- Strong traffic and located across from Eastwood Towne Center - Lansing area's upscale outdoor lifestyle center
- Located near Michigan State University with international visitors and strong student population
- Quality building materials used in base building - built to last
EXECUTIVE SUMMARY
Fully Leased Retail Center – 2250 Lake Lansing Road, Lansing, MI
Don’t miss this great opportunity to own a 100% leased strip center in one of Lansing’s most active retail corridors - across from the Eastwood Towne Center Mall! Located on Lake Lansing Road, this well-positioned center features a strong lineup of national and regional franchise tenants including Adventure Credit Union, Biggby Coffee, Milan Laser Hair Removal, Supercuts, and J2 Tanning, offering stable income and long-term security. The property sits in a high-traffic area surrounded by major retailers and restaurants, just minutes from Michigan State University and downtown Lansing. With excellent visibility, strong tenant performance, and solid market fundamentals, this property is an ideal addition to any investor’s portfolio.
Don’t miss this great opportunity to own a 100% leased strip center in one of Lansing’s most active retail corridors - across from the Eastwood Towne Center Mall! Located on Lake Lansing Road, this well-positioned center features a strong lineup of national and regional franchise tenants including Adventure Credit Union, Biggby Coffee, Milan Laser Hair Removal, Supercuts, and J2 Tanning, offering stable income and long-term security. The property sits in a high-traffic area surrounded by major retailers and restaurants, just minutes from Michigan State University and downtown Lansing. With excellent visibility, strong tenant performance, and solid market fundamentals, this property is an ideal addition to any investor’s portfolio.
DATA ROOM Click Here to Access
- Operating and Financials
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
7,505 SF
Building Class
B
Year Built
2005
Price
$3,196,657 CAD
Price Per SF
$425.94 CAD
Cap Rate
7.50%
NOI
$239,751 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
0.91 AC
Zoning
PD - Planned Development - Retail, restaurant, services, financial banking, personal care
Parking
38 Spaces (5.06 Spaces per 1,000 SF Leased)
Frontage
170’ on Lake Lansing
AMENITIES
- 24 Hour Access
- Banking
- Security System
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Monument Signage
- Air Conditioning
- Balcony
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 21-01-02-302-006 | Improvements Assessment | $416,967 CAD |
| Land Assessment | $316,426 CAD | Total Assessment | $733,393 CAD |
PROPERTY TAXES
Parcel Number
21-01-02-302-006
Land Assessment
$316,426 CAD
Improvements Assessment
$416,967 CAD
Total Assessment
$733,393 CAD
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Lake Lansing Center | 2250 Lake Lansing Rd
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