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Executive Summary

CBRE Michigan Multifamily is pleased to present for sale City View Apartments. Constructed in 1969 and remodeled in 2023, City View Apartments is a luxury, mixed-use property consisting of 55 apartment units that boast premier unit interior finishes and amenities, plus 14,889 square feet of commercial space. City View Apartments is being offered free and clear of existing financing.

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
36,690 SF
Building Class
B
Year Built
1969
Percent Leased
100%
Tenancy
Multiple
Building Height
7 Stories
Typical Floor Size
8,276 SF
Building FAR
0.34
Lot Size
2.46 AC
Opportunity Zone
Yes
Zoning
Ward 4 - Office
Parking
74 Spaces (1.53 Spaces per 1,000 SF Leased)

Amenities

  • Banking
  • Bus Line
  • Signage

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Real Estate
  • -
  • -
  • -

Across their organization, every member of the KMG Prestige team shares a unified commitment to service and delivering exceptional solutions that add value and enhance the lifestyles of every property and resident they serve. Their goal is to make a difference for their business partners and residents and they have become an industry leader by adhering to the values their company was founded upon over 35 years ago. Their success is predicated on dynamic and continuous improvement in their processes. With comprehensive operating expertise built over three decades of managing properties of all types and sizes throughout North America, KMG Prestige is a recognized leader in the multi-family property management sector. KMG offers a wide range of initiatives designed to enhance property performance and asset value. Their commitment and state-of-the-art operating systems are unmatched in the industry.

  • Real Estate
  • -
  • -
  • -

Across their organization, every member of the KMG Prestige team shares a unified commitment to service and delivering exceptional solutions that add value and enhance the lifestyles of every property and resident they serve. Their goal is to make a difference for their business partners and residents and they have become an industry leader by adhering to the values their company was founded upon over 35 years ago. Their success is predicated on dynamic and continuous improvement in their processes. With comprehensive operating expertise built over three decades of managing properties of all types and sizes throughout North America, KMG Prestige is a recognized leader in the multi-family property management sector. KMG offers a wide range of initiatives designed to enhance property performance and asset value. Their commitment and state-of-the-art operating systems are unmatched in the industry.

Tenant Industry SF Occupied Rent/SF Lease End
Real Estate - - -
Real Estate - - -
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
70/100

Property Taxes

Property Taxes

Parcel Number
01-01-16-381-006
Land Assessment
$320,155 CAD
Improvements Assessment
$9,926,314 CAD
Total Assessment
$10,246,469 CAD
  • Listing ID: 37190453

  • Date on Market: 2025-05-27

  • Last Updated:

  • Address: 501 S Capitol Ave, Lansing, MI 48933

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