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920 N Fairview Ave
Lansing, MI 48912
Office Property For Sale
Investment Highlights
- 18,100 SF of space
- Built in 1966
- Located in Lansing area
- 1 unit building
- Zoned E
Executive Summary
Introducing a prime investment opportunity in Lansing, MI. This impressive property boasts an 18,272 SF building, ideal for office or office building investors seeking a versatile space. Built in 1966, the property offers a well-established foundation with potential for modern upgrades and customization. Zoned E, this location provides flexibility for various office uses, making it a strategic choice for discerning investors. With its prime location in the heart of Lansing, this property presents an exceptional opportunity for those seeking to make a mark in this thriving business district.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
18,100 SF
Building Class
C
Year Built/Renovated
1966/2021
Price
$4,068,907 CAD
Price Per SF
$224.80 CAD
Cap Rate
14.07%
NOI
$572,495 CAD
Percent Leased
1%
Building Height
2 Stories
Typical Floor Size
9,050 SF
Building FAR
0.55
Lot Size
0.75 AC
Zoning
O - Office
Parking
25 Spaces (1.38 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,534,400 CAD | |
| Land Assessment | $105,627 CAD | Total Assessment | $1,640,027 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$105,627 CAD
Improvements Assessment
$1,534,400 CAD
Total Assessment
$1,640,027 CAD
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