Downtown Lansing Mixed-Use — Sale in Lansing, MI

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: Lansing, MI 48933

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Investment Figures

Cap rate
8.65%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present Downtown Lansing Mixed-Use, a multifamily and retail opportunity located at 329–337 South Washington Square in the heart of downtown Lansing, Michigan. The 13,757-square-foot property blends historic architectural character with modern interior finishes, creating a differentiated urban asset well-positioned within Lansing’s established downtown corridor. The property also includes 11 on-site parking spaces, a valuable amenity within the downtown environment. Situated along Washington Square, one of downtown Lansing’s premier commercial and entertainment corridors, the property benefits from exceptional visibility, walkability, and immediate proximity to a dense concentration of government offices, major employers, restaurants, nightlife, and cultural amenities. The location offers residents and commercial tenants a true live-work-play environment within Michigan’s state capital, a market supported by stable government employment, expanding residential density, and ongoing public and private investment throughout downtown Lansing, including nearby developments such as the Tower on Grand apartment project, which is contributing to increased residential density and long-term growth in the urban core. The property includes nine loft-style apartment units and ground-floor retail space, providing investors with multiple income streams from both residential and commercial tenants within a manageable mixed-use asset. The residential component features open-concept layouts, exposed brick, high ceilings, oversized windows, and authentic loft finishes that continue to resonate with renters seeking an alternative to more conventional apartment product. Each apartment unit is equipped with an in-unit washer and dryer, enhancing tenant convenience and supporting competitive positioning within the downtown rental market. The property’s historic architecture creates a distinctive position within the downtown multifamily market while supporti

Market Context

This mixed use in Lansing, MI is listed for sale. It is offered at an approximate 8.7% capitalization rate, a key benchmark for income-producing mixed use assets. Compare it against other mixed use listings for sale in Lansing, MI — view the full market.

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