1.5 Acres at State and US 27

15990 S Us Highway 27 Lansing, MI 48906

15990 S Us Highway 27, Lansing, MI, 48906
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FOR SALE
Property Type:
Big Box Retail
Amount:
$385,000
Last Verified:
Jan 23, 2024


Description

Presenting 15990 S US 27 in Lansing, MI, Dewitt Township – a prime commercial property offering a versatile opportunity. Situated on a sprawling 1.5-acre parcel at the signalized corner of US 27 and State Road, this location boasts high traffic visibility.

Access is made convenient through two driveways on State Road, leading to a spacious, paved parking lot. The property includes two buildings totaling 8,562 sq ft. The primary building, spanning 6,846 sq ft across three floors, houses a fitness training facility. Recent updates in 2021, such as a new roof, gutters, furnaces, windows, ADA accessible restroom, and electrical and plumbing upgrades, enhance the building's functionality.

A convenient overhead door facilitates drive-in access to the rear portion of the building. The property is serviced by Township sewer and well water, with the option for City water connection. The second building, a 1,716 sq ft former school structure at the rear, awaits a complete renovation, offering additional possibilities.

Benefiting from a strategic location on State Road, this property provides quick access to East Lansing and Eastwood Town Center. Its proximity just South of Dewitt adds to its strategic positioning. Don't miss this opportunity to own a commercial space with potential for various uses in a dynamic and growing area.

Please schedule all showings with listing broker. Business is operating in the space.

West of Brook Road.
East of Florence St.
North of Hannah Rd.
South Pearl St.
All in Dewitt Township, in Clinton County, in the state of Michigan.


Year Built: 1995
Building Size: 8562sq ft
Lot Size: 1.51 acres

Map of 15990 S Us Highway 27, Lansing, MI, 48906

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.