Southland Center

900 Southland Lansing, MI 48910

900 Southland, Lansing, MI, 48910
900 Southland, Lansing, MI, 48910 900 Southland, Lansing, MI, 48910 900 Southland, Lansing, MI, 48910 900 Southland, Lansing, MI, 48910 900 Southland, Lansing, MI, 48910 900 Southland, Lansing, MI, 48910 900 Southland, Lansing, MI, 48910 900 Southland, Lansing, MI, 48910
FOR SALE FOR LEASE
Property Type:
Multi Tenant Office
Amount:
$350,000
Last Verified:
Nov 09, 2023


Description

Introducing a prime commercial investment opportunity at 900 Southland Ave in Lansing, Michigan! This exceptional multiple tenant office investment building is strategically located near the new City of Lansing municipal building site, offering unparalleled potential for savvy investors.

Key Highlights:

Strategic Location: Situated just moments away from the forthcoming City of Lansing municipal building, this property enjoys a prime location with excellent visibility and accessibility. The building is conveniently reachable via I-496, and its proximity to Washington Ave ensures maximum exposure to potential tenants and clients.

Diverse Tenant Mix: The property currently hosts a diverse range of long-term tenants, providing a stable income stream for the new owner. The existing tenants include a laundromat, a popular boxing gym, and two thriving churches. This varied tenant mix reflects the building's versatility and appeal to a broad array of businesses.

Value-Adding Vacant Units: In addition to the established tenants, there are two vacant units within the building, presenting an exciting opportunity for a new owner to maximize rental income and enhance the property's overall value. These vacancies allow for immediate customization and the potential to attract additional tenants, further diversifying the revenue streams.

This investment property is not only a source of steady income but also holds significant growth potential. The combination of long-term tenants and the opportunity to lease the vacant units makes 900 Southland Ave a promising and flexible investment choice.

Invest in the future of Lansing, Michigan's business landscape with 900 Southland Ave. Don't miss out on this rare opportunity to acquire a multiple tenant office investment building with a location that is set to benefit from the ongoing development in the area. Contact us today to schedule a viewing or learn more about this outstanding investment opportunity.

Gross Lease, Modified Gross

Property Located Between: MLK and S Washington


Year Built: 1968
Building Size: 16000sq ft
Building Class: C
Lot Size: 0 acres

Units for Lease

Suite 910B
Space Available: 150 SF
Lease Type: NNN

Price Per Sqft/Month: $400.00
Suite 910 C
Space Available: 900 SF
Lease Type: NNN

Price Per Sqft/Month: $800.00

Map of 900 Southland, Lansing, MI, 48910

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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.