Discover an exceptional commercial opportunity at 1004 E Michigan Ave, Lansing, MI 48912. This prime 1.25-acre site features a spacious 11,392 sq ft former Rite Aid building, complete with a two-lane drive-up pharmacy window. Positioned at the prominent hard corner of Michigan and Pennsylvania Avenues, this location offers unparalleled visibility and accessibility. Situated immediately adjacent to the University of Michigan Sparrow Health Campus and just a block from the State Capitol building and downtown Lansing, this property is ideal for a variety of commercial ventures. With easy access from I-496 via Pennsylvania Avenue, this site is perfectly positioned to attract significant foot traffic and drive-by exposure. Don't miss the chance to capitalize on this strategic location in the heart of Lansing.
This site is now available as a land lease. Zoned MX-3.
Adjacent to U of M Sparrow Hospital at the hard corner of Michigan and Pennsylvania Avenues in downtown Lansing, MI.
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.
