Lansing Apartments

Highlights

• 36,009 SF mid-rise building
• 45 units for multifamily use
• Built in 1925, renovated in 2024
• Zoned CM for versatile development options
• Prime Detroit location
• 50% occupancy with potential for growth

Description

Introducing a value-add investment opportunity in the heart of Detroit, MI: This multifamily mid-rise property at 2199 Lansing St. offers 36,009 SF of space, with 45 units, making it a promising asset for prospective investors. Built in 1925 and currently under some renovations, the property boasts a timeless appeal coupled with modern conveniences. Zoned CM, it presents versatile possibilities for development. With a 50% occupancy rate, there is significant potential for growth and increased returns. Don't miss the chance to capitalize on this sought-after asset in a thriving market, offering an ideal blend of history, charm, and future prosperity.

Discover the vibrant neighborhood surrounding the Lansing Apartments. Situated near the heart of the city, the location offers access to a diverse array of amenities. Just minutes away from downtown, this area is a hub for commercial and cultural activity. Investors will appreciate the proximity to renowned attractions such as the Detroit Institute of Arts, the historic Eastern Market, and the bustling Greektown district. With easy access to major highways and public transportation, this location offers convenience for both tenants and visitors. Experience the dynamic energy of Detroit while exploring the investment potential of this prime multifamily opportunity