631 Park Place, Lansing, MI 48912

Industrial for Sale
Catylist Listing ID: 30709642
Property Subtypes: Cold Storage, Flex Space, Light Industrial, Self Storage, Warehouse/Distribution
Building Size (RSF): 49,982 SF
Gross Building Area: See Agent
Gross Land Area: 0.79 SF
Sale Price: $950,000
Unit Price: $19.01 PSF
Ceiling: 10 ft.
Docks/Doors: 3 Docks, 2 Doors
Office SF: 3,400 SF
Drive In Bays: 2 Bays
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 7/28/2021

Overview / Comments

Well-built and maintained 49,982 SF three-story industrial building in downtown Lansing located in an Opportunity Zone. The property is within walking distance to the new Meijer Capital City Market, Courtyard by Marriott Hotel and Block 600 Apartments with a walk score of 87. Currently utilized as a warehouse with showroom and outside storage. The I-496/Cedar St. interchange is located one-mile south of the property.

Additional Details

Nearest MSA: Lansing-East Lansing
County: Ingham
Tax ID/APN: 33-01-01-16-429-192
Zoning: H- LIGHT INDUSTRIAL
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 3
Year Built: 1928
Overhead Cranes: Undisclosed

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,070 114,065 204,980
Median Age: 30.04 32.18 32.65
Households: 6,548 46,644 81,794
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