COMMERCIAL DEVELOPMENT OPPORTUNITY - LANSING, MI

Vacant Land for Sale
Catylist Listing ID: 30753910
Property Subtypes: Office, Retail
Gross Land Area: 0.52 Acres
Sale Price: $70,000
Unit Price: $134,615 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/1/2021

Overview / Comments

COMMERCIAL DEVELOPMENT OPPORTUNITY: Approx. 0.52-acre corner parcel with frontage on S. Cedar St./I-96 BL and Brookland Blvd. in Lansing. Property offers approx. 168’ of frontage on S. Cedar St./I-96 BL, approx. 137’ of frontage on Brookland Blvd., traffic counts of 26,639 ADT and utilities at site. Conveniently located midway between I-496 and I-96, just three miles south of downtown Lansing, area tenants include Rite Aid, Dollar General, Family Dollar, Mega-Bev, Dollar Tree, AutoZone and McDonald’s. Zoned MX-C - Mixed-Use Urban Corridor in the City of Lansing.

Additional Details

Nearest MSA: Lansing-East Lansing
County: Ingham
Taxing Authority: Lansing, City of
Tax ID/APN: 33-01-01-28-476-031
Zoning: MX-C, MIXED-USE URBAN CORRIDOR
Property Located Between: Paris Avenue & Holmes Road
Property Visibility: Excellent
Legal Description: LOTS 35, 36, 37 & S 25.91 FT LOT 34 CEDARBROOK SUB
Largest Nearby Street: Holmes Road
Feet of Frontage: 168
Highway Access: Located on I-96 BL
Lot Frontage: 168
Lot Depth: 137
Zoning Description: MX-C, Mixed-Use Urban Corridor
Topography: Level
Available Utilities: Electric, Water, Gas, Sewer, Cable, Broadband, Internet Access
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,114 109,954 218,862
Median Age: 35.08 32.03 33.13
Households: 7,381 43,967 87,424

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