Style: Commercial Sale
Sq Ft: 5589
Year Built: 1966
$2,019,000
906 & 911 Shiawassee Street, Lansing, MI 48912, US
Remarks
This project features two buildings across the street from each other, situated between the UM/Sparrow Campus and Neogen. At 906 E Shiawassee, there are 22 units, including 16 spacious one-bedroom, one-bath apartments and six two-bedroom, one-bath apartments. Meanwhile, 911 E Shiawassee holds eight units, comprising seven one-bedroom, one-bath apartments and one two-bedroom, one-bath apartment. Currently, both buildings on E Shiawassee maintain a 100% physical occupancy and have consistently performed above market expectations for several years. Beyond occupancy, the property stands out for achieving improved rents on both renewals and new leases, despite current rents being significantly below market. E Shiawassee is a well-positioned asset near downtown Lansing, ready for new ownership with a value-add approach. Landlord pays water, sewer and heat. Tenant pays electric.Details
MLS#: 284509Price: $2,019,000
Style: Commercial Sale
Sq Ft: 5589
Year Built: 1966
County: Ingham
Lot Size: See Legal
Tax Fee: 16518
School District: Lansing
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Information is believed to be accurate but should not be relied upon without verification.
Data Provided by Greater Lansing Association of Realtors
Last updated: 2025-02-21T09:57:36.000-05:00.
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