3911 W Michigan Ave, Lansing, MI 48917

Commercial property for lease

• Description
• Sitting at the signalized corner of Michigan and Waverly Roads in Lansing, this investment property boasts great exposure and a large corner lot. Average daily traffic counts are more than 29,000 on Waverly Road and 10,000 on Michigan Ave. The property represents an 9% cap rate at asking price.The property is two story and has a central staircase leading to the four units. Tenants appear to be under market rent and the owner reports that the property has enjoyed long term, stable tenancy with most tenants having been here numerous years. The units are separately metered for gas and electric. HVAC systems are updated units and the building has had a recent update to the sewer pump systems. Parking lot is recently sealed and striped.Offering Memorandum available upon request and via link in listing Building price details: $314,000.
• Exterior Features

• Parking Type:

  Surface

• Contact info
• Matthew Wisniewski, CCIM

  RE/MAX COMMERCIAL GROUP
• Note

• Details Info about this row that located on 3911 W Michigan Ave, Lansing, MI 48917 was got from trusty sources, but HousesForSaleList.com can't guarantee that details about listing price, status, facts, images and owner are correct, because this listing can be changed or removed from market without notice. If You need to receive additional details about this property try to ask directly listing agent or owned.

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