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16937 S US HIGHWAY 27 $1,600,000


16937 S US HIGHWAY 27 Lansing, MI 48906

  • 1,656 sq. ft.
  • 5.42 Acres
  • Commercial
  • MLS# 2200012856
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Views: 251 Days On Market: 211

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Property Details

Are you looking to make a significant investment in the market of rental property? Take advantage of this opportunity to be the proprietor of almost 8 acres of land, with 80 - 90 mobile homes. Over 50 homes are already rented at $500-600 a month. The property includes a large home as well as three apartments. Located in an ideal area, within walking distance to downtown. If you are looking to expand your business and capitalize on your investment, this deal is for you!

  • General Features
    • County Or Parish Ingham
    • Settlement City
    • Commercial Type Apartments, Business And Real Estate, Commercial
    • Business Type Service
    • Current Use Trailer Park
    • Lot Size Area 5.42
    • Zoning Commercial
    • Ownership Status Private Owned, Short Sale - No
    • Originating MLS Realcomp II Ltd
    • Year Built 1905
    • Sqft Total 1,656
    • Operating Expense $1
    • Net Operating Expense $1
    • Gross Scheduled Income $1
    • Tax Amount - Summer 5996.6700
    • Tax Amount - Winter 3973.0300
  • Building Features
    • Foundation Details Basement
    • Construction Materials Brick
    • Office Heating Forced Air
    • Plant Heating Forced Air
  • Property Features
    • Road Frontage Type Paved
    • Frontage Feet 91
    • Lot Size Dimensions 91X180
    • Water Source Municipal Water
    • Sewer Sewer-Sanitary
  • Schools
    • School District Lansing
Listing information is provided through IDX through RealComp II Ltd. All information is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2020 Realcomp II Ltd. Shareholders.

Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.


48906 (Lansing) Demographics

35 Median Age
787 Population Density (per sq. mile)
32% College Educated
$40,468 Estimated Median Income
6,813 Estimated Total Home Owners
3,591 Estimated Total Renters
65% / 35% Estimated Owner / Renter Divide
2 Estimated Average Household Size
26,115 Total Population
Community data courtesy of LiveBy, Inc.

Market Last 30 Days In This Postal Code

$109,305 Median Sales Price
36 Homes Sold
30 New On Market

Average Days on Market

    Properties for Sale

      Property History

      Date Event Price Percent Change
      -- Current Price Source New Value: $1,600,000
      2/20/2020 7:31:00 PM New in Database Source New Value: $1,600,000

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