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2116 Michigan Avenue E $799,000

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2116 Michigan Avenue E Lansing, MI 48912

  • 0.37 Acres
  • Commercial
  • MLS# 242592
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Views: 1137 Days On Market: 306

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Property Details

2116 E. Michigan, Lansing Michigan: This large retail building has been the home to Hot Water Works ''Hot Tub'' shop for many years, and is now available For Sale. There are actually two parcels being sold, as a rear additional parking lot (to the south) is included. The building has 9540 sq. ft of retail space, which does not include a glass enclosed front showroom which is 1548 sq. ft. for a total of 11,088 usable sq. ft., that has three large overhead doors which can accommodate vehicular/truck direct access. The property is zoned F-Commercial which will allow many uses in this highly developing corridor. There is a New Restaurant directly across the street, newly built apartments with retail space just down the street, and adjacent property to the west may also be available. Developers take note as this is a rare opportunity to secure a great new development opportunity, or work with an existing classic large storefront. High ceilings, attic storage space, work rooms, on-street parking, excellent location, are all features that would allow many uses such as retail, office, restaurant, art gallery, etc, etc. , as the building has ample large windows. The glass enclosed front showroom would make a perfect outdoor eating area. The possibilities are endless for this classic mainstay location.

  • General Features
    • Subdivision Leslie Park
    • Year Built 1947
    • Current Use Retail
    • County Ingham
    • Zoning Commercial
  • Building Features
    • Appliances Central Air, No Appliances
    • Basement Slab
    • Exterior Block
    • Heating Forced Air - Gas
  • Property Features
    • Water Public
    • Sewer Public Sewer
    • Land Acreage 1/4+ thru 1/2 Acre
    • Driveway Concrete
  • Schools
    • School District Lansing

Contact

John Sharp

John Sharp

Associate

RE/MAX Real Estate Professionals

Direct: 517-204-2838

Neighborhood

48912 (Lansing) Demographics

30 Median Age
3,676 Population Density (per sq. mile)
47% College Educated
$39,141 Estimated Median Income
3,536 Estimated Total Home Owners
4,172 Estimated Total Renters
46% / 54% Estimated Owner / Renter Divide
3 Estimated Average Household Size
17,646 Total Population
Community data courtesy of LiveBy, Inc.

Market Last 30 Days In This Postal Code

$114,500 Median Sales Price
27 Homes Sold
28 New On Market

Average Days on Market

    Properties for Sale

      Property History

      Date Event Price Percent Change
      -- Current Price Source New Value: $799,000
      11/18/2019 4:51:00 PM New in Database Source New Value: $799,000

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      **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
      Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. All information is deemed reliable but is not guaranteed.

      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.