Active For Sale InvestmentRetail

930 E Michigan Ave

930 E Michigan Ave, Lansing, MI, 48912

ID d5e08621

Overview

Presenting a turnkey, income-generating commercial investment property offered at an attractive 8% capitalization rate. Situated at 930 E Michigan Avenue in Lansing, Michigan, this strategic location benefits from high-density traffic and exceptional proximity to key city drivers, sitting directly across the street from University of Michigan Health - Sparrow and within walking distance of the State Capitol building. The property includes a corporate lease structure signed with Safelite Auto Glass and subleased to long-term occupant Henderson Glass, providing stable, multi-layered tenant security. Capitalize on predictable cash flow in a rapidly developing commercial corridor with low landlord maintenance responsibilities.

Additional Information

City
Lansing
State
MI
Zip Code
48912
Primary Uses
Investment, Retail
Zoning
MX-2
Zoning Description
Mixed Use Community Center
Building Name
Henderson Glass Near U of M Health Sparrow
Building Class
C
Floors
1
Year Built
1,972
Parking Spaces
10
Tenant
Henderson Glass
Former Tenant
Safelite Glass
Gross Income
$33,784
NOI
$33,784
Total Expenses
$0
Average Occupancy Rate
100%