930 E Michigan Ave
930 E Michigan Ave, Lansing, MI 48912
- $422.3K
- 2,973 SF building
- 0 ac
- 8.00% cap rate
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. Prime Corridor Location: Located on East Michigan Avenue, directly across from University of Michigan Health - Sparrow and walking distance to the Michigan State Capitol.Lease Structure: Corporate lease backed by Safelite Auto Glass and currently subleased to Henderson Glass.Long-Term Extension & Growth: Extended lease term in place through August 2028 with scheduled annual rent escalations and a 5-year renewal option.Favorable Lease Terms: Tenant is responsible for day-to-day maintenance, interior repairs, HVAC, utilities, snow removal, landscape care, property insurance, and real estate taxes.Zoning & Utility: Approved for commercial/replacement glass operations and additional versatile uses permitted under Lansing Zoning Ordinances.
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