$692,000

1023 S Washington Avenue, Lansing, MI 48910

  • 14,388 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1925
  • Property Lot Size Icon0.42acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $48/sqft
  • Property List Date Icon Listed 7 months ago

Property Description

REO TOWN MARKETPLACE FOR SALE: This unique and historic building is being marketed For Sale as the current owner has reached retirement. Originally built in 1925 as the home of Hudson and Essex Auto dealership, the 14,388 square foot one story building is actually two store fronts (1023 and 1027) South Washington and is located at the entrance to REO Town on the East side of S. Washington between Hazel and Elm Streets, and next door to Builders Hardware. There are currently 7 REO Town Marketplace tenants, most on month-to-month leases. The tenants pay $11/sq. ft. including prorated utility charges. The two store fronts are separated by an interior drive complete with auto access garage door off South Washington. This allows vehicle access to the large open space in the rear of the building which features 25 ft. ceilings and an exposed steal truss system giving. Parking for 13 vehicles can be found on the north side of the building, and on street parking is allowed on South Washington. All showings are by appointment, and scheduled in advance. An Environmental study by STS consultants indicates "no recognized environmental conditions related to past and present activities on the subject property", with copy available to interested parties.

Listing Status:
Active
Date Added:
March 17, 2025 at 05:00AM
Listing Office:
Musselman Realty Company : 517-332-3582
Listing Agent:
Shawn Elliott : 517-896-7058
MLS ID:
286754
  • Appliances: None
  • Laundry: None
  • Basement: Partial
  • Flooring: ConcreteTerrazzo
  • A/C: Ceiling Fan(s)
  • Heating: Forced AirNatural GasRadiant Ceiling
  • Parking: Asphalt
  • General: Wood SidingBlockOneBlock14388.0
  • Road/Access: Paved
  • Originating MLS: Greater Lansing Association of REALTORS®
  • School District: Lansing
  • County: Ingham
  • Zoning: S 1/2 LOT 7 EXC E 33 FTALSO N 107.25 FT LOTS 8 & 9; BLOCK 199 ORIG PLAT33-01-01-21-252-022
  • Utilities: Water ConnectedSewer ConnectedNatural Gas ConnectedElectricity Connected
  • Water: Public
  • Sewer: Public Sewer
  • Source: Greater Lansing Association of REALTORS®

This listing courtesy of Shawn Elliott, Musselman Realty Company

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

Mt Hope School

1215 E Mount Hope Ave, Lansing, MI, 48910

Grades 4-6

1.11 miles away

J

Jw Sexton High School

102 McPherson Ave, Lansing, MI, 48915

Grades 7-12

1.42 miles away

J

Jw Sexton High School

102 McPherson Ave, Lansing, MI, 48915

Grades 7-12

1.42 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.