1023 S Washington AVE Lansing, MI 48910
0.42 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Sale
Listing Status Active
Purchase Type For Sale
Subdivision Original Of Lansing
MLS Listing ID 286754
Year Built 1925
Annual Tax Amount $17,640
Tax Year 2024
Lot Size 0.420 Acres
Acres 0.42
Lot Dimensions 140.25x132
Property Sub-Type Commercial Sale
Source Greater Lansing Association of REALTORS®
Property Description
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.
Location
State MI
County Ingham
Community Original Of Lansing
Direction In REO Town, East Side of S. Washington Ave. between Hazel & Elm.
Rooms
Basement Partial
Interior
Heating Forced Air, Natural Gas, Radiant Ceiling
Cooling Ceiling Fan(s)
Flooring Concrete, Terrazzo
Appliance None
Laundry None
Exterior
Parking Features Asphalt
Utilities Available Water Connected, Sewer Connected, Natural Gas Connected, Electricity Connected
View Y/N No
Total Parking Spaces 13
Building
Foundation Block
Lot Size Range 0.42
Sewer Public Sewer
Schools
High Schools Lansing
School District Lansing
Others
Tax ID 33-01-01-21-252-022
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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