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119 E Kalamazoo

119 E Kalamazoo Lansing, MI 48911

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Overview

Discover a prime investment and owner-user opportunity at 119 E Kalamazoo Street, strategically located in the heart of downtown Lansing's exciting revitalization. This well-maintained, mixed-use building features commercial office space on the first and lower levels, perfectly complemented by four desirable apartment units across the second and third floors. Each residential unit offers modern comfort and efficiency with separately metered electric, central forced air heat and air conditioning, and captivating city skyline views that showcase the urban landscape. The property is an investor's dream, designed for low-maintenance ownership with no lawn or snow removal responsibilities. Uniquely flexible, the seller currently occupies the office space and is willing to sign a leaseback agreement at closing for immediate income, or can vacate for a new owner-user looking to establish their business in a premier location. Positioned just steps from significant new developments, this property benefits from the energy of a growing downtown, offering residents a walkable lifestyle with easy access to the State Capitol, the Lansing River Trail, and a burgeoning scene of restaurants, entertainment, and cultural venues that define modern city living.

For Sale

Investment
Sale Price
$522,000
Price Per SF
$131.8/SF
Cap Rate
9%
Building Size
3,960 SF
Acres
0.033 ac
Zoning
DT-3
Zoning Description
Urban Core
Gross Income
$77,640
Net Operating Income
$46,992
Sale Terms
Cash to Seller
Number of Buildings
1
Floors
3
Year Built
1923
Year Renovated
2007
Roof Type
Flat
Construction Siding
Brick
Construction Type
Masonry
Heat Type
Natural Gas
Air Conditioning
Package Unit
Tenancy
Multiple Tenants
Nearest MSA
Lansing-East Lansing
Tax ID Number
33-01-01-16-405-171
Average Occupancy Rate
100%
In Opportunity Zone
Yes
County
Ingham
Available
2025-10-20
Created
2025-10-20
Updated
2025-10-20
Listing ID
26e52ec5
Parcel APN
33-01-01-16-405-171