119 E Kalamazoo
119 E Kalamazoo Lansing, MI 48911

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
- 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










