2937 Martin Luther King Jr BlvdLansing, MI 48910

For Sale
$245,000

Vacant 1,251 SF Retail Building

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a vacant, 1,251 square foot retail building situated on a 0.39-acre lot at 2937 S Martin Luther King Jr Blvd in Lansing, Michigan. The property, built in 1956, is a single-story, Class C free-standing building zoned for light industrial use. Currently vacant, this property offers significant potential for a variety of uses, particularly given its location on a busy thoroughfare. The building features a single drive-in bay, ample office space, and restroom facilities. The entire lot is paved with concrete, providing extensive space for vehicle display or storage. The asking price is $245,000, translating to $195.84 per square foot. The property is offered as a fee simple ownership with a NNN lease type. The property's Ingham County location (APN: 33-01-01-29-426-05) and its 48910 zip code offer excellent access to Lansing's vibrant commercial landscape. This is a rare opportunity to acquire a well-located, versatile property with significant upside potential. The property is currently vacant, allowing for immediate occupancy and customization to suit the buyer's specific needs. The substantial lot size provides ample space for expansion or additional development. This is an owner-user investment opportunity with no tenant credit rating and no remaining lease term.

Property Details for 2937 Martin Luther King Jr Blvd

Property type
Other retail properties, Automotive properties
Square Feet
1,251 SF
Class
C
Year Built
1956
Buildings
1
Stories
1
Lot Size (sq. ft)
16,988 SF
Units
1

Location Insight

City
Lansing
County
Ingham
State
Michigan
Latitude
42.7027612
Longitude
-84.5669507
2937 Martin Luther King Jr Blvd, Lansing, Michigan

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2937 Martin Luther King Jr Blvd
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