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720 N Martin Luther King Jr Blvd

0.31 Acres of Commercial Land Offered at £39,366 in Lansing, MI 48915

Investment Highlights

  • Heavy Traffic area
  • 1031 Exchange
  • Busy intersection

Executive Summary

The prime investment parking lot is half way between Downtown/Capitol and the Lansing Regional Airport. The property is under study and option to build a new EV charging station. Other uses abound and it is perfect for a contractor or parking provider, uhaul business or future development potential. I'll be happy to throw in $500 towards the buyers broker fee. This is a Free and Clear property. For offer considerations please email or call Kenneth Burton at kdburton@kw.com, 517-242-2000, thank you.

Property Facts

Price £39,366
Sale Type Investment
Sale Conditions Tenants option to buy property
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Commercial
Total Lot Size 0.31 AC

1 Lot Available

Lot 1

Price £39,366
Price Per AC £126,987
Lot Size 0.31 AC

This is a fenced, paved and gated secure 60+/- car parking lot with two street lights(1-60W LED endmount around $41/MN and 1-40W LED is a 400w HPS and the cost around $20.00 per month) with a temporary 100amp electrical panel.

Description

Former Hospital parking lot

Walk Score ®
Very Walkable (75)
Bike Score ®
Very Bikeable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 01-01-08-481-051
  • 01-01-08-481-061
  • 01-01-08-481-071
Land Assessment
£23,591
Improvements Assessment
£947
Total Assessment
£24,538

zoning

Zoning Code C (General Commercial)
C (General Commercial)
  • Listing ID: 31109321

  • Date on Market: 03/03/2024

  • Last Updated:

  • Address: 720 N Martin Luther King Jr Blvd, Lansing, MI 48915

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