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3101 E Grand River
LANSING, MI 48912
Asking Price
$4.95M
Asset Type
Apartment Building Retail
Class
Class B
What's Special
<p>All offers due by June 15, This Offering Memorandum presents a rare opportunity to acquire and redevelop a 3.3-acre MX-2 zoned property located within the Michigan State University campus market in Lansing, Michigan. The site is currently improved with an approximately 42,800 square foot existing building, offering immediate adaptive reuse potential or a clear path toward higher-density mixed-use redevelopment.</p><p></p><p>The property is strategically positioned to serve one of the Midwes
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NOI
$80,000
Cap Rate
1.62%
DSCR
0.27
Underwater
Cash-on-Cash
-14.40%
Monthly Payment
$24,489.899
Annual Cash Flow
$-213,878.79
