Contacts

Simon Jonna

Colliers Birmingham (MI) - Jonna Group

Property Details

Property Type Multi-Family
Property Size 36,009 SF
Units 45
Lot Size 0.42 Acre
Additional Rent Contact for pricing
Property Tenancy Multi-Tenant
Year Built 1925
Year Renovated 2024
Date Updated Dec 10, 2024

Discover the vibrant neighborhood surrounding the Lansing Apartments. Situated near the heart of the city, the location offers access to a diverse array of amenities. Just minutes away from downtown, this area is a hub for commercial and cultural activity. Investors will appreciate the proximity to renowned attractions such as the Detroit Institute of Arts, the historic Eastern Market, and the bustling Greektown district. With easy access to major highways and public transportation, this location offers convenience for both tenants and visitors. Experience the dynamic energy of Detroit while exploring the investment potential of this prime multifamily opportunityIntroducing a value-add investment opportunity in the heart of Detroit, MI: This multifamily mid-rise property at 2199 Lansing St. offers 36,009 SF of space, with 45 units, making it a promising asset for prospective investors. Built in 1925 and currently under some renovations, the property boasts a timeless appeal coupled with modern conveniences. Zoned CM, it presents versatile possibilities for development. With a 50% occupancy rate, there is significant potential for growth and increased returns. Don't miss the chance to capitalize on this sought-after asset in a thriving market, offering an ideal blend of history, charm, and future prosperity.

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Highlights

36,009 SF mid-rise building
45 units for multifamily use
Built in 1925, renovated in 2024
Zoned CM for versatile development options
Prime Detroit location
50% occupancy with potential for growth

Getting around

76/100
Walk Score ®
44/100
Transit Score ®
66/100
Bike Score ®

Powered by Walk Score ®

City Detroit, MI
Neighborhood Vernor - Junction
Zip Code 48209
Market Detroit

Points of Interest

Checker Cab #977

2.41 miles
West Riverfront

2.46 miles
Huntington Place

2.63 miles
Grand Circus Park

2.73 miles
Sproat Street

2.74 miles
Montcalm Street

2.75 miles
Adelaide Street

2.75 miles
Martin Luther King Junior Boulevard

2.79 miles
Financial District

2.80 miles
Mack Avenue

2.81 miles

Mobil

0.27 miles
Citgo

0.58 miles
Amoco

0.71 miles
Sunoco

0.80 miles
Shell

0.84 miles
BP

0.84 miles
Marathon

0.90 miles
Ammex

1.08 miles
Bedrock QLDC 1

1.61 miles
Bedrock QLDC 2

1.62 miles

Truck Parking

1.08 miles
Two James Spirits Parking

1.26 miles
Bagley Mobility Hub

1.46 miles
4330 Larkins St Parking

1.59 miles
St. Gabriel Parish Parking Lot

1.68 miles
Comerica Ford Field Parking

1.81 miles
WCCC Lot

1.92 miles
3000 Trumbull St Garage

1.98 miles
Tasting Room Parking

2.06 miles

Hotel Yorba

0.75 miles
Crest Motel

1.01 miles
Hostel Detroit

1.58 miles
Trumbell and Porter

1.87 miles
The Godfrey Detroit

1.89 miles
Viking Motel

2.21 miles
MGM Grand Detroit Hotel

2.26 miles
Pinkinn Motel

2.32 miles
Cambria Hotel

2.39 miles
Leland Hotel

2.49 miles

E & L Supermercado

0.47 miles
Hacienda Mexican Foods

0.49 miles
La Jalisciense Supermercado / Taqueria

0.49 miles
Supermercado la Jalisciense

0.50 miles
Prince Valley Supermercado Gigante

1.00 miles
Algo Especial Super Market

1.15 miles
La Fiesta Market Carniceria

1.24 miles
Honey Bee Market La Colmena

1.25 miles
Azteca Supermercado

1.40 miles
Garden Fresh Marketplace

1.46 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.