Lansing Apartments

For Sale

2199 Lansing St., Detroit, MI 48209

This Detroit property for sale is located at 2199 Lansing St.. The current listed sale price for Lansing Apartments is $4,428,000. Lansing Apartments is situated on a lot that is 0.42 acre in size.

Contacts

broker

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 Aug 14, 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 ®

Location

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

Points of Interest

  • Checker Cab #977

    2.41 miles

  • Michigan

    2.56 miles

  • Fort/Cass

    2.58 miles

  • Times Square

    2.61 miles

  • Huntington Place

    2.63 miles

  • Montcalm Street

    2.73 miles

  • Sproat Street

    2.74 miles

  • Adelaide Street

    2.75 miles

  • Martin Luther King Junior Boulevard

    2.79 miles

  • Mack Avenue

    2.81 miles

  • Mobil

    0.27 miles

  • Shell

    0.84 miles

  • BP

    0.84 miles

  • BP

    0.86 miles

  • Mobil

    0.93 miles

  • Ammex

    1.08 miles

  • Shell

    1.23 miles

  • Exxon

    1.36 miles

  • Marathon

    1.56 miles

  • Mobil

    1.60 miles

  • Truck Parking

    1.08 miles

  • Two James Spirits Parking

    1.26 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

  • Howard Lot B

    2.09 miles

  • Howard Lot A

    2.09 miles

  • Crest Motel

    1.01 miles

  • Hostel Detroit

    1.58 miles

  • Trumbell and Porter

    1.87 miles

  • Viking Motel

    2.21 miles

  • MGM Grand Detroit Hotel

    2.26 miles

  • Pinkinn Motel

    2.32 miles

  • Leland Hotel

    2.49 miles

  • DoubleTree Suites by Hilton Hotel Detroit Downtown - Fort Shelby

    2.49 miles

  • Fort Shelby Hotel

    2.49 miles

  • Town Motel

    2.55 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.

Contact Listing Broker

broker

Simon Jonna

Colliers Birmingham (MI) - Jonna Group