1023 S Washington Avenue Lansing, MI $ 652,000
1023 S Washington Avenue
$ 652,000
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1023 S Washington Avenue

Lansing, MI, 48910
$ 652,000
Bedrooms-- Baths-- Sq 14,388

Monthly Estimate*

$ 4,068

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Commercial Property for sale in Lansing, MI

for $652,000. This 14,388 square foot building was built in 1925 on a lot size of 0.42.

REO TOWN MARKETPLACE FOR SALE: This unique and historic building is being marketed For Sale as the current owner has reached retirement. Originally built in 1925 as the home of Hudson and Essex Auto dealership, the 14,388 square foot one story building is actually two store fronts (1023 and 1027) South Washington and is located at the entrance to REO Town on the East side of S. Washington between Hazel and Elm Streets, and next door to Builders Hardware. There are currently 7 REO Town Marketplace tenants, most on month-to-month leases. The tenants pay $11/sq. ft. including prorated utility charges. The two store fronts are separated by an interior drive complete with auto access garage door off South Washington. This allows vehicle access to the large open space in the rear of the building which features 25 ft. ceilings and an exposed steal truss system giving. Parking for 13 vehicles can be found on the north side of the building, and on street parking is allowed on South Washington. All showings are by appointment, and scheduled in advance. An Environmental study by STS consultants indicates "no recognized environmental conditions related to past and present activities on the subject property", with copy available to interested parties.

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Commercial Active

Price

$ 652,000

Property Type

Commercial

Taxes

$ 17,640

Style

Commercial Sale

Lot Size

0.42

Year Built

1925

Town/City

Lansing

County/Region

Ingham

MLS | Web ID

286754

Features
General
Sewer Public Sewer
Heating Forced Air Natural Gas Radiant Ceiling
Cooling Ceiling Fan(s)
Utilities Water Connected Sewer Connected Natural Gas Connected Electricity Connected
Appliances None
Construction Materials Wood Siding Block
Year Built 1925
Township Lansing City
Levels One
Property Subtype Commercial Sale
Tax Year 2024
Business Type Retail
County Ingham
New Construction N
Property Type Commercial Sale
Attached Garage N
Subdivision Name Original of Lansing
Garage Y/N N
Status Active
Directions In REO Town East Side of S. Washington Ave. between Hazel & Elm.
City Lansing
High School District Lansing
Zoning Description Zoning
Number Of Units Total 0
Lot Size Units Acres
Lot Size Square Feet 18295.2
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 17640.0
Lease Renewal Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://my.matterport.com/show/?m=LqankhgkQxB
Standard Status Active
Tax Assessed Value 218181
Legal Description S 1/2 LOT 7 EXC E 33 FT ALSO N 107.25 FT LOTS 8 & 9; BLOCK 199 ORIG PLAT
Senior Community None
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Interior
Basement Partial
Flooring Concrete Terrazzo
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Above Grade Finished Area 14388.0
Laundry Features None
Entry Level 1
Total Baths 0
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Exterior
Parking Features Asphalt
Water Source Public
Total Parking 13.0
Lot Size Area 0.42
Foundation Details Block
Building Area Total 14388.0
Lot Dimensions 140.25x132
Lot Size Acres 0.42
Road Surface Type Paved
Waterfront Y/N N
Foundation Area 14388.0
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 1023
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* Excluded Features
List By
Shawn Elliott

Listing Agent

Musselman Realty Company

Broker

shawn71373@gmail.com

Email

Affordability Calculator

$5,538
Per Month
73%
27%
0%
Monthly Principal & Interest
$4,068
Monthly Property Taxes
$1,470
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2075809 Elementary School
2075905 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/5/2025$652,000 Listed Price

Map


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1023 S Washington Avenue, Lansing, MI, 48910 is a Commercial Property for sale at $652,000 with 14,388 sqft and a lot size of 0.42. 1023 S Washington Avenue was built in 1925. The property's zip code is 48910 which is in Lansing, MI