www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
27778536
27778537

16991 Old U.S. 27, Lansing, MI 48906 For Sale

MA
MI 6501439818
Keller Williams Legacy
Listed by Keller Williams Legacy
$599,900
275 days on market
Updated 71 days ago

7 UNIT PLAZA FOR SALE

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 14,684
Units 7
Cap Rate 10.14%
NOI $60,826
Occupancy 85.71%
Tenancy Multi
Lease Type Gross
Pro-Forma Cap Rate 10.84%
Pro-Forma NOI $65,000
Price per SqFt $41
Year Built 1958

7 Unit Retail Plaza With Upside Potential

Marketing description

This well-maintained 7-unit retail plaza offers a prime investment opportunity in Lansing, Michigan.
Located on the highly visible Old U.S. 27 corridor, the property features a diverse tenant mix including retail, food service, electrical, and storage businesses. With a strong monthly rental income and one vacant 1,200 sqft storage unit, this property provides significant upside potential for an investor seeking stable cash flow and value-add opportunities.
Recently completed façade and site improvements enhance the curb appeal and functionality of the property, making it an attractive option for tenants and investors alike.

Investment highlights

  1. Strong Income-Producing Asset: Well-maintained 7-unit retail plaza generating consistent rental income with diverse tenant mix across retail, food service, and electrical businesses.

  2. Prime Lansing Location: Situated along the high-traffic Old U.S. 27 corridor, providing exceptional visibility and easy accessibility.

  3. Value-Add Potential: One 1,200 SF vacant storage unit offers opportunity to increase cash flow through lease-up or repurposing.

  4. Recent Capital Improvements: Upgraded façade and site enhancements boost curb appeal, tenant satisfaction, and long-term property value.

  5. Stable Occupancy: Established tenants with a history of on-time payments provide strong, predictable income.

  6. Attractive for Investors: Ideal for both cash flow-focused and value-add investors seeking a balanced investment with upside potential in a growing Lansing submarket.

Listing Contacts

MA
MI 6501439818
Keller Williams Legacy
Listed by Keller Williams Legacy

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$60,826.00
$5,068.83/mo

Valuation Metrics

0
DSCR
10.14%
Cap Rate
10.14%
ROI

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Moe Alshubi
License
6501439818
Brokerage
Keller Williams Legacy
Brokerage Address
22371 West Village Drive
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591