Welcome to your entrepreneurial haven! This remarkable commercial property presents an exceptional opportunity for budding retailers or entrepreneurs seeking a vibrant location near Old Town. A versatile space, with six dedicated parking spaces, this property is primed for success. The ground floor boasts a spacious lounge/sitting room/ retail area with expansive windows, flooding the space with natural light and providing ample visibility for showcasing your products or services with two private offices. The upstairs unit offers flexibility for various purposes, whether it be additional retail space, office space, or living quarters for the owner/operator or a short term rental. Customers and employees alike will appreciate the ease of access. Nestled near the historic charm of Old Town, this property enjoys a prime location surrounded by boutique shops, cafes, and bustling foot traffic. The vibrant atmosphere and proximity to major thoroughfares make it an ideal destination for retail ventures seeking maximum exposure and accessibility. Close proximity to public transportation hubs and major highways for added convenience.
Property Details
Property Features
Property Information:
Year Built: 1880
Listing Office:
Office Name: Achieve Real Estate LLC
Office Phone: (517) 258-0589
Listing Agent: David Hall
Interior Features
Interior Information:
Basement: No
Exterior Features
Parking Information:
Attached Garage: No
Parking: Asphalt
Lot Features
Lot Information:
Lot Size: 0.14 Acres
Utilities
Utilities Information:
Heating: Other
Cooling: Central Air
Other
Directions Information:
Directions: Corner of N. Washington & W Maple in Old Town
Price Information
Listing Price Info
Price Summary:
List Price: $139,900
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Lansing, MI.
This property is $13.8K less than the Median Sold Price in Lansing, MI.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Greater Lansing Association of REALTORS®
MLS Number: #284368
Listing Office:
Office Name: Achieve Real Estate LLC
Office Phone: (517) 258-0589
Listing Agent: David Hall
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$766
Per Month
Principal & Interest
$699
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$486
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Willow School
1012 W Willow St
Distance between this listing and this school0.74 miles
Public District Grades PK-4
1
/10
Gier Park School
401 E Gier St
Distance between this listing and this school0.93 miles
Public District Grades PK-3
5
/10
Pattengill School
815 N Fairview Ave
Distance between this listing and this school1.58 miles
Public Magnet Grades PK-6
Nearby Schools
2
/10
Midmichigan Leadership Academy
730 W Maple St
Distance between this listing and this school0.53 miles
Public Charter Grades PK-8
2
/10
Sheridan Road
16900 Cedar St
Distance between this listing and this school1.71 miles
Public District Grades 4-6
6
/10
Windemere Park Charter Academy
3100 W Saginaw St
Distance between this listing and this school2.01 miles
Public Charter Grades KG-8
Nearby Schools
3
/10
Eastern High School
626 Marshall St
Distance between this listing and this school1.49 miles
Public Magnet Grades 7-12
3
/10
Jw Sexton High School
102 McPherson Ave
Distance between this listing and this school1.50 miles
Public Magnet Grades 7-12
2
/10
Ingham Academyfamily Center
1601 W Holmes Rd
Distance between this listing and this school3.60 miles
The neighbors living near this home have an average income of $27,069. Typical income of Lansing, MI residents is less than $35k annually. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.
This home is located at 1103 N Washington Ave in Lansing, MI and zip code 48906 in the Westside neighborhood. This home, which was built in 1880, sits on a 0.14 acre lot. It has been listed on Rocket Homes since October 21, 2024 and is currently priced at $139,900.
In November 2024, from all listings sold in Lansing, MI there were more than 49 sold above asking price, over 54 sold below and more than 26 were sold right at the asked price. The inventory of homes for sale in Lansing, MI between October 2024 and November 2024 decreased by 0.2%. In November 2024, listings were on the market for 25 days. During the same period, the median list price in this real estate market was $153,784.
From Rocket Homes Real Estate and based on county public records data.