16262 Old U.S. 27 $900,000

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    16262 Old U.S. 27 Lansing, MI 48906

    • 5,422 sq. ft.
    • Commercial Sale
    • MLS# 30725611
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    Views: 504 Days On Site: 272

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    Property Details

    This 16 unit motel is located in Lansing Michigan, Clinton County on a heavily trafficked highway from Lansing to Dewitt and St Johns. Both shopping and restaurants are nearby as is several employers. The property includes 16 units in the main motel with 2 single rooms and shared bathroom in the lower level of the house with a private entrance. Units feature microwave, refrigerator and electric cook top. The units have flat screen TVs and cable. All have AC units. Rooms are generally rented nightly with an average daily rate of $50. Very limited weekly rentals are $300 weekly. Extensive daily rental records are included in the sale that demonstrate the outstanding occupancy history. The main house serves as the motel office and living quarters with 3 bedrooms and 1 1/2 baths. Maintenance and laundry is in the basement of the house. A single car garage is also on site. The site is served by well water and city sewer service. The property has recently had new roofs, with the house repla

    • General Features
      • airport access Lansing Regional
      • Gross Building Size 5422
      • Property subtypes Motel
      • Sale terms Cash to Seller
      • Transportation types Investment
      • Use types Town and Country Motel
      • zoning BC
      • zoning description Baseboard
    • Building Features
      • building name 2
      • Building status Existing
      • building stories 1957
      • Heat sources Window Unit
      • visibility Excellent
    • Property Features
      • land size max 1.29
      • land size min 1.29
      • land size unit ACRE
      • traffic count street Weiland

    Contact

    Matthew Wisniewski

    Matthew Wisniewski

    Commercial Advisor / Managing Broker

    RE/MAX Commercial Group

    Direct: 517-321-2800 x118

    Neighborhood

    48906 (Lansing) Demographics

    37 Median Age
    786 Population Density (per sq. mile)
    31% College Educated
    $47,450 Estimated Median Income
    7,081 Estimated Total Home Owners
    3,494 Estimated Total Renters
    67% / 33% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    26,391 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $107,000 Median Sales Price
    26 Homes Sold
    21 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $900,000
        10/28/2021 4:30:23 AM Price Increased Source: Multiple Listing Service New Value: $900,000 5.88%
        4/23/2021 4:30:00 AM New in Database Source: Multiple Listing Service New Value: $850,000

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        The data relating to real estate for sale on this website is provided in part by the Catalyst Commercial MLS. Information deemed reliable but not guaranteed. The property information provided on this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. ©2022 All rights reserved.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.