The Venue | 2010-2020 E Michigan Ave
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The Venue 2010-2020 E Michigan Ave
42 Unit Apartment Building For Sale Lansing, MI 48912
Investment Highlights
- 42 Apartment Units
- Additional properties available on Michigan Avenue as part of Portfolio
- 7 retail units with an average of 2,200 sf per unit
Executive Summary
Global Real Estate Advisors are pleased to present the exclusive offering of The Venue in Lansing, MI. This property consists of a 4 story building constructed in 2017 and an adjoining building originally constructed in 1922. The Venue consists of 42 apartments units featuring 9 studio units, 23 one-bedroom units and 10 two-bedroom units totaling 32,294 square feet. The property features tenant paid electricity, with the landlord paying for water & sewer. The current owner has implemented a utility reimbursement program for water which will allow a new owner to continue to increase revenue as the program is rolled out across all leases. The property also includes 7 retail units with an average of 2,200 sf per unit. The Venue is close to the Michigan State University Campus, the Michigan Capital building, plenty of restaurants, grocery stores, childcare and other businesses in Lansing. All units have been largely updated, with major remodels including new kitchens and bathrooms.
Visit our website at https://grea.com/properties/the-venue/ for more information including a full offering memorandum.
This property is available individually or part of the Michigan Avenue Portfolio - Click to view more information on the portfolio opportunity - https://grea.com/properties/michigan-avenue-portfolio/
Visit our website at https://grea.com/properties/the-venue/ for more information including a full offering memorandum.
This property is available individually or part of the Michigan Avenue Portfolio - Click to view more information on the portfolio opportunity - https://grea.com/properties/michigan-avenue-portfolio/
Property Facts
| Sale Type | Investment | Building Class | B |
| No. Units | 42 | Building Size | 51,000 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 2018 |
| Apartment Style | Mid Rise | Parking Ratio | 0.39/1,000 SF |
| Sale Type | Investment |
| No. Units | 42 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | B |
| Building Size | 51,000 SF |
| No. Stories | 4 |
| Year Built | 2018 |
| Parking Ratio | 0.39/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Island Kitchen
Site Amenities
- Fitness Center
- On-Site Retail
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 9 | - | 456 |
| 1+1 | 23 | - | 756 |
| 2+2 | 10 | - | 1,002 |
Walk Score ®
Very Walkable (83)
Bike Score ®
Very Bikeable (71)
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The Venue | 2010-2020 E Michigan Ave
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