Commercial Land in Lansing, Michigan, offers a unique investment opportunity for those looking to capitalize on the city's strategic location and growing economy. As the centerpiece of Mid-Michigan, Lansing provides an ideal setting for businesses to flourish, with its proximity to major transportation hubs, including the Capital Region International Airport and the Michigan Flyer bus service. Commercial Land in Lansing can represent a variety of investments, from retail and office spaces to industrial and agricultural properties. The city's diverse economy, driven by government, education, insurance, healthcare, and automobile manufacturing, creates a strong demand for commercial properties. Lansing's amenities, infrastructure, location, education, and geography make it an attractive place to invest in Commercial Land. The city is home to Michigan State University, one of the largest land grant colleges in the United States, and is surrounded by major companies like General Motors, Auto-Owners Insurance Company, and Jackson National Life. Additionally, Lansing's arts scene, featuring events like the Michigan Pride festival and the Common Ground Festival, and attractions like the Impression 5 Science Center and the R. E. Olds Transportation Museum, make it a great place for business and travel.
With 15 Commercial Land listings available in Lansing, investors have a range of options to choose from. The average price per square foot for Commercial Land in Lansing is $141 USD, with an average size of 26,633 square feet. The largest Commercial Land property available is 26,633 square feet. Lansing's Commercial Land market offers an average cap rate of. In addition to Commercial Land, Lansing also offers other property types, such as residential properties, office spaces, and industrial properties. The city's residential properties offer a range of options, from single-family homes to apartments and condominiums. Office spaces in Lansing are ideal for businesses looking to establish a presence in the city, while industrial properties cater to companies involved in manufacturing and logistics. Overall, Lansing's diverse property market and strong economy make it an attractive destination for investors and businesses alike.
What are common commercial uses for land in the Lansing market?
In the Lansing market, common commercial uses for land include office spaces, retail centers, and industrial facilities, which cater to the city's diverse economy driven by government, education, insurance, healthcare, and automobile manufacturing sectors.
With 15 available listings of commercial land, investors and developers can explore opportunities to build or renovate properties that support the local business community, such as restaurants, hotels, and entertainment venues, which can thrive near major transportation hubs like the Capital Region International Airport and the Capital Area Transportation Authority (CATA) Transportation Center.
What are common ways to purchase land to use in development projects?
When it comes to purchasing land for development projects in Lansing, Michigan, there are several common ways to do so. For instance, investors can buy land directly from a private seller, work with a commercial real estate broker, or search online marketplaces like LoopNet, which offers a wide range of commercial land listings, including 15 available listings in Lansing, with an average price per square foot of $141 USD and an average size of 26,633 square feet.
Before making a purchase, it's essential to understand the process and considerations involved in buying land, which is why we recommend checking out our article on how to buy land, a valuable resource for investors looking to navigate the complexities of land acquisition. By doing so, you'll be better equipped to find the right piece of land for your development project in Lansing, where you can take advantage of the city's growing economy and infrastructure.
