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2.09± Acres High Density Land Gateway to Reo Town E Malcolm X St (E Main St) & Washington Ave :: Lansing, Mi

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2.09± Acres High Density Land Gateway to Reo Town E Malcolm X St (E Main St) & Washington Ave :: Lansing, Mi DEVELOPMENT OPPORTUNITY 2.09± ACRES HIGH DENSITY LAND GATEWAY TO REO TOWN E MALCOLM X ST (E MAIN ST) & WASHINGTON AVE :: LANSING, MI Located at the SE corner of Malcolm X Street and Washington Avenue, this site serves as the gateway to burgeoning REO Town! With Brownfield credits available, the property offers developers an exceptional opportunity to secure high-density land near downtown Lansing! SALE TERMS: AREA HIGHLIGHTS: Call for offers forthcoming Immediate access to I-496 Cash or new mortgage Convenient to the 1,600+ workers at the GM Grand River Assembly Plant PROPERTY DATA: Less than ½ mile from the BWL REO Approximately 2.09 acres Town Headquarters and Cogeneration Zoned DM-4, Residential District Plant with 180 employees Current zoning supports construction Less than 1 mile from the heart of of mixed-use or high-rise dwellings downtown Lansing with a density up to 87.1 units/acre Within walking distance to over 40 All public services and utilities are restaurants and nightclubs available and connected to the site Near immediate access to the Lansing TAX DATA: River Trail City of Lansing Serviced by multiple lines on the CATA bus route 33-01-01-21-203-003 Michigan Business Tax Credit for Brownfield Property available FOR MORE INFORMATION PLEASE CONTACT Van W. Martin, CCIM, SIOR, CRE Shawn H. O’Brien, CCIM Chairman and CEO Associate/Brokerage Services +1 517 319 9241 +1 517 319 9220 Part of the CBRE affiliate network [email protected] [email protected] DEVELOPMENT 2.09± ACRES OPPORTUNITY HIGH DENSITY LAND GATEWAY TO REO TOWN E MALCOLM X ST (E MAIN ST) & WASHINGTON AVE :: LANSING, MI The site offers near immediate access to downtown Lansing and is convenient to all of Greater Lansing via I-496, which runs parallel to the northern border of the property. Bike and pedestrian traffic enjoy the Lansing River Trail, which stretches 13 miles from Old Town to Jolly Road with access along the way to Potter Park Zoo and MSU! 2015 Estimated Demographics 1 mile 3 mile 5 mile 10 mile POPULATION 10,629 93,721 202,315 322,009 EMPLOYEE POPULATION 34,005 93,049 175,694 229,667 AVG HOUSEHOLD INCOME $35,597 $45,573 $49,546 $60,468 AVG AGE 34 36 35 37 Traffic Counts Malcolm X St/Main St (2003) 10,640 vpd S Washington Ave (2002) 6,900 vpd I-496 (2009) 62,600 vpd www.cbre.com/reotown FOR MORE INFORMATION PLEASE CONTACT Van W. Martin, CCIM, SIOR, CRE Shawn H. O’Brien, CCIM Chairman and CEO Associate/Brokerage Services +1 517 319 9241 +1 517 319 9220 Part of the CBRE affiliate network [email protected] [email protected] CBRE|Martin | 1111 Michigan Ave. | Suite 201 | East Lansing, MI 48823| www.cbrelansing.com © 2015 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. DEVELOPMENT 2.09± ACRES OPPORTUNITY HIGH DENSITY LAND GATEWAY TO REO TOWN E MALCOLM X ST (E MAIN ST) & WASHINGTON AVE :: LANSING, MI www.cbre.com/reotown CBRE|Martin | 1111 Michigan Ave. | Suite 201 | East Lansing, MI 48823| www.cbrelansing.com © 2015 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your Part of the CBRE affiliate network needs. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. .
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