Overview
This multifamily redevelopment opportunity is ideally scaled at 29 units and three stories, allowing for Type V wood-frame construction — one of the most cost-efficient development structures in 2026 due to its favorable cost-per-unit economics and ability to avoid an elevator-required core at this scale. Located within ZIP code 48911, where the median household income is approximately $56,600, the site is well positioned for a variety of multifamily strategies, including workforce housing, market-rate, mixed-income, or LIHTC development. A preliminary site plan prepared by The Peabody Group and Fineout Design Group already demonstrates the feasibility of accommodating 29 units, 55 parking spaces, required setbacks, and landscape requirements in compliance with Lansing Code Chapter 1252, helping reduce entitlement uncertainty and accelerate the pre-development timeline.
Location Overview
Discover the potential of investing in the bustling Lansing, MI location! Positioned near major transportation routes and within a short distance of compelling attractions like the Potter Park Zoo and the Michigan State Capitol, the area provides a dynamic environment for a Land/Office investor. Lansing's vibrant downtown is a hub of business, government, and culture, offering diverse dining options and a vibrant arts scene. The area is also home to prestigious educational institutions and beautiful parks, providing a balance of work and leisure. With its prime location and amenities, the area promises an optimal investment opportunity for those seeking a piece of Lansing's energy and growth.
- Residential Redevelopment Opportunity
- Nearly 2 acres of land in a highly visible Lansing location
- Convenient access to downtown Lansing, I-496, and US-127
- Surrounded by a mix of residential and commercial properties, supporting long-term upside
- Established neighborhood with continued redevelopment activity nearby
