Provident Place

Global Real Estate Advisors are pleased to present the exclusive offering of Provident Place in Lansing, MI. This four-story building was originally constructed in 2019. Provident Place consists of 33 apartments units featuring 3 studio units, 21 one-bedroom units and 9 two-bedroom units totaling 24,798 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 1 leased retail unit at 1,970sf and an additional 7,500sf of space ready to be finished. While originally planned as a single, large retail space, the current owner has received approval to convert the space into 4 apartments and 3 smaller retail units. Provident Place is close to the Michigan State University Campus, the Michigan Capital building, plenty of restaurants, grocery stores, childcare and other businesses in Lansing.  

Available individually or as part of the Michigan Avenue Portfolio - Click to view more information on the portfolio opportunity.