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  1. Commercial Properties
  2. MI
  3. Lansing

645 E Jolly Rd

For Sale

645 E Jolly Rd, Lansing, MI 48910

Discover the vibrant city of Lansing, MI, where urban convenience meets natural charm. The area surrounding the property offers a mix of cultural attractions, including the Michigan State Capitol Building, Big-10 Michigan State University, the Michigan History Center, and the charming Old Town Lansing. Known for its art galleries, and locally owned restaurants, Old Town adds to the appeal of the area, making it an attractive location for those interested in multifamily investment. With a bustling, lively atmosphere and a cultural hub just a stone's throw away, the location presents an exciting opportunity for residents seeking a dynamic living experience. Strategically located along Lansing's established Jolly Road commercial corridor, the property benefits from strong visibility, convenient access, and proximity to dense residential and retail amenities, supporting long-term tenant demand and investment stability.Elevate your investment portfolio with this exceptional workforce housing opportunity at 645 E Jolly Rd in Lansing, MI. With a generous 8,072 SF building hosting 16 units, this property exemplifies the ideal blend of comfort and affordability. Originally constructed in 1969 and thoughtfully renovated in 2024, it embodies the timeless charm of a classic design coupled with modern conveniences. Zoned R-MX (Residential Mixed-Use), it seamlessly accommodates the needs of the local workforce, offering a compelling investment opportunity with a 100% occupancy rate.

Key features

  • Based on T-12 financial statements and June 2026 rent roll provided by ownership.
  • Built in 1969, renovated in 2024
  • Central location supports a deep resident pool with access to major employment centers, retail amenities, healthcare facilities, and more.
  • Investment Profile: Stable Workforce Housing / Cash Flow Opportunity
  • Occupancy: 100% Leased
  • T-12 NOI: $95,001
  • T-12 Revenue: $158,060
  • Unit Mix: 9 One-Bedroom Units / 7 Two-Bedroom Units
  • Units: 16

Building Details

  • For Sale $1,005,000
  • Property Type Multi-Family
  • Property Size 11,800 SF
  • Units 16
  • Lot Size 0.46 Acre
  • Additional Rent Price on request
  • Parking Spaces Avail. 20
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1969
  • Year Renovated 2024
  • Date Updated Oct 28, 2026
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Contacts

broker
Dave Robinson

NAI Mid-Michigan

Location

  • City Lansing, MI
  • Zip Code 48910
  • Market Detroit
  • Map
  • Street
  • Walk score 61/100 Somewhat Walkable
  • Transit score 35/100 Some Transit
  • Bike score 62/100 Bikeable
Powered by Walk Score ®

Points of Interest

East Lansing

3.45 miles

Marathon

0.29 miles

Citgo

0.37 miles

Speedway

0.55 miles

Pacific Pride

1.03 miles

Meijer

1.13 miles

Tesla Supercharger

1.14 miles

Market Fresh Gas Express

1.26 miles

ChargePoint

1.62 miles

Blink

2.24 miles

Clipper Creek

3.08 miles

Parking and Drivers Education Practice Lot

1.11 miles

Lot 98

2.98 miles

Lot 94

3.11 miles

South Capitol Ramp

3.31 miles

Elliott-Larsen Lot

3.36 miles

Townsend Ramp

3.40 miles

South Grand Ramp

3.41 miles

Butler Lot

3.41 miles

Pine Lot

3.43 miles

Lot 85

3.43 miles

WhiteWater Express - S Lansing

0.27 miles

Cedar Car Wash

1.17 miles

Ceadr Car Wash

1.17 miles

Tommy's Express Car Wash

1.30 miles

Jolly Road Car Wash

1.41 miles

Fast Eddie's

1.88 miles

Kwik Car Wash

2.63 miles

Wash World

2.77 miles

Ultra Clean Car Wash & Oil Change

4.14 miles

Spotless Auto Wash World

4.58 miles

U Like

0.20 miles

Subway

0.20 miles

McDonald's

0.34 miles

Marco's Pizza

0.49 miles

Burger King

0.51 miles

Dan's Coney Island

0.57 miles

Domino's

0.57 miles

Taco Bell

0.60 miles

Fazoli's

0.62 miles

Dairy Queen

0.69 miles

International Market One

0.35 miles

Asean Food Mart

0.38 miles

ZZ's Market

0.45 miles

Iwacu International Supermarket

0.92 miles

American International

0.93 miles

International Food Mart

0.97 miles

Meijer

1.05 miles

Queen Market

1.17 miles

Dong An Market

1.33 miles

Gordon Food Service

1.37 miles

Walgreens

0.30 miles

Lansing Urgent Care

0.33 miles

NovaCare Rehabilitation

0.39 miles

Clinton Eaton Ingham Community Mental Health

0.63 miles

US Department of Veterans Affairs Outpatient Clinic

0.65 miles

Lansing Fire Station #4

1.13 miles

CVS Pharmacy

1.38 miles

Medilodge of Capital Area

1.42 miles

Rite Aid

1.48 miles

Cental Pharmacy

1.54 miles

Listing Summary

  • Property Financials

    645 E Jolly Rd is currently listed for sale at $1,005,000 for a price per square foot of $85.17.

  • Property Details

    645 E Jolly Rd totals 11,800 square feet of Multi-Family space on a lot spanning 0.46 acres. The property was initially built in 1969, being last renovated in 2024.

    Based on its location, amenities, and finishes, the property is listed as class C.

    Tenancy at 645 E Jolly Rd is listed as Multi-Tenant, comprising a total of 16 units. There are a total of 20 parking spaces available onsite.

  • Area Characteristics

    In terms of ease of commuting, the area has a walk score of 61, indicating that it is somewhat walkable.

Contact Dave Robinson
broker
Dave Robinson

NAI Mid-Michigan

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