Second-Floor Office
For Lease
$10 SF/Yr
507 1/2 E Grand River Avenue, East Lansing, MI 48823
Commercial Lease, East Lansing, MI
Space SizeContact for details
Days on Market464
Property Features for 507 1/2 E Grand River Avenue
General Information
Property type
Commercial Lease
Property subtype
Other
Zoning description
Zoning
Elementary school district
East Lansing
Middle school district
East Lansing
High school district
East Lansing
Directions
East of Division St. Entrance Door is to the East of the Bagel & the Barber Shop. Door is labeled 507 1/2
Standard status
Active
APN
33-20-02-18-168-010
Size
10,670 SF
Taxes and HOA fees
Tax Year
2024
Tax Description
LOT 2 ASSESSOR'S PLAT OF CHASE SUB OF PART OF LOT 78 COLLEGE GROVE EXC BEG AT SE COR OF LOT 2 ON GRAND RIVER AVE TH NW'LY 0.30' ON N LN OF GRAND RIVER AVE TH NE'LY 132.20' AND ALG AN EXTERIOR WALL LN OF AN EXISTING BLDG ON LOT 2 AND THE EXTENSION OF SD LN TO A POINT 0.37' NW'LY OF THE NE COR OF LOT 2; TH SE'LY 0.37' TO THE NE COR OF SD LOT 2, TH SW'LY 132.20' ON THE E LN OF LOT 2 TO POB.
Legal Description
LOT 2 ASSESSOR'S PLAT OF CHASE SUB OF PART OF LOT 78 COLLEGE GROVE EXC BEG AT SE COR OF LOT 2 ON GRAND RIVER AVE TH NW'LY 0.30' ON N LN OF GRAND RIVER AVE TH NE'LY 132.20' AND ALG AN EXTERIOR WALL LN OF AN EXISTING BLDG ON LOT 2 AND THE EXTENSION OF SD LN TO A POINT 0.37' NW'LY OF THE NE COR OF LOT 2; TH SE'LY 0.37' TO THE NE COR OF SD LOT 2, TH SW'LY 132.20' ON THE E LN OF LOT 2 TO POB.
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1965
Floors in Building
2
Building materials
Brick, Block
Listing Agency:
Musselman Realty Company
(517) 332-3582
Listed By:
David Ledebuhr · License #6502109685
(517) 256-8700
Added: Jun 30, 2025
Changed: Aug 19
Last Checked: Oct 6 at 7:06AM
MLS# 289350
Copyright © 2026 Greater Lansing Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property offers 10,670 square feet of second-floor office space within a 1965 brick and block building. Individual offices are available, and the space can be divided into multiple configurations to accommodate different requirements.
The building is directly across from the Michigan State University campus in East Lansing. The lease structure is gross, with utilities included, and the property is served by public water and public sewer.
The building is directly across from the Michigan State University campus in East Lansing. The lease structure is gross, with utilities included, and the property is served by public water and public sewer.
Key Highlights
- 10,670 SF of second‑floor office space
- Individual offices and multiple space configurations available
- Gross lease includes utilities
Property Analytics
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Current Use
Lease Details
Gross
Lease Type
Location Intelligence
Trade Area within ½ mile
1,322
Businesses Nearby
Explore this area
Business Placement
Demographics for 48823, MI
51,793
Population
23,757
Households
2.2
Avg Household Size
28
Median Age
64%
College-Educated
98%
High-School Grad
23.6 sq mi
ZIP Area
2,195
Density / Sq Mi
$50,837
Median Household Income
$19,837
Median Earnings
$1,127
Median Rent
$261,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for East Lansing, MI
$19.18 /SF/Yr
Avg Asking Price
$9–$46.71 /SF/Yr
Price Range
10,382 SF
Avg Space Size
This space is priced 48% below the average of $19.18 /SF/Yr.
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Flexible office configurations with individual rooms available under a gross lease that includes utilities.
Where is this office units located?
The property is located at 507 1/2 E Grand River Avenue East Lansing, MI.
What is the lease rate?
The lease rate is $10 SF/Yr.
What are key features of this property?
This property features: 10,670 SF of second‑floor office space; Individual offices and multiple space configurations available; Gross lease includes utilities
