Second-Floor Office
For Lease
$10 SF/Yr
507 1/2 E Grand River Avenue, East Lansing, MI 48823
COMMERCIAL - East Lansing, MI
Space SizeContact for details
Days on Market410
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 4
Last Checked: Aug 13 at 8:06AM
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.
This second-floor office offering provides 10,670 square feet of commercial workspace with flexibility for individual offices, multiple-room combinations, or a division of the larger area. The property was constructed in 1965 with brick and block materials, and the space is offered under a gross lease that includes utilities and other costs.
The building is located at 507 1/2 E Grand River Avenue in East Lansing, directly across from the MSU campus. Public water and public sewer serve the property, supporting a range of office configurations for users seeking space in a campus-adjacent setting.
The building is located at 507 1/2 E Grand River Avenue in East Lansing, directly across from the MSU campus. Public water and public sewer serve the property, supporting a range of office configurations for users seeking space in a campus-adjacent setting.
Key Highlights
- 10,670 SF of second‑floor office space
- Individual offices and multiple‑space configurations available
- Space can be divided to accommodate different requirements
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Gross
Lease Type
Location Intelligence
Trade Area within ½ mile
727
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
Market
Lease Benchmarks for East Lansing, MI
$12.88 /SF/Yr
Avg Asking Price
$10–$15 /SF/Yr
Price Range
9,740 SF
Avg Space Size
This space is priced 22% below the average of $12.88 /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 are available under a gross lease with utilities included.
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; Space can be divided to accommodate different requirements
