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Downtown Office Space with Views
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124 W Allegan St, Lansing, MI 48933

Renovated office space in downtown Lansing with Capitol views.

Space Size498 SF - 11,533 SF
Property Size215,150 SF
Days on Market2732

Property Features for 124 W Allegan St

General Information

Standard status Active
Size 498 SF - 11,533 SF
Property subtype Office
Lease Type Full Service

Building Details

Building Size 215,150 SF
Tenancy Multiple

Spaces For Lease

at 124 W Allegan St Contact us

1110

Size
500 SF
Type
Office
Lease Type
Full Service
Availability
Active
Contact us

1616

Size
761 SF
Type
Office
Lease Type
Full Service
Availability
Active
Contact us

500

Size
11,320 SF
Type
Office
Lease Type
Full Service
Availability
Active
Contact us

600

Size
5,417 SF
Type
Office
Lease Type
Full Service
Availability
Active
Contact us

650-2

Size
498 SF
Type
Office
Lease Type
Full Service
Availability
Active
Contact us

700

Size
11,533 SF
Type
Office
Lease Type
Full Service
Availability
Active
Contact us

900

Size
11,500 SF
Type
Office
Lease Type
Full Service
Availability
Active
Contact us
Listing Agency: Martin Commercial Properties
Listed By: Eric Rosekrans · License #MI 6501153826
Source: Crexi
Added: Feb 27, 2019 Changed: Aug 19 Last Checked: Aug 21 at 4:42AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Martin Commercial Properties

Investment Insights

Based on property information with market context.

This 23-story building offers 185,000 square feet of office space in downtown Lansing. The meticulously maintained building features professional on-site management. The fully renovated office space includes high-quality finishes. Expansive windows provide natural light. The space can be customized to tenant specifications. A common conference room is located on the 1st floor, along with a lobby snack shop. The property is an ideal choice for businesses looking to establish themselves in Lansing. The building offers views of the Capitol and downtown.

Key Highlights

  • Breathtaking views of the Capitol and Downtown
  • Fully renovated office space with high‑quality finishes
  • Customizable space to tenant specifications

Property Analytics

Current Use

Legislative Corrections Prison Michigan Occupational Therapy ... Association / Organization Peter L. Dunlap, ... Law Firm Templar Baker Group Consultant

Suggested Use

Top Pick Nail Salon Dental Office (Bike/Boat/Book/etc) Store Computer & Electronic Repair Furniture & Home Goods Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$3.30 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,235
Businesses Nearby

Demographics for 48933, MI

2,467
Population
2,103
Households
1.2
Avg Household Size
33
Median Age
35%
College-Educated
88%
High-School Grad
1.0 sq mi
ZIP Area
2,467
Density / Sq Mi
$36,895
Median Household Income
$34,549
Median Earnings
$919
Median Rent
$130,200
Median Home Value

Market

Lease Benchmarks for Lansing, MI

$17.39 /SF/Yr
Avg Asking Price
$9.75–$30 /SF/Yr
Price Range
48,759 SF
Avg Space Size

This space is priced 26% above the average of $17.39 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - Renovated office space in downtown Lansing with Capitol views.
Where is this office building located?
The property is located at 124 W Allegan St Lansing, MI.
What is the lease rate?
The lease rate is $22 SF/Yr.
What are key features of this property?
This property features: Breathtaking views of the Capitol and Downtown; Fully renovated office space with high‑quality finishes; Customizable space to tenant specifications
(517) 351-2200 Call to check price and availability
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