Lansing Office Building For
521 E Jolly Rd Lansing, MI 48910
521 E Jolly Rd, Lansing, MI, 48910
$289,000
For Sale
$289,000
2,500 SF office building in Lansing, MI for sale.
Property Size2,500 SF
Price / SF$115.60
Days on Market146
Property Features for 521 E Jolly Rd
General Information
- Standard status
- Active
- Size
- 2,500 SF
- Property subtype
- Office
Building Details
- Year Built
- 1972
Listing agency
NAI Mid-Michigan
(517) 281-5800
Listed by
Jerome Abood
(517) 281-5800
Source
Naiglobal
Added: Feb 26 Updated: Jul 10 at 1:13PM Checked: Jul 10 at 1:13PM
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 NAI Mid-Michigan
Investment Insights
Based on property information with market context.
This 2,500 square foot office building, constructed in 1972, is located at 521 E Jolly Rd in Lansing, MI. The property is zoned MX-2, offering versatile investment potential. The location is a high traffic corner with an average annual daily traffic of over 24,000. The property is approved for a used car lot and is suitable for office use. This well-maintained building is situated in a thriving business district.
Key Highlights
- Strategic location in the heart of Lansing.
- MX‑2 zoning offers versatile investment potential.
- High traffic corner with 24,000+ AADT.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.2k | $16.08 |
| − Vacancy | −$8.0k | −$3.22 |
| EGI | $32.2k | $12.86 |
| − OpEx | −$8.0k | −$3.22 |
| NOI | $24.1k | $9.65 |
2,500 SF · lease $16.08/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$344.6K
$301.5K – $402.0K
NOI $24,120 @ 7.0% cap · market cap 8.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$514.6K
$450.3K – $600.4K
NOI $36,022 @ 7.0% cap · market cap 12.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Approved Auto Finance
Car Dealership
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - 2,500 SF office building in Lansing, MI for sale.
Where is this office building located?
The property is located at 521 E Jolly Rd Lansing, MI.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Strategic location in the heart of Lansing.; MX‑2 zoning offers versatile investment potential.; High traffic corner with 24,000+ AADT.
