Building Details

Building Size 33,315 SF

Buildings 1

Stories 3

Listing Agency: Martin Commercial Properties e***@martincommercial.com Show Phone

Listed By: Eric F. Rosekrans · License #6501153826 Show Phone

Source: Cpix.resimplifi

Added: Nov 28, 2023 Changed: Aug 8 Last Checked: Aug 31 at 12:46PM

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Investment Insights

Based on property information with market context.

This commercial real estate property in Lansing, Michigan, offers office spaces and units for rent. The property provides a total area of 33315 square feet, suitable for various business needs.

Key Highlights

• Office space available for lease
• Located in Lansing, Michigan

Property Analytics

Property Profile

Current Use

Compass Insurance Agency Insurance Agency Michigan Manufacturers Association Charitable Organization MMA Service Corporation Financial Advisor Michigan Federation-Children Charitable Organization Michigan Sheriffs' Association Charitable Organization

Suggested Use

Top Pick Skin Care Clinic (Bike/Boat/Book/etc) Store Electrical Service Acupuncture Furniture & Home Goods Daycare Center

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

1,986

Businesses Nearby

Explore this area Business Placement

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

$37.32 /SF/Yr

Avg Asking Price

$6.9–$294 /SF/Yr

Price Range

12,348 SF

Avg Space Size

This space is priced 41% below the average of $37.32 /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

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What type of property is this? Where is this office units located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office units - Office space available for lease in Lansing, Michigan.

Where is this office units located?

The property is located at 620 S Capitol Ave Lansing, MI.

What is the lease rate?

The lease rate is $22 SF/Yr.

What are key features of this property?

This property features: Office space available for lease; Located in Lansing, Michigan