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Two-Level Office Building
For Sale
$2,850,000

1423 Keystone Ave, Lansing, MI 48911

Reinforced concrete office property with substantial parking and access from Keystone Ave and South Pennsylvania Ave.

Property Size39,346 SF
Lot Size4.55 Acres
Price / SF$72.43
Days on Market166

Property Features for 1423 Keystone Ave

General Information

Standard status Active
Size 39,346 SF
Net Rentable 39,346 SF
Class Class C
Lot size 4.55 Acres
Property subtype Office
Zoning IND-1

Additional Details

Road Access Yes

Building Details

Year Built 1987
Stories 2
Building Size 39,346 SF
Construction reinforced concrete
Parking Ratio 4.1 per 1,000 SF
Listing Agency: Jones Lang LaSalle
Listed By: Jeffrey Karger
Source: Carwm.resimplifi
Added: Mar 18 Changed: Aug 30 Last Checked: Aug 30 at 1:01PM

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 Jones Lang LaSalle

Investment Insights

Based on property information with market context.

This two-level office building provides 39,346 square feet of rentable space within a 4.55-acre site. The 1987 property uses reinforced concrete construction and includes 19,673 SF on each level, comprising a first floor and lower level. On-site parking is provided at a ratio of 4.10 spaces per 1,000 SF.

The property is located in Southern Lansing with access from Keystone Ave and South Pennsylvania Ave. It is approximately 19 minutes from Capital Region International Airport, 70 minutes from Grand Rapids, and 90 minutes from Detroit. Zoning is IND-1.

Key Highlights

  • 39,346 square feet of rentable office space
  • Two levels with 19,673 SF on each floor
  • 4.55‑acre site with parking at 4.10 spaces per 1,000 SF

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Restaurant Furniture & Home Goods Kitchen & Bath Showroom

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

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

672
Businesses Nearby

Demographics for 48911, MI

40,566
Population
18,069
Households
2.2
Avg Household Size
36
Median Age
26%
College-Educated
90%
High-School Grad
17.3 sq mi
ZIP Area
2,345
Density / Sq Mi
$54,882
Median Household Income
$36,245
Median Earnings
$933
Median Rent
$136,900
Median Home Value

Market

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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Frequently Asked Questions

What type of property is this?
Office building - Reinforced concrete office property with substantial parking and access from Keystone Ave and South Pennsylvania Ave.
Where is this office building located?
The property is located at 1423 Keystone Ave Lansing, MI.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: 39,346 square feet of rentable office space; Two levels with 19,673 SF on each floor; 4.55‑acre site with parking at 4.10 spaces per 1,000 SF
More about this property
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