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Turnkey Medical Office Condo
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1500 Watertower Pl, East Lansing, MI 48823

Turnkey medical office condo includes a waiting area, built-in reception desk, X-ray room, and two restrooms.

Property Size2,816 SF
Price / SF$0.01
Days on Market178

Property Features for 1500 Watertower Pl

General Information

Standard status Active
Size 2,816 SF
Class A
Property subtype Office, Healthcare
Zoning PO

Additional Details

Business Included Yes
Highway Access Yes

Building Details

Building Size 2,816 SF
Year Built 2008
Listing Agency: RE/MAX COMMERCIAL GROUP
Listed By: Matthew Wisniewski · License #6501360426
Source: Cpix.resimplifi
Added: Mar 12 Changed: Sep 3 Last Checked: Sep 5 at 3:33AM

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 RE/MAX COMMERCIAL GROUP

Investment Insights

Based on property information with market context.

Turnkey medical office condominium unit formerly used as a podiatry office, offered with a practical patient-flow layout. The suite includes a welcoming waiting area with a built-in reception desk, a dedicated X-ray room, and a separate check-out area designed to support efficient, private transitions. Two restrooms are provided, including one with a shower for added convenience.

As a condo unit, common area maintenance such as landscaping, snow removal, and exterior upkeep is managed by the association. The building is described as having an exclusive all-medical tenant mix.

The property is located in an East Lansing medical corridor with accessibility to major roadways including US-127 and I-496, and is positioned near Michigan State University and Sparrow Hospital. Nearby retail and dining options include Eastwood Towne Center and Meridian Mall areas, along with a range of restaurants serving staff and visitors.

Key Highlights

  • Turnkey 2,816 SF former podiatry office condominium unit in East Lansing (built in 2008)
  • Includes waiting area with built‑in reception desk and a separate check‑out area for patient flow
  • Two restrooms, including one restroom with a shower

Property Analytics

Current Use

Courtland Consulting Consultant Douglas P. Johnson, ... Physician Mid-Michigan Podiatry Physician Maninder Deswal, DPM Physician Schaefer Dental Group ... Dental Office

Suggested Use

Top Pick Building Supply HVAC Service Auto Repair Shop Auto Parts Store Big Box & Wholesale Store 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

Turnkey business
Opportunity
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

718
Businesses Nearby
Under-served
Demand for This Use

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

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
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Similar Off Market Nearby

  • USDA, APHIS, VS, Veterinary Services 3001 Coolidge Rd #325, East Lansing, MI 48823

Frequently Asked Questions

What type of property is this?
Medical Office Space - Turnkey medical office condo includes a waiting area, built-in reception desk, X-ray room, and two restrooms.
Where is this medical office space located?
The property is located at 1500 Watertower Pl East Lansing, MI.
What are key features of this property?
This property features: Turnkey 2,816 SF former podiatry office condominium unit in East Lansing (built in 2008); Includes waiting area with built‑in reception desk and a separate check‑out area for patient flow; Two restrooms, including one restroom with a shower
More about this property
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