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    FOR SALE
    Medical Office Space

    1504 E Grand River Ave, East Lansing, MI 48823

    17,434 SF 0.67 ac lot Built 2000
    Entity Owned 11-yr Hold ~ Est. High Equity
    Property ID
    US43-0328073
    Property summary
    AI-generated overview

    This exceptional two-story, Class B office building, located at 1504 E Grand River Ave in East Lansing, MI 48823, presents a unique investment opportunity. Boasting a total of 17,434 square feet across six suites, this 2002-built property sits on a sizable 30,406 square foot lot. Its strategic location at the hard corner of Hagadorn and Grand River provides excellent visibility and accessibility, benefiting from a high daily traffic count of 23,115 vehicles. The building's traditional office layout is ideal for a variety of businesses, and its proximity to Michigan State University, downtown East Lansing, Trader Joe's, and Whole Foods ensures high foot traffic and convenient access to amenities. The property features ample on-site parking, catering to both employees and clients. The zoning is RM32, and the APN is 33-20-02-17-304-001. Currently, there is 2,847 square feet of newly built-out office space available. Flexible lease terms are available. This property offers a compelling combination of location, size, and amenities, making it an attractive option for businesses seeking a thriving and convenient location in East Lansing. The building consists of one structure with two stories.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 2000
    Total area 17,434 SF
    Lot 0.67 ac (29,185 SF)
    Zoning code RM32
    APN 33-20-02-17-304-001
    UPID US43-0328073
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Rick J. Smith, MD - East Lansing, MI Spa & Massage Center Alternative Medicine Practice
    • United Resiliency Center Community Center
    • Lindsay Solgat, MA Physician Medical Clinic
    • Kathy Kuehne, LE Skin Care Clinic
    • Lisa Allen, RN Physician Medical Clinic
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $2.26M
    Comparable Approach Comparable
    $1.78M
    Blend (final) Blend
    $1.78M
    Owner & transaction history
    George F Eyde Family LLC · 11 yrs held
    George F Eyde Family LLC
    since 2015
    7 recorded transactions
    2015
    2008
    $1.7M
    2007
    $1.9M
    2005
    $2.5M
    1969
    1969
    1969
    Zoning & alternative use
    RM32 · East Lansing, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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