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Flex Space with Service Garage

15820 Old U.s 27, Lansing, MI 48906

For Lease
New
$12 SF/Yr Modified Gross

Commercial Sale, Lansing, MI

Space Size2,700 SF
Lot Size0.70 Acres
Days on Market4

Property Features for 15820 Old U.s 27

General Information

Property type Commercial Lease
Property subtype Other
Zoning description Zoning
Bathrooms 3
Full bathrooms 3
Rooms Bathroom 1, Bathroom 3, Bathroom 2
Parking 10
Parking features Driveway
Exterior features Lighting
Lot features Back Yard, Cleared, Open Lot, Private
Elementary school district Lansing
Middle school district Lansing
High school district Lansing
Directions US Highway 27 North - Just North of State Rd
Standard status Active
APN 050-200-000-001-02
Size 2,701 SF
Lot size 0.70 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description N 74 FT OF LOT 1 DYERS SUB SEC 28 T5NR2W
Tax Annual Amount 4503
Legal Description N 74 FT OF LOT 1 DYERS SUB SEC 28 T5NR2W

Utilities

Sewer type Public Sewer
Heating system Electric (Heating)
Water source Public

Building Details

Year built 1950
Floors in Building 2
Flooring type Combination
Building materials Brick
Roof type Shingle
Architectural style Other
Listing Agency: Keller Williams Realty Lansing
Listed By: Kenneth Burton · License #6501414220
Added: Nov 4 Changed: Nov 6 Last Checked: Nov 7 at 5:06PM
MLS# 300368

Copyright © 2026 Greater Lansing Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This 2,701-square-foot flex property offers a ground-floor arrangement with 1,700 square feet devoted to reception and office space, alongside a 1,000-square-foot service garage with an overhead door. Built in 1950, the brick building has combination flooring, electric heat, lighting, and three bathrooms. Public water and sewer serve the property.

The site encompasses 0.7 acres and includes driveway parking. The lease structure is modified gross.

Key Highlights

  • 2,701 square feet in total, including 1,700 square feet of office and reception area
  • 1,000‑square‑foot service garage with an overhead door
  • 0.7‑acre site with driveway parking

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Flex space

Lease Details

1
Drive-in doors
Modified Gross
Lease Type

Location Intelligence

Trade Area within ½ mile

201
Businesses Nearby
Under-served
Demand for This Use

Demographics for 48906, MI

25,674
Population
12,180
Households
2.1
Avg Household Size
37
Median Age
29%
College-Educated
91%
High-School Grad
32.5 sq mi
ZIP Area
790
Density / Sq Mi
$61,533
Median Household Income
$38,551
Median Earnings
$1,033
Median Rent
$128,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Lansing, MI

$11.76 /SF/Yr
Avg Asking Price
$6–$25.98 /SF/Yr
Price Range
20,732 SF
Avg Space Size

This space is priced 2% above the average of $11.76 /SF/Yr.

Average Price Trend$/SF/Yr for Flex space in Lansing, MI

$21.83 Jul
$10.65 Aug
$11.53 Sep
$11.76 Oct

Properties on Market for Flex space in Lansing

Jul
Aug
Sep
Oct

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025

Frequently Asked Questions

What type of property is this?
Flex space - Office and reception areas pair with a dedicated garage under a modified gross lease.
Where is this flex space located?
The property is located at 15820 Old U.s 27 Lansing, MI.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: 2,701 square feet in total, including 1,700 square feet of office and reception area; 1,000‑square‑foot service garage with an overhead door; 0.7‑acre site with driveway parking
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