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Office Suites Near State Capitol
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200 S Washington Sq, Lansing, MI 48933

Affordable office suites steps from the state capitol.

Space SizeContact for details
Property Size30,375 SF
Days on Market645

Property Features for 200 S Washington Sq

General Information

Standard status Active
Size 30,375 SF
Class B
Property subtype Office
Lease Type Gross

Building Details

Building Size 30,375 SF
Year Built 1923
Tenancy Multiple

Spaces For Lease

at 200 S Washington Sq Contact us

Office Suite

Type
Office
Lease Type
Gross
Availability
Active
Contact us
Listing Agency: NAI Mid-Michigan
Listed By: Jeffrey Branch · License #6506049327
Source: Crexi
Added: Nov 14, 2024 Changed: Aug 14 Last Checked: Aug 19 at 2:21AM

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 NAI Mid-Michigan

Investment Insights

Based on property information with market context.

Available for rent are affordable office suites situated near the state capitol and state offices. The property is located on the hard corner of Allegan and Washington Square, positioning it just one block from the State Capitol.

Key Highlights

  • Steps from the State Capitol
  • Close to state offices
  • Hard corner location

Property Analytics

Current Use

Firehouse Subs Downtown ... Take-out & Catering Liberty Mutual Car ... Financial Advisor MAACS Association / Organization Capitol Wealth Advisors Financial Advisor

Suggested Use

Top Pick Nail Salon Dental Office (Bike/Boat/Book/etc) Store Computer & Electronic Repair Electrical Service HVAC Service

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
$1.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,341
Businesses Nearby

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

$38.95 /SF/Yr
Avg Asking Price
$6.9–$294 /SF/Yr
Price Range
12,139 SF
Avg Space Size

This space is priced 69% below the average of $38.95 /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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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Affordable office suites steps from the state capitol.
Where is this office units located?
The property is located at 200 S Washington Sq Lansing, MI.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: Steps from the State Capitol; Close to state offices; Hard corner location
(517) 487-9222 Call to check price and availability
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