Lansing Office Space For
For Sale
Contact for pricing
300 S Washington Square, Lansing, MI 48933
Office space with easy access to major highways and amenities.
Property Size126,856 SF
Days on Market192
Property Features for 300 S Washington Square
General Information
Standard status
Active
Size
126,856 SF
Class
A
Property subtype
Office
Lease Term
NNN; MG
Building Details
Building Size
126,856 SF
Year Built
1935
Properties For Sale
at 300 S Washington Square Contact us| Name | Size | Type | Rate | Availability | |
|---|---|---|---|---|---|
| 100 | 3,611 SF | Street Retail | — | — | Contact us |
| 110 | 2,556 SF | Street Retail | — | — | Contact us |
| 120 | 7,868 SF | Street Retail | — | — | Contact us |
| 215 | 2,978 SF | Office Building | — | — | Contact us |
| 300 | 18,330 SF | Office Building | — | — | Contact us |
| 315 | 2,980 SF | Office Building | — | — | Contact us |
| 325 | 3,599 SF | Office Building | — | — | Contact us |
| 405 | 2,680 SF | Office Building | — | — | Contact us |
| 425 | 3,608 SF | Office Building | — | — | Contact us |
| 430 | 2,333 SF | Office Building | — | — | Contact us |
| 435 | 2,557 SF | Office Building | — | — | Contact us |
| L-20 | 2,218 SF | Office Building | — | — | Contact us |
| L-30 | 14,209 SF | Street Retail | — | — | Contact us |
| M-10 | 4,483 SF | Office Building | — | — | Contact us |
| M-20 | 1,722 SF | Office Building | — | — | Contact us |
| M-40 | 2,457 SF | Office Building | — | — | Contact us |
Show all 16 spaces
Listing Agency:
Eyde Development
Listed By:
Evemarie Eyde
(203) 570-0727
Source:
Eyde
Added: Apr 8
Changed: Oct 7
Last Checked: Oct 14 at 9:29PM
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 Eyde Development
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial real estate offers office units and spaces for sale. The property benefits from its convenient location with easy access to I-496, US 127, and I-96. It is situated close to the State Capitol, Cooley Law School, Davenport University, and Lansing Community College. The location provides close proximity to restaurants, gyms, dry cleaners, grocery stores, and retail establishments. The lease type is modified gross.
Key Highlights
- Easy access to I‑496, US 127 & I‑96.
- Close proximity to the State Capitol.
- Close to Cooley Law School, Davenport University and Lansing Community College.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,223,907
Suggested Prices Based on Cap Rates
Cap Rate 5%
$24,478,140
$24.5M
Cap Rate 7%
$17,484,386
$17.5M
Cap Rate 9%
$13,598,967
$13.6M
Market Conditions
NOI Build-Up for 126,856 SF
Gross rent
$2.04M $16.08/SF
− Vacancy
−$408.0K −$3.22/SF
EGI
$1.63M $12.86/SF
− OpEx
−$408.0K −$3.22/SF
NOI
$1.22M $9.65/SF
Area
Lansing, MI
Vacancy
20.00%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$24,478,140
Cap Rate 7%
$17,484,386
Cap Rate 9%
$13,598,967
Alternative Uses
Best Use
Office B
$17.48M
$15.30M – $20.40M
NOI $1,223,907 @ 7.0% cap · market cap 5,321,334.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$26.11M
$22.85M – $30.46M
NOI $1,827,859 @ 7.0% cap · market cap 7,947,213.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,366
Businesses Nearby
Explore this area
Business Placement
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office units - Office space with easy access to major highways and amenities.
Where is this office units located?
The property is located at 300 S Washington Square Lansing, MI.
What are key features of this property?
This property features: Easy access to I‑496, US 127 & I‑96.; Close proximity to the State Capitol.; Close to Cooley Law School, Davenport University and Lansing Community College.
