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Office Portfolio with Gated Parking
For Sale
$3,115,000

313 S Capitol Ave, Lansing, MI 48933

Two well-maintained office buildings offer open layouts, modern finishes, and private gated parking in downtown Lansing.

Property Size64,000 SF
Price / SF$48.67
Days on Market85

Property Features for 313 S Capitol Ave

General Information

Standard status Active
Size 64,000 SF
Total Parking Spaces 29
Property subtype Office
Zoning G-1

Building Details

Building Size 64,000 SF
Stories 2
Listing Agency: Martin Commercial Properties
Listed By: Van W. Martin
Source: Cpix.resimplifi
Added: Jun 8 Changed: Aug 29 Last Checked: Aug 30 at 1:07PM

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 Martin Commercial Properties

Investment Insights

Based on property information with market context.

This office portfolio comprises 313 S. Capitol Avenue and 330 S. Washington Square, with a combined property size of 64,000 square feet. Both buildings feature open floor plans, a modern appearance, and well-maintained interiors suited to a range of business uses. The property is zoned G-1.

The buildings are located in downtown Lansing, two blocks from the Michigan State Capitol and within walking distance of the CATA Transportation Center. The surrounding area includes state government offices and major employers, while private gated parking provides on-site parking capacity in the downtown setting. Nearby downtown projects include the Ovation Center and hotel development at the former City Hall site.

Key Highlights

  • 64,000‑square‑foot office portfolio comprising 313 S. Capitol Avenue and 330 S. Washington Square
  • Open floor plans with modern appearance and well‑maintained interiors
  • Private, gated parking included at both downtown office properties

Property Analytics

Current Use

Capitol View Apartments Apartment Complex Lansing Excavating Pros General Contractor Spalding DeDecker General Contractor

Suggested Use

Top Pick Dental Office Skin Care Clinic (Bike/Boat/Book/etc) Store Computer & Electronic Repair Furniture & Home Goods Electrical 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.

Location Intelligence

Trade Area within ½ mile

2,219
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

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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Frequently Asked Questions

What type of property is this?
Office building - Two well-maintained office buildings offer open layouts, modern finishes, and private gated parking in downtown Lansing.
Where is this office building located?
The property is located at 313 S Capitol Ave Lansing, MI.
What is the asking price?
The asking price for this property is $3,115,000.
What are key features of this property?
This property features: 64,000‑square‑foot office portfolio comprising 313 S. Capitol Avenue and 330 S. Washington Square; Open floor plans with modern appearance and well‑maintained interiors; Private, gated parking included at both downtown office properties
More about this property
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