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    FOR LEASE
    Office buildings

    315 W Lake Lansing Rd, East Lansing, MI 48823

    7,600 SF 2.79 ac lot Built 1999
    Entity Owned 5-yr Hold ~ Est. High Equity
    Property ID
    US43-0155645
    Property summary
    AI-generated overview

    This exceptional 7,500 square foot Class B office building, constructed in 2005, offers a variety of executive office suites for lease in East Lansing, Michigan. Located in Ingham County, near Michigan State University, this property boasts a prime location within the city's thriving office business district. The building is currently multi-tenant, with 4,839 square feet of vacant space available. Individual suites range from a minimum of 642 square feet to a maximum contiguous space of 2,579 square feet, providing flexibility for businesses of various sizes. The building's address is 315 W Lake Lansing Rd, East Lansing, MI 48823. This presents a unique opportunity for businesses seeking modern, well-located office space in a vibrant and convenient area. The building's traditional office layout offers a professional and functional workspace. The property's B classification reflects its solid construction and functional design, making it an attractive option for businesses seeking a balance of quality and affordability. Its proximity to Michigan State University provides access to a large talent pool and a dynamic community atmosphere. Interested parties are encouraged to inquire about available suite sizes and lease terms. The building offers a convenient and accessible location for employees and clients alike. This is an excellent opportunity to establish a presence in a desirable East Lansing business district.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1999
    Total area 7,600 SF
    Lot 2.79 ac (121,532 SF)
    Zoning code B4
    APN 33-20-01-01-408-025
    UPID US43-0155645
    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
    • W D Guerre & Associates Insurance Agency
    • Trillium Drivers Employment Agency
    • Caitlin Thompson Counselor
    • YP Marketing & Advertising Advertising Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $550k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $653k
    Blend (final) Blend
    $520k
    Owner & transaction history
    Asher IV Partners LLC · 5 yrs held
    Asher IV Partners LLC
    since 2020
    Last sale
    $425,500
    4 recorded transactions
    2020
    $425,500
    1999
    1969
    1969
    Zoning & alternative use
    B4 · East Lansing, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $765,000 +1.6%
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    More about this property
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