Professional Office
For Sale
$420,000
3448 E Lake Lansing Road, East Lansing, MI 48823
Commercial Sale, East Lansing, MI
Property Size2,487 SF
Lot Size0.02 Acres
Price / SF$168.88
Days on Market125
Property Features for 3448 E Lake Lansing Road
General Information
Property type
Commercial Sale
Property subtype
Office
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Basement
Interior features
Broadband
Subdivision
Gaslight Village
Elementary school district
East Lansing
Middle school district
East Lansing
High school district
East Lansing
Standard status
Active
APN
33-20-02-06-301-103
Size
2,487 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
UNIT # 3 GASLIGHT VILLAGE OFFICE CONDOMINIUM
Tax Annual Amount
5862
Legal Description
UNIT # 3 GASLIGHT VILLAGE OFFICE CONDOMINIUM
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
2005
Number of units
1
Building materials
Wood Siding
Roof type
Composition
Listing Agency:
eXp Realty, LLC
(888) 501-7085
Listed By:
Jennifer Worthington
(517) 798-4035
Added: Jun 4
Changed: Sep 24
Last Checked: Oct 6 at 4:06AM
MLS# 26031556
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,487-square-foot office condominium, built in 2005, provides nine private offices along with a reception area, kitchen, bathrooms, basement space, and elevator access. Expansive windows and a rear deck face a wildlife preserve, adding a quiet outdoor outlook to the professional setting. The property includes central air, forced-air heating, broadband, cable availability, wood siding, and a composition roof.
Located at 3448 E Lake Lansing Road in East Lansing, the property offers access to major thoroughfares, shopping, dining, MSU, and the greater Lansing market. The site combines a dedicated office configuration with convenient access to the surrounding commercial area.
Located at 3448 E Lake Lansing Road in East Lansing, the property offers access to major thoroughfares, shopping, dining, MSU, and the greater Lansing market. The site combines a dedicated office configuration with convenient access to the surrounding commercial area.
Key Highlights
- 2,487‑square‑foot office condominium built in 2005
- Nine private offices plus reception, kitchen, bathrooms, basement, and elevator access
- Rear deck and expansive windows overlook a wildlife preserve
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,977
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$419,540
$419.5K
Cap Rate 7%
$299,671
$299.7K
Cap Rate 9%
$233,078
$233.1K
Market Conditions
NOI Build-Up for 2,487 SF
Gross rent
$35.8K $14.40/SF
− Vacancy
−$7.8K −$3.15/SF
EGI
$28.0K $11.25/SF
− OpEx
−$7.0K −$2.81/SF
NOI
$21.0K $8.43/SF
Area
Ingham County, MI
Vacancy
21.90%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$419,540
Cap Rate 7%
$299,671
Cap Rate 9%
$233,078
Alternative Uses
Best Use
Office B
$299.7K
$262.2K – $349.6K
NOI $20,977 @ 7.0% cap · market cap 4.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$399.6K
$349.6K – $466.2K
NOI $27,970 @ 7.0% cap · market cap 6.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Office units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
584
Businesses Nearby
Explore this area
Business Placement
Demographics for 48823, MI
51,793
Population
23,757
Households
2.2
Avg Household Size
28
Median Age
64%
College-Educated
98%
High-School Grad
23.6 sq mi
ZIP Area
2,195
Density / Sq Mi
$50,837
Median Household Income
$19,837
Median Earnings
$1,127
Median Rent
$261,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office units - Well-maintained office condominium with nine private offices, a reception area, kitchen, elevator access, and a rear deck.
Where is this office units located?
The property is located at 3448 E Lake Lansing Road East Lansing, MI.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: 2,487‑square‑foot office condominium built in 2005; Nine private offices plus reception, kitchen, bathrooms, basement, and elevator access; Rear deck and expansive windows overlook a wildlife preserve
