Live-Work Office
4400 S MARTIN LUTHER KING JR BLVD Lansing, MI 48910
For Sale
Contact for pricing
Turnkey main-level office with five private rooms and a second-level loft accessed by a separate entrance.
Property Size2,048 SF
Price / SF$97.61
Days on Market100
Property Features for 4400 S MARTIN LUTHER KING JR BLVD
General Information
Standard status
Active
Size
2,048 SF
Property subtype
Retail, Office
Building Details
Year Built
1938
Listing Agency:
RE/MAX Commercial Group
(517) 321-2800
Listed By:
Matthew Wisniewski · License #MI 6501360426
Source:
Crexi
Added: Apr 21
Changed: Jul 22
Last Checked: Jul 28 at 5:19PM
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 RE/MAX Commercial Group
Investment Insights
Based on property information with market context.
Located on South Martin Luther King Jr. Blvd in the Lansing-East Lansing MSA, this property benefits from high visibility along an active transit corridor, with average daily traffic reported to exceed 20,000 vehicles. It also provides immediate accessibility to I-496 and I-96.
Inside, the main level is designed as a professional hub, with a reception area flowing into five private, light-filled offices. Updates include a modern, fully updated bathroom and vinyl and ceramic tile flooring intended for high-traffic durability. A second level is separately accessed and laid out as a loft-style space, with triple-coated ceramic tile and moisture- and mold-resistant 5/8" construction materials. The building is equipped with 150-amp electrical service and includes a clean Michigan basement for additional storage or utility needs.
The property is within Lansing’s form-based zoning code area, which emphasizes building physical form and allows for flexibility in use. The separate entrances support an owner-user setup with live-work operation or the option to lease spaces independently.
Inside, the main level is designed as a professional hub, with a reception area flowing into five private, light-filled offices. Updates include a modern, fully updated bathroom and vinyl and ceramic tile flooring intended for high-traffic durability. A second level is separately accessed and laid out as a loft-style space, with triple-coated ceramic tile and moisture- and mold-resistant 5/8" construction materials. The building is equipped with 150-amp electrical service and includes a clean Michigan basement for additional storage or utility needs.
The property is within Lansing’s form-based zoning code area, which emphasizes building physical form and allows for flexibility in use. The separate entrances support an owner-user setup with live-work operation or the option to lease spaces independently.
Key Highlights
- 1938‑built office/loft building on S Martin Luther King Jr. Blvd with average daily traffic over 20,000 vehicles.
- Main level includes a reception area plus five private offices and a fully updated modern bathroom.
- Second level loft‑style space accessed by a separate entrance with a renovated full bathroom.
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.4k | $16.80 |
| − Vacancy | −$5.2k | −$2.52 |
| EGI | $29.2k | $14.28 |
| − OpEx | −$11.0k | −$5.35 |
| NOI | $18.3k | $8.92 |
2,048 SF · lease $16.80/SF/yr · vacancy 15.00% · expense 37.50%
Alternative Uses
Best Use
Healthcare Medical
$310.1K
$271.3K – $361.8K
NOI $21,706 @ 7.0% cap · market cap 10.86%
Second Best
Office B
$282.3K
$247.0K – $329.3K
NOI $19,759 @ 7.0% cap · market cap 9.88%
Theoretical Best
Office A
$421.6K
$368.9K – $491.8K
NOI $29,509 @ 7.0% cap · market cap 14.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Live-work space - Turnkey main-level office with five private rooms and a second-level loft accessed by a separate entrance.
Where is this live-work space located?
The property is located at 4400 S MARTIN LUTHER KING JR BLVD Lansing, MI.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 1938‑built office/loft building on S Martin Luther King Jr. Blvd with average daily traffic over 20,000 vehicles.; Main level includes a reception area plus five private offices and a fully updated modern bathroom.; Second level loft‑style space accessed by a separate entrance with a renovated full bathroom.
