Lansing Office Building For
521 E Jolly Rd Lansing, MI 48910
For Sale
$289,000
2,500 SF office building in Lansing, MI for sale.
Property Size2,500 SF
Price / SF$115.60
Days on Market154
Property Features for 521 E Jolly Rd
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Office
Building Details
Year Built
1972
Listing Agency:
NAI Mid-Michigan
(517) 281-5800
Listed By:
Jerome Abood
(517) 281-5800
Source:
Naiglobal
Added: Feb 26
Changed: Jul 10
Last Checked: Jul 10 at 1:13PM
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 NAI Mid-Michigan
Investment Insights
Based on property information with market context.
This 2,500 square foot office building, constructed in 1972, is located at 521 E Jolly Rd in Lansing, MI. The property is zoned MX-2, offering versatile investment potential. The location is a high traffic corner with an average annual daily traffic of over 24,000. The property is approved for a used car lot and is suitable for office use. This well-maintained building is situated in a thriving business district.
Key Highlights
- Strategic location in the heart of Lansing.
- MX‑2 zoning offers versatile investment potential.
- High traffic corner with 24,000+ AADT.
Financial Insights For Office B
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 | $40.2k | $16.08 |
| − Vacancy | −$8.0k | −$3.22 |
| EGI | $32.2k | $12.86 |
| − OpEx | −$8.0k | −$3.22 |
| NOI | $24.1k | $9.65 |
2,500 SF · lease $16.08/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$344.6K
$301.5K – $402.0K
NOI $24,120 @ 7.0% cap · market cap 8.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$514.6K
$450.3K – $600.4K
NOI $36,022 @ 7.0% cap · market cap 12.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - 2,500 SF office building in Lansing, MI for sale.
Where is this office building located?
The property is located at 521 E Jolly Rd Lansing, MI.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: Strategic location in the heart of Lansing.; MX‑2 zoning offers versatile investment potential.; High traffic corner with 24,000+ AADT.
