Two-Level Office
New
For Sale
$197,000
724 Abbot Rd, East Lansing, MI 48823
The lower floor is leased month to month, while the upper floor offers two offices and open workspace.
Property Size1,310 SF
Price / SF$150.38
Days on Market4
Property Features for 724 Abbot Rd
General Information
Standard status
Active
Size
1,310 SF
Property subtype
Office
Zoning
B-1
Additional Details
Road Access
Yes
Tenant in Place
Yes
Property Use
Office
Amenities
ACD Fiber internet
Building Details
Building Size
1,310 SF
Year Built
1956
Listing Agency:
Martin Commercial Properties
Listed By:
Eric F. Rosekrans · License #6501153826
(517) 290-7606
Source:
Cpix.resimplifi
Added: Oct 28
Changed: Oct 29
Last Checked: Oct 30 at 10:41AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office condominium at 724 Abbot Road spans two levels. The 1,310 SF upper floor has two offices, a kitchenette, storage, and a large open area. The lower floor is slightly smaller and includes two offices, open space, and a reception area; it is occupied under a month-to-month lease. Building updates include an air conditioning system installed in 2026, a heating system replaced approximately five years earlier, and a roof membrane replacement in 2007. ACD Fiber internet serves the building, and doorstep parking is available on site.
Downtown East Lansing is less than half a mile away, with Michigan State University less than one mile to the south. Nearby community destinations include Hannah Community Center, All Saints Episcopal Church, East Lansing High School, and the East Lansing Public Library. The property is zoned B-1.
Downtown East Lansing is less than half a mile away, with Michigan State University less than one mile to the south. Nearby community destinations include Hannah Community Center, All Saints Episcopal Church, East Lansing High School, and the East Lansing Public Library. The property is zoned B-1.
Key Highlights
- Two‑level office condominium with 1,310 SF on the upper floor
- Upper floor includes two offices, kitchenette, storage, and open area
- Lower floor is slightly smaller, with two offices, open space, and reception area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,050
Cap Rate
5.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$221,000
$221.0K
Cap Rate 7%
$157,857
$157.9K
Cap Rate 9%
$122,778
$122.8K
Market Conditions
NOI Build-Up for 1,310 SF
Gross rent
$18.9K $14.40/SF
− Vacancy
−$4.1K −$3.15/SF
EGI
$14.7K $11.25/SF
− OpEx
−$3.7K −$2.81/SF
NOI
$11.0K $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%
$221,000
Cap Rate 7%
$157,857
Cap Rate 9%
$122,778
Alternative Uses
Best Use
Office B
$157.9K
$138.1K – $184.2K
NOI $11,050 @ 7.0% cap · market cap 5.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$210.5K
$184.2K – $245.6K
NOI $14,733 @ 7.0% cap · market cap 7.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,261
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - The lower floor is leased month to month, while the upper floor offers two offices and open workspace.
Where is this office unit located?
The property is located at 724 Abbot Rd East Lansing, MI.
What is the asking price?
The asking price for this property is $197,000.
What are key features of this property?
This property features: Two‑level office condominium with 1,310 SF on the upper floor; Upper floor includes two offices, kitchenette, storage, and open area; Lower floor is slightly smaller, with two offices, open space, and reception area
