Move-In Ready Professional Office
822 Centennial Way Lansing, MI 48917
822 Centennial Way, Lansing, MI, 48917
$1,195,000
For Sale
$1,195,000
Built in 1998 office suites with an open lobby, atrium, and on-site parking, suited for healthcare or general office use.
Property Size9,500 SF
Price / SF$125.79
Days on Market155
Property Features for 822 Centennial Way
General Information
- Standard status
- Active
- Size
- 9,500 SF
- Property subtype
- Multi Tenant Office
Listing agency
Martin Commercial Properties
(517) 351-2200
Listed by
Eric Rosekrans, CCIM, CPM
(517) 351-2200
Source
Thebrokerlist
Added: Feb 18 Updated: Jul 21 at 11:45PM Checked: Jul 23 at 2:37AM
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
Investment Insights
Based on property information with market context.
Capitol Commerce Center offers move-in ready professional office suites for sale, with available space ranging from 3,818 to 9,500 SF. The building, constructed in 1998, includes a large atrium and an open lobby, with convenient common-area restrooms. The exterior is landscaped and the property provides ample on-site parking, with rates noted at $15.00 to $17.00/SF on a modified gross basis.
Located at 822 Centennial Way in Lansing, the property is described as having easy access to major interstates, including being about 0.5 miles from I-496. It is also positioned minutes from the Saginaw retail corridor and the State Capitol.
Current occupants referenced include Rosati, Schultz, Joppich & Amtsbuechler and Edward Jones, reflecting an established professional tenant mix that may support both healthcare and general office use.
Located at 822 Centennial Way in Lansing, the property is described as having easy access to major interstates, including being about 0.5 miles from I-496. It is also positioned minutes from the Saginaw retail corridor and the State Capitol.
Current occupants referenced include Rosati, Schultz, Joppich & Amtsbuechler and Edward Jones, reflecting an established professional tenant mix that may support both healthcare and general office use.
Key Highlights
- 822 Centennial Way professional office suites built in 1998
- Large atrium and open lobby with convenient common‑area restrooms
- Space available: 3,818–9,500 SF for flexible suite sizing
Local Financial Insights For Healthcare Medical
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 | $182.4k | $19.20 |
| − Vacancy | −$14.6k | −$1.54 |
| EGI | $167.8k | $17.66 |
| − OpEx | −$67.1k | −$7.07 |
| NOI | $100.7k | $10.60 |
9,500 SF · lease $19.20/SF/yr · vacancy 8.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.44M
$1.26M – $1.68M
NOI $100,685 @ 7.0% cap · market cap 8.43%
Second Best
Office B
$1.31M
$1.15M – $1.53M
NOI $91,656 @ 7.0% cap · market cap 7.67%
Theoretical Best
Office A
$1.96M
$1.71M – $2.28M
NOI $136,885 @ 7.0% cap · market cap 11.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Rosati, Schultz, Joppich ...
Law Firm
Edward Jones - Financial ...
Financial Advisor
Landmark Health
Medical Group
Yeo & Yeo CPAs ...
Accounting Firm
Edward Jones
Financial Advisor
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Built in 1998 office suites with an open lobby, atrium, and on-site parking, suited for healthcare or general office use.
Where is this office units located?
The property is located at 822 Centennial Way Lansing, MI.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: 822 Centennial Way professional office suites built in 1998; Large atrium and open lobby with convenient common‑area restrooms; Space available: 3,818–9,500 SF for flexible suite sizing
