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    1504 Grand River Ave East Lansing, MI 48823

    Sponsored
    For Lease
    $22 SF/Yr

    Prime Office Space near MSU, ample parking.

    Lot size:
    17,434 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional two-story, Class B office building, located at 1504 E Grand River Ave in East Lansing, MI 48823, presents a unique investment opportunity. Boasting a total of 17,434 square feet across six suites, this 2002-built property sits on a sizable 30,406 square foot lot. Its strategic location at the hard corner of Hagadorn and Grand River provides excellent visibility and accessibility, benefiting from a high daily traffic count of 23,115 vehicles. The building's traditional office layout is ideal for a variety of businesses, and its proximity to Michigan State University, downtown East Lansing, Trader Joe's, and Whole Foods ensures high foot traffic and convenient access to amenities. The property features ample on-site parking, catering to both employees and clients. The zoning is RM32, and the APN is 33-20-02-17-304-001. Currently, there is 2,847 square feet of newly built-out office space available. Flexible lease terms are available. This property offers a compelling combination of location, size, and amenities, making it an attractive option for businesses seeking a thriving and convenient location in East Lansing. The building consists of one structure with two stories.

    Property Features for 1504 Grand River Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    17,434 SF
    Class
    B
    Total Rate
    31962.33

    Building Details

    Year Built
    2002
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Suite 202
    Size
    2,847 SF
    Rate per SF
    $22

    HighLights

    • High‑visibility corner lot at Hagadorn and Grand River Ave (M‑43).
    • 2002 construction.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rick J. Smith, ... Medical Spa United Resiliency Center Community Center Lindsay Solgat, MA Plastic Surgeon Kathy Kuehne, LE Laser Hair Removal Service Lisa Allen, RN Plastic Surgeon

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    East Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.46176382
    Latitude
    42.7292774

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Office Space near MSU, ample parking.
    Where is this office property / space located?
    The property is located at 1504 Grand River Ave East Lansing, MI.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: High-visibility corner lot at Hagadorn and Grand River Ave (M-43).; 2002 construction.;
    Request Owner's contact information
    1504 Grand River Ave East Lansing, MI 48823
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1504 Grand River Ave East Lansing, MI 48823
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