Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1433 Michigan Ave Lansing, MI 48912

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime Lansing location, 5,747 SF, high visibility.

    Lot size:
    5,747 SF

    Property Features for 1433 Michigan Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,747 SF
    Class
    C
    Total Rate
    8620.5

    Building Details

    Year Built
    1983

    Spaces For Lease

    at 1433 Michigan Ave, Lansing, MI 48912 Contact us
    Unit A&B

    $18 /Mo

    Size
    2,800 SF
    Contact us
    Unit C

    $18 /Mo

    Size
    1,400 SF
    Contact us
    Unit D

    $18 /Mo

    Size
    5,600 SF
    Contact us

    We can help!

    Listing Contact
    Eric Rosekrans
    Eric Rosekrans

    Listing Agency: Martin Commercial Properties Listing Agent: Eric Rosekrans

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional medical office building, situated at 1433 E Michigan Ave in Lansing, Michigan, presents a unique investment opportunity. The property, totaling 5,747 square feet, is conveniently located near Sparrow Hospital, offering immediate access to a substantial patient base. The building boasts 36 parking spaces, ensuring ample convenience for both staff and patients. Currently, 5,600 square feet of space is available for lease, offering significant potential for expansion or new tenancy. The building features multiple suites, each equipped with its own reception area, exam/lab rooms, and office space. Two suites (A & B) include a dedicated x-ray room, ideal for a variety of medical practices. Built in 1983, this Class C building sits on a 0.56-acre lot, providing ample space and visibility. The property is zoned F-1 COM and is located in Ingham County, with a convenient cross street access at Custer Ave. The address is 1433 E Michigan Ave, Lansing, MI 48912. This property offers a compelling combination of location, size, and existing infrastructure, making it an attractive option for medical professionals seeking a well-established presence in a thriving healthcare market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cardiology Group of Lansing Medical Clinic ABC Ob-Gyn Care Medical Clinic Stephanie Fleming Physician Emergency Dental Care Dental Office Dr. Haresh Jani Physician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.529823748074
    Latitude
    42.733540998582

    Nearby Similar for Lease

    • $750 /Mo
      13,912 SF

      Renovated Space in Moores Park

      Renovated office/retail space near Moores River Park. Utilities included.
      700 W Barnes Ave, Lansing, MI 48910
      View Details
    • $1,300 /Mo
      900 SF

      Retail Space in Lansing, MI

      Retail space for rent with high visibility and traffic.
      4405 S Martin Luther King Jr Blvd, Lansing, MI 48910
      View Details
    • $3,500 /Mo
      2,444 SF

      High-Visibility Lansing Restaurant Opportunity

      Freestanding restaurant space with drive-thru in high-traffic location.
      3122 S Martin Luther King Junior Blvd, Lansing, MI 48910
      View Details
    • $2,500 /Mo
      2,500 SF

      Lansing Office Space For Rent

      Office space available for lease in Lansing, Michigan.
      3911 W Michigan Ave, Lansing, MI 48917
      View Details
    • $1,600 /Mo
      2,500 SF

      High-Traffic Commercial Space Available

      Retail, office, or restaurant space in high-traffic Lansing location.
      3318 S Cedar St, Lansing, MI 48910
      View Details
    • $2,000 /Mo
      2,580 SF

      Commercial Building on Busy Corner

      Commercial building on a busy corner in Lansing, Michigan.
      1405 E Chavez Ave, Lansing, MI 48906
      View Details
    • $2,340 /Mo
      1,870 SF

      Lansing Office Suite For Lease

      Second-floor office suite with flexible space and ample parking.
      5123 St Joe Hwy W, Lansing, MI 48917
      View Details
    • $3,105 /Mo
      2,484 SF

      Spacious First-Floor Office Suite

      2484 SF office suite with flexible layout and ample parking.
      5123 St Joe Hwy W, Lansing, MI 48917
      View Details
    • $15 SF/Yr
      10,800 SF

      Downtown Lansing Commercial Space Available

      Restaurant-ready space near Capitol Complex in downtown Lansing.
      208 S Washington Sq Unit 1, Lansing, MI 48933
      View Details
    • Contact for pricing

      One Michigan Avenue

      All-inclusive access to workspace, virtual office and meeting rooms in 505 Montgomery
      120 Washington Ave, Lansing, MI 48933
      View Details
    • Contact for pricing

      MI, Lansing - Lake Lansing Rd

      Discover many ways to work your way in Brookfield Square
      2624 Lake Lansing Rd, Lansing, MI 48912
      View Details
    • Sponsored
      Contact for pricing

      MI, Lansing - S Capitol Ave

      Discover many ways to work your way in Downtown
      501 Capitol Ave, Lansing, MI 48933
      View Details

    FAQs

    What type of property is this?
    Medical office - Prime Lansing location, 5,747 SF, high visibility.
    Where is this medical office located?
    The property is located at 1433 Michigan Ave Lansing, MI.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Michigan Avenue & parking lot access; central atrium with fountain.; Three suites; Suites C & D easily combinable.; 1983 construction.
    (517) 351-2200 Call to check price and availability
    Request Owner's contact information
    1433 Michigan Ave Lansing, MI 48912
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1433 Michigan Ave
    Lansing, MI 48912
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    1433 Michigan Ave Lansing, MI 48912
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Eric Rosekrans
    Eric Rosekrans
    Real Estate License ID: 6501153826
    (517) 351-2200 (517) 319-9209
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!