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    425 Michigan Ave Buffalo, NY 14204

    Sponsored
    For Lease
    $12 SF/Yr

    Premium Buffalo Office Space Available

    Lot size:
    150,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Compass East, a Class A, 150,000 square foot office building located at 425 Michigan Ave in Buffalo, NY 14204, offers flexible executive office space for lease. This five-story building, originally constructed in 1979 and extensively renovated in 2015, sits on 8.7 acres of land in Erie County. The adaptive reuse project transformed the former Sheehan Memorial Hospital into a modern, energy-efficient facility featuring two elevators, new HVAC systems, energy-efficient windows, and LED lighting. Available space ranges from 1,805 to 50,000 contiguous square feet, with a total of 50,000 square feet currently vacant. The building boasts a diverse tenant mix, including Spectrum Cable, University Pediatric Dentistry, The McGuire Group's Training Center, and Buffalo State College, highlighting its prime location and appeal. Its convenient downtown Buffalo location provides easy access to the NYS Thruway I-190 and NY 33 Kensington Expressway, making commuting a breeze. Compass East is a recipient of the 2015 Best New Construction Development Project award in the Brick by Brick Awards, a testament to its high-quality construction and design. This mixed-use facility also offers options for professional office, high-tech manufacturing, medical office, conference space, retail, residential, STEM, educational, and engineering space.

    Property Features for 425 Michigan Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    150,000 SF
    Class
    A
    Total Rate
    150000

    Building Details

    Year Built/Renovated
    1979/2015
    Buildings
    1
    Stories
    5

    Unit(s) available at that property

    Space
    4th Floor
    Size
    6,200 SF
    Rate per SF
    $12

    HighLights

    • Class A office space; rent includes utilities and janitorial services.
    • Air conditioning, central heating, and energy‑efficient windows and LED lighting.
    • Secure storage, bicycle storage, and a security system.
    • Wi‑Fi, kitchen facilities, conference rooms, natural light, emergency lighting, reception area, and private restrooms.
    • Short commute times, large parking lot, and 24‑hour availability.
    • Atrium, conferencing facility, on‑site management, and signage.
    Property Profile Location Intelligence

    Current Use by Public Records

    University Pediatric Dentistry Orthodontist Dr. Alfonse J. ... Dentist Rebecca Waite, PharmD Pharmacy K W Textile ... Wholesaler Assembly Member Crystal ... State Government Office

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Buffalo
    County
    Erie
    State
    New York
    Longitude
    -78.866099
    Latitude
    42.883412

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    FAQs

    What type of property is this?
    Office Property / Space - Premium Buffalo Office Space Available
    Where is this office property / space located?
    The property is located at 425 Michigan Ave Buffalo, NY.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Class A office space; rent includes utilities and janitorial services.; Air conditioning, central heating, and energy-efficient windows and LED lighting.; Secure storage, bicycle storage, and a security system.
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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
    425 Michigan Ave Buffalo, NY 14204
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