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    2859 Eyde Pkwy East Lansing, MI 48823

    Sponsored
    For Sale
    $1,795,000

    22,080 SF, Vacant, $1.795M

    Property size:
    22,080 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A office building, totaling 22,080 square feet, presents a unique investment opportunity in East Lansing, Michigan. Constructed in 2002, the two-story structure sits on a generous 2.43-acre lot, offering ample free parking. Currently vacant, this single-tenant building provides flexibility for a variety of uses, with the potential for division into multiple suites. The property boasts a desirable location on Eyde Parkway, conveniently situated near Michigan State University (MSU). Its prime location offers easy access to amenities such as the Sparrow MI Athletic Club, Hannah Plaza, two hotels, and the Hannah Lofts and The Lodges residential communities. The building is zoned for office use and features a modified lease type. The asking price is $1,795,000, translating to $81.30 per square foot. The property's address is 2859 Eyde Pkwy, East Lansing, MI 48823, and its APN is 33-02-02-20-327-003. This is an owner/user investment opportunity with significant potential for growth and return. The building's convenient location and ample parking make it an attractive option for businesses seeking a prominent presence in the thriving East Lansing market. The property is ready for immediate occupancy.

    Property Features for 2859 Eyde Pkwy

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    22,080 SF
    Class
    A
    Lot Size
    105,851 SF

    Building Details

    Year Built
    2002
    Stories
    2

    HighLights

    • Class A, 22,080 SF office building in East Lansing, MI.
    • Built in 2002, situated on a 2.43‑acre lot with ample free parking.
    • Currently vacant, single‑tenant building with potential for multi‑tenant conversion.
    • Located on Eyde Parkway, near MSU, offering easy access to amenities.
    • Zoned for office use, modified lease type, asking price $1,795,000 ($81.30/SF).
    • Address: 2859 Eyde Pkwy, East Lansing, MI 48823; APN: 33‑02‑02‑20‑327‑003.
    Property Profile Location Intelligence

    Current Use by Public Records

    Evolve Tele-Services, Inc. Marketing Agency

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    East Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.456243335964
    Latitude
    42.716567898018

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    FAQs

    What type of property is this?
    Office Property / Space - 22,080 SF, Vacant, $1.795M
    Where is this office property / space located?
    The property is located at 2859 Eyde Pkwy East Lansing, MI.
    What is the asking price?
    The asking price for this property is $1,795,000.
    What are key features of this property?
    This property features: Class A, 22,080 SF office building in East Lansing, MI.; Built in 2002, situated on a 2.43-acre lot with ample free parking.; Currently vacant, single-tenant building with potential for multi-tenant conversion.
    (517) 319-9209
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    2859 Eyde Pkwy 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
    2859 Eyde Pkwy East Lansing, MI 48823
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