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    507 Grand River Ave East Lansing, MI 48823

    Sponsored
    For Lease
    $10 SF/Yr ($8,891 /Mo)

    Downtown East Lansing Office - 2,000 SF Available

    Lot size:
    10,670 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional professional office space, located at 507 1/2 E Grand River Avenue in East Lansing, Michigan, 48823, offers a fantastic opportunity for businesses seeking a prime location. The building, constructed in 1965, boasts a total of 10,670 square feet spread across two stories. Currently, 2,000 square feet of contiguous office space is immediately available for lease. The maximum contiguous space available is also 2,000 square feet. The property is zoned for office use and features a convenient location directly across from the Michigan State University campus. This makes it ideal for businesses catering to students, faculty, or the broader university community. The lease is a gross lease, meaning all utilities are included in the $10 per square foot rental rate. The space is highly flexible, allowing for individual offices or various combinations to suit specific business needs. While the building offers only one parking space, its central location provides easy access to public transportation and other parking options. This affordable and versatile office space presents a unique opportunity to establish a thriving business in a vibrant and sought-after location. The property is situated near the intersection of Grand River Avenue and Bailey Street.

    Property Features for 507 Grand River Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,670 SF
    Total Rate
    8891.67

    Building Details

    Year Built
    1965
    Stories
    2

    Unit(s) available at that property

    Space
    2nd Floor
    Size
    2,000 SF
    Rate per SF
    $10

    HighLights

    • 2,000 SF of contiguous, second‑floor office space available for lease in East Lansing, MI, directly across from Michigan State University.
    • Gross lease at $10/SF, all utilities included.
    • Highly flexible space, adaptable to various office configurations.
    Property Profile Location Intelligence

    Current Use by Public Records

    PayEye Payment Terminal Grand River Barber ... Barber Shop Fariba Fashion House ... Clothing Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -84.448772
    Latitude
    42.758734

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    FAQs

    What type of property is this?
    Office Property / Space - Downtown East Lansing Office - 2,000 SF Available
    Where is this office property / space located?
    The property is located at 507 Grand River Ave East Lansing, MI.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: 2,000 SF of contiguous, second-floor office space available for lease in East Lansing, MI, directly across from Michigan State University.; Gross lease at $10/SF, all utilities included.; Highly flexible space, adaptable to various office configurations.
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    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
    507 Grand River Ave East Lansing, MI 48823
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