609 Jolly Rd, Unit 1 Lansing, MI 48910-6801
- Office buildings
- 2,546 SF
- 0.25 lot acres
Current Use by Public Records
- Gunsberg David w DPM / Podiatrist
- Growth & Change Ministries / Religious Organization
- Dr. Jonathan J. Bechtel, DDS / Dental Clinic / Dentist
- Bechtel Dentistry / Dental Clinic
- Avis & Ebony at Last Hair Salon / Beauty Salon
Property Details for 609 Jolly Rd
- Year built
- 1969
- Lot size
- 0.25 lot acres
- Property size
- 2,546 SF
- Zone code
- D-1 PRO
- Property type
- Office buildings
- APN
- 33-01-01-33-485-001
- APU
- 33010133485001
Description
This exceptional commercial condo at 609 E Jolly Road Unit 3, Lansing, MI, presents a unique investment opportunity. Spanning 3,526 square feet on a 0.26-acre lot, this property offers significant potential for both owner-occupancy and rental income generation. Currently configured as two suites (12A & 12B), the space is ideal for a business seeking to establish a strong presence while simultaneously leveraging additional income streams. One large unit is available, or the two suites can be utilized separately for increased revenue. The property boasts four bathrooms, providing ample convenience for employees and clients. A finished basement offers valuable extra storage space, enhancing the overall functionality of the building. Recent updates include a modernized HVAC system and updated ceiling tiles, ensuring efficient operation and a pleasant aesthetic. This prime Lansing location offers excellent visibility and accessibility, making it an attractive proposition for a wide range of businesses. The asking price is $160,000. Don't miss this chance to own your commercial space and secure a profitable investment. Schedule a showing today to explore the possibilities.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $135,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $125,000
- 6.5%
- $125,000
- 7%
- $115,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $130,000
- Geo Method
- $125,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $110,000
- Retail
- $115,000
- Mixed-Use
- $150,000
- Hospitality
- $150,000
- Educational
- $150,000
- Residential Income
- $140,000
- Energy
- $125,000
- Income-Based Land
- $130,000
- Food Service
- $115,000
Location Insight
- Map
- Local Demand
- City
- Lansing
- County
- Ingham
- State
- Michigan
- Longitude
- -84.545
- Latitude
- 42.6835
- CBSA code
- 29620
- CBSA name
- LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
