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Medical Office Building For Sale
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1433 E Michigan Ave, Lansing, MI 48912

Medical office building with suites available in Lansing, Michigan.

Property Size5,747 SF
Lot Size0.56 Acres
Price / SF$94.83
Days on Market967

Property Features for 1433 E Michigan Ave

General Information

Standard status Active
Size 5,747 SF
Class C
Total Parking Spaces 36
Lot size 0.56 Acres
Property subtype Office
Zoning F-1 COM
Lease Type Modified Gross

Building Details

Year Built 1983
Buildings 1
Listing Agency: Martin Commercial Properties
Listed By: Eric Rosekrans · License #MI 6501153826
Source: Crexi
Added: Dec 27, 2023 Changed: Aug 10 Last Checked: Aug 20 at 12:51PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Martin Commercial Properties

Investment Insights

Based on property information with market context.

This 5,747 square foot building, constructed in 1983, is configured as three units and is ideal for an owner-occupier. Suites C and D can be easily combined. The property sits on a 0.56-acre site with a paved parking lot accommodating approximately 36 cars. The zoning is F-1 COM. Building signage is in place and could be expanded. The site offers high visibility from Michigan Avenue, with an access alleyway to Custer Avenue. The building features a central atrium with a decorative fountain, which also serves as an additional waiting room. Suite A and B offer 2,800 square feet with an x-ray room, Suite C offers 1,400 square feet, and Suite D offers 1,400 square feet. All suites have separate reception, exam/lab rooms with office space. The property is located on Michigan Avenue between Church of the Resurrection and Sparrow Health System, next to Fabiano Candies and Soup Spoon Cafe.

Key Highlights

  • Ideal owner/occupier building with 5,747 SF.
  • High visibility location on Michigan Avenue with building signage.
  • Paved parking lot for ±36 cars.

Property Analytics

Current Use

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

Top Pick (Bike/Boat/Book/etc) Store Daycare Center HVAC Service Real Estate Agency Veterinary Clinic Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,811
Businesses Nearby
Under-served
Demand for This Use

Demographics for 48912, MI

17,155
Population
9,064
Households
1.9
Avg Household Size
34
Median Age
40%
College-Educated
91%
High-School Grad
5.2 sq mi
ZIP Area
3,299
Density / Sq Mi
$53,072
Median Household Income
$34,598
Median Earnings
$1,037
Median Rent
$139,900
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Medical office building with suites available in Lansing, Michigan.
Where is this medical office space located?
The property is located at 1433 E Michigan Ave Lansing, MI.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: Ideal owner/occupier building with 5,747 SF.; High visibility location on Michigan Avenue with building signage.; Paved parking lot for ±36 cars.
(517) 351-2200 Call to check price and availability
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