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    106 Allegan St Lansing, MI 48933

    Sponsored
    For Lease
    $20 SF/Yr

    Downtown Retail, High Traffic Area

    Lot size:
    93,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    The Hollister Building at 106 W. Allegan Street offers a prime retail opportunity in a high-traffic location. This multi-tenant building boasts a total of 93,000 square feet, with 1,485 square feet currently available for lease. The space is street-level, ensuring excellent visibility and pedestrian access. Ideal for a variety of retail or service businesses, the minimum leasable space is 1,035 square feet, while the maximum contiguous space available is 1,485 square feet. The building's strategic location benefits from a significant workforce within a three-mile radius, exceeding 96,000 employees. This presents a unique chance to tap into a large consumer base. The property is well-suited for businesses seeking high visibility and convenient access for customers. The available space is ready for immediate occupancy, providing a seamless transition for new tenants. This is an exceptional opportunity to establish a thriving business in a vibrant and densely populated area. The building's strong location and ample square footage make it an attractive option for businesses looking to expand or establish a new presence. Serious inquiries are encouraged to explore this exceptional retail space.

    Property Features for 106 Allegan St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    93,000 SF
    Total Rate
    155000

    Unit(s) available at that property

    Space
    Suite 108 (Ground Floor)
    Size
    1,485 SF
    Rate per SF
    $20
    Space
    Suite 120 (Ground Floor)
    Size
    1,035 SF
    Rate per SF
    $20

    HighLights

    • Retail property totaling 93,000 square feet.
    • Multiple suites available, ranging from 1,035 to 1,485 square feet.
    • Currently, 1,485 square feet of contiguous space is vacant.
    • High visibility location with strong pedestrian traffic.
    • Over 96,000 employees are located within a 3‑mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    RWC Advocacy Attorney Michigan Commission on Law ... Government Office Michigan Chapter - American ... Association Or Organization Michigan Council for Maternal ... Non-Profit Organization Deloitte Business Management Consultant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Eaton
    State
    Michigan
    Longitude
    -84.55294712
    Latitude
    42.73257524

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    FAQs

    What type of property is this?
    Retail property - Downtown Retail, High Traffic Area
    Where is this retail property located?
    The property is located at 106 Allegan St Lansing, MI.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: Retail property totaling 93,000 square feet.; Multiple suites available, ranging from 1,035 to 1,485 square feet.; Currently, 1,485 square feet of contiguous space is vacant.
    Request Owner's contact information
    106 Allegan St Lansing, MI 48933
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    Lansing, MI 48933
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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
    106 Allegan St Lansing, MI 48933
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