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    2859 Eyde Pkwy East Lansing, MI 48823

    Sponsored
    For Lease
    $17 SF/Yr

    Prime Office Building, Ample Parking

    Lot size:
    22,080 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional two-story office building, totaling 22,080 square feet, sits on a generous 2.43-acre lot in desirable East Lansing, offering ample free parking. Currently occupied by a single tenant, the space presents a unique opportunity for either a single large user or multiple smaller tenants, as the building is easily divisible. Located on Eyde Parkway, this property enjoys a highly convenient location near Michigan State University, off Hagadorn Road. Its strategic position provides easy access to a variety of amenities, including the Sparrow MI Athletic Club, Hannah Plaza, two hotels, and the Hannah Lofts and The Lodges residential communities, all within walking distance. The building's size and layout offer significant flexibility for businesses seeking a prominent presence in a thriving East Lansing location. The substantial land area provides ample room for expansion or future development. This property represents a rare opportunity to acquire a well-located, versatile office building in a highly sought-after area. The existing infrastructure and convenient location make this an ideal investment for businesses seeking a strong foothold in the East Lansing market. The potential for multiple tenants adds to the investment appeal, offering diverse income streams and long-term growth potential. This is a turnkey opportunity for immediate occupancy or redevelopment.

    Property Features for 2859 Eyde Pkwy

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    22,080 SF

    Unit(s) available at that property

    Space
    TBD
    Size
    22,080 SF
    Rate per SF
    $17

    HighLights

    • 22,080 square foot, two‑story office building.
    • Situated on a 2.43‑acre lot with ample free parking.
    • Currently occupied by a single tenant, but divisible for multiple tenants.
    • Located in East Lansing, near Michigan State University and Hagadorn Road.
    • Conveniently located near amenities including Sparrow MI Athletic Club, Hannah Plaza, two hotels, and residential communities.
    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
    -84.4565503
    Latitude
    42.7162707

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Office Building, Ample Parking
    Where is this office property / space located?
    The property is located at 2859 Eyde Pkwy East Lansing, MI.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: 22,080 square foot, two-story office building.; Situated on a 2.43-acre lot with ample free parking.; Currently occupied by a single tenant, but divisible for multiple tenants.
    Request Owner's contact information
    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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