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Property profile & analytics

3495 Coolidge Rd East Lansing, MI 48823-6374

  • Office buildings
  • 13,144 SF
  • 1.54 lot acres
OFF-MARKET
Value Estimations
$690,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US43-1252602
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • HRC Hotels, LLC / Hotel
  • Retirement Options / Insurance Agency
  • Hall & Romkema / Bookkeeping Service

Property Details for 3495 Coolidge Rd

Year built
2002
Lot size
1.54 lot acres
Property size
13,144 SF
Zone code
B4
Property type
Office buildings
APN
33-20-01-02-226-011
APU
33200102226011

Description

This exceptional East Lansing office building, located at 3495 Coolidge Rd, presents a compelling investment opportunity. The property, situated on a 1.54-acre lot in Ingham County (APN 33-20-01-02-226-011), boasts 13,144 square feet of space within a single, one-story Class B building constructed in 2002. Currently, the building has a 47% occupancy rate, distributed across two suites. Suite 3495 encompasses 7,004 square feet, while Suite 3497 offers 6,140 square feet. The property is zoned B-4 Office and includes ample parking with 58 spaces. The building's layout is well-suited for a variety of office uses, making it an attractive option for both owner-occupiers and investors. The asking price is $2,100,000. This represents a significant opportunity to acquire a well-located office building in a thriving East Lansing business corridor, offering potential for increased occupancy and strong rental income. The modified lease type and multi-tenancy structure provide flexibility and income diversification. The property's location in the Lake Lansing Road business corridor offers excellent visibility and accessibility. This is a rare opportunity to acquire a substantial office building in a desirable location.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Estimation
    $625,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $800,000
    6.5%
    $830,000
    7%
    $765,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $780,000
    Geo Method
    $810,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $805,000
    Retail
    $880,000
    Mixed-Use
    $695,000
    Hospitality
    $810,000
    Educational
    $805,000
    Residential Income
    $900,000
    Energy
    $660,000
    Income-Based Land
    $745,000
    Food Service
    $755,000

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
East Lansing
County
Ingham
State
Michigan
Longitude
-84.5037
Latitude
42.7692
CBSA code
29620
CBSA name
LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2019
$40,816
$161,000
$441,200
$602,200
-
$322,000
$882,400
$1,204,400
More about this property
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