3495 Coolidge Rd East Lansing, MI 48823-6374
- Office buildings
- 13,144 SF
- 1.54 lot acres
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
-
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
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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