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    2101 David St Lansing, MI 48912

    For Sale
    $995,000

    Prime Lansing location, office & warehouse space.

    Property size:
    11,648 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a combined 16,646 square feet of commercial space in Lansing, Michigan. The property comprises a 11,648 square foot Class B office building and a separate 4,998 square foot warehouse building, situated on a 1.61-acre lot. The buildings are located at 2101 Wood St. & 1807 David St., Lansing, MI 48912, in Ingham County. Constructed in 1970 and renovated in 1983, the property offers a blend of established infrastructure and potential for modernization. Currently, the property has a 43.33% occupancy rate, with an occupancy date of January 18, 2024. The asking price is $995,000, translating to a price per square foot of $85.42. The property is offered under a modified lease type with multi-tenancy. This presents a unique opportunity for investors seeking a mixed-use property with significant upside potential. The proposed split of the 1.61-acre lot allows for flexibility in future development or expansion. This property is ideal for an investor looking to capitalize on the Lansing market and benefit from the existing income stream while exploring future development possibilities. The location offers convenient access to major transportation routes and local amenities.

    Property Features for 2101 David St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    11,648 SF
    Class
    B
    Lot Size
    70,132 SF

    Building Details

    Year Built/Renovated
    1970/1983
    Buildings
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.5244717
    Latitude
    42.7555673

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Lansing location, office & warehouse space.
    Where is this office property / space located?
    The property is located at 2101 David St Lansing, MI.
    What is the asking price?
    The asking price for this property is $995,000.
    (517) 319-9209
    Request Owner's contact information
    2101 David St Lansing, MI 48912
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    Lansing, MI 48912
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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
    2101 David St Lansing, MI 48912
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