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    1525 Watertower Pl East Lansing, MI 48823

    For Sale
    $390,000

    Prime 0.49 acre office lot, fully serviced.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 0.492-acre commercial land parcel, located at 1525 Watertower Place in East Lansing, Michigan (48823), presents a remarkable opportunity for immediate development. Situated within the prestigious Watertower Place office condo development, this lot is the last remaining site, offering unparalleled visibility and convenience. The property boasts a prime location at the entrance on Coolidge Road, ensuring maximum exposure for any new construction. All utilities are readily available, and a pre-installed parking lot eliminates significant upfront infrastructure costs. The site is zoned for office use and benefits from the efficient management of common area maintenance provided by the condominium association. Its strategic location in East Lansing, just north of Lake Lansing Road and easily accessible from US 127, provides excellent connectivity and accessibility. The property is offered fee simple with an asking price of $390,000 and the APN is 33-20-01-02-226-107. This is a truly unique opportunity to establish a presence in a thriving East Lansing business community. Don't miss this chance to acquire the last available lot in this highly sought-after development.

    Property Features for 1525 Watertower Pl

    General Information

    Property type
    Land
    Lot Size
    21,432 SF

    HighLights

    • 0.49‑acre commercial lot available for immediate development in East Lansing, MI.
    • Located at 1525 Watertower Place, the last remaining lot in a prestigious office condo development.
    • Prime Coolidge Road entrance location offers exceptional visibility.
    • Pre‑installed parking lot and readily available utilities minimize upfront costs.
    • Office zoning and efficient condo association management.
    • Excellent access to US‑127 and Lake Lansing Road.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop 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
    -84.504373
    Latitude
    42.766304

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    FAQs

    What type of property is this?
    Land - Prime 0.49 acre office lot, fully serviced.
    Where is this land located?
    The property is located at 1525 Watertower Pl East Lansing, MI.
    What is the asking price?
    The asking price for this property is $390,000.
    What are key features of this property?
    This property features: 0.49-acre commercial lot available for immediate development in East Lansing, MI.; Located at 1525 Watertower Place, the last remaining lot in a prestigious office condo development.; Prime Coolidge Road entrance location offers exceptional visibility.
    (517) 321-2800
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    1525 Watertower Pl 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
    1525 Watertower Pl East Lansing, MI 48823
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