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    221 Lake Lansing Rd East Lansing, MI 48823

    Sponsored
    For Lease
    $15 SF/Yr ($9,843 /Mo)

    Prime Medical Office Suites Available Now

    Lot size:
    7,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 7,500 square foot Class B medical office building, located at 221 W. Lake Lansing Rd, Suite 300, in East Lansing, Michigan, presents a unique investment opportunity. Situated in the desirable Asher Court Office Park, this property offers multiple suites, with a minimum divisible space of 2,284 square feet and a maximum contiguous space of 3,927 square feet. Currently, 6,211 square feet is available for lease. The building features a total of two suites, providing flexibility for various medical practices or healthcare-related businesses. Ample free parking is provided for tenants and their clients. The property is conveniently located in Ingham County, with easy access to major roadways and local amenities. The lease rate is $15.75 per square foot, modified gross, and lease terms are negotiable. This presents a compelling opportunity to establish or expand a medical practice in a thriving East Lansing location. The property's zip code is 48823. This is a fantastic opportunity to secure a well-located, functional medical office space in a highly sought-after area.

    Property Features for 221 Lake Lansing Rd

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,500 SF
    Class
    B
    Total Rate
    9843.75

    Unit(s) available at that property

    Space
    Suite 300
    Size
    2,284 SF
    Rate per SF
    $15
    Space
    Suite 100
    Size
    3,927 SF
    Rate per SF
    $15

    HighLights

    • 7,500 SF Class B medical office building in East Lansing, MI, offering 6,211 SF available for lease.
    • Suite 100: Available 1/1/2025, includes partial basement.
    • Suite 300: Ideal medical suite with 434 SF mezzanine.
    • Corner location at Abbot Rd and W. Lake Lansing Rd.
    • Close proximity to Michigan State University and US‑127.
    • Ample free parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Greater Lansing Surgical: ... Surgeon Greater Lansing Surgical Surgical Center Dr. Mujahed M. ... Infectious Disease Physician Astral Compass Tattoo ... Tattoo Artist ZenfinityDesigns® Artist

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    East Lansing
    County
    Ingham county
    State
    Michigan
    Longitude
    -84.4860398
    Latitude
    42.7582131

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    FAQs

    What type of property is this?
    Medical office - Prime Medical Office Suites Available Now
    Where is this medical office located?
    The property is located at 221 Lake Lansing Rd East Lansing, MI.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 7,500 SF Class B medical office building in East Lansing, MI, offering 6,211 SF available for lease.; Suite 100: Available 1/1/2025, includes partial basement.; Suite 300: Ideal medical suite with 434 SF mezzanine.
    Request Owner's contact information
    221 Lake Lansing Rd East Lansing, MI 48823
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    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
    221 Lake Lansing Rd East Lansing, MI 48823
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