Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1601 César E Chávez Ave Lansing, MI 48906
    Back to Search
    Property profile & analytics

    1601 César E Chávez Ave, Lansing, MI 48906

    View on Map
    • Office Spaces
    • 9,600 SF
    For Lease
    $14 SF/Yr
    View Listing →
    Lansing Office Space: Golf Course Views For Lease
    $14 SF/Yr

    Lansing Office Space: Golf Course Views

    Prime Lansing office space, stunning golf course views.

    1601 César E Chávez Ave, Lansing, MI 48906
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 1601 César E Chávez Ave

    Property type
    Office Spaces

    Description

    This exceptional two-story office building, located at 1601 E César E. Chávez Ave, Lansing, MI 48906, offers 5,000 to 9,600 square feet of flexible office space. Situated on a 0.56-acre lot, the building boasts abundant natural light and captivating views of the Groesbeck Golf Course. Its convenient location between Frandor and Downtown Lansing provides easy access to major thoroughfares, including Grand River Ave and Oakland Ave. The property is zoned F-COMM and features a split-level design, allowing for adaptable layouts to meet diverse business needs. The building's address is conveniently located near US-127, Michigan State University, downtown Lansing, and University of Michigan Health - Sparrow Hospital. The property's parcel number is 33-01-01-10-413-070. This multi-tenant building presents a unique opportunity for businesses seeking a prestigious and functional workspace with unparalleled views. The total building square footage is 9,600 square feet, offering a range of leasing options to accommodate various business sizes and requirements. The property's strategic location offers excellent visibility and accessibility, making it an ideal choice for businesses seeking a prominent presence in the Lansing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.5269
    Latitude
    42.7433

    Comparable in this City

    • Value Estimation by Request
      5,120 SF

      3800 Capital City Blvd

      Office Units
      3800 Capital City Blvd, Lansing, MI 48906
      View Details
    • Value Estimation by Request
      15,000 SF

      15851 Old Us 27

      Office Spaces
      15851 Old Us 27, Lansing, MI 48906
      View Details
    • Value Estimation by Request
      8,270 SF

      527 César E Chávez Ave

      Individual retail properties
      527 César E Chávez Ave, Lansing, MI 48906
      View Details
    • Value Estimation by Request
      5,622 SF

      610 Cesar E Chavez Ave

      Office Spaces
      610 Cesar E Chavez Ave, Lansing, MI 48906
      View Details
    • Value Estimation by Request
      2,705 SF

      1701 Turner Rd

      Retail properties & Spaces
      1701 Turner Rd, Lansing, MI 48906
      View Details
    • Value Estimation by Request
      576 SF

      3950 Grand Riv Ave

      OFFICE BUILDING
      3950 Grand Riv Ave, Lansing, MI 48906-2751
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,727 SF

      Mixed-Use Building in Old Town

      2,727 SF mixed-use property in Old Town Lansing.
      1031 N Washington Ave, Lansing, MI 48906
      View Details
    • $150,000

      Versatile Commercial Property in Lansing

      2,557 SF building on 0.558 acres, high-traffic location.
      719 North Larch St, Lansing, MI 48906
      View Details
    • $285,000

      Mixed-Use Building in Old Town

      Historic mixed-use property with office and residential units.
      1031 N Washington Ave, Lansing, MI 48906
      View Details
    • Contact for pricing
      2,964 SF

      Lansing Commercial Warehouse & Office

      Versatile commercial property with office and warehouse space.
      1422 Vermont Ave, Lansing, MI 48906
      View Details
    • Contact for pricing
      8,360 SF

      Warehouse/Office Space For Sale

      8,360 SF warehouse/office near Capital Region Airport.
      3850 Circle Dr, Lansing, MI 48906
      View Details
    • $285,000
      2,727 SF

      Mixed-Use Building in Old Town

      Historic mixed-use property with office and residential units.
      1031 N Washington Ave, Lansing, MI 48906
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      9,600 SF

      Lansing Office Space: Golf Course Views

      Prime Lansing office space, stunning golf course views.
      1601 César E Chávez Ave, Lansing, MI 48906
      View Details
    • Contact for pricing

      High Visibility Lansing Office Building

      Two-story office building with investment income and owner-user potential.
      741 N Cedar St, Lansing, MI 48906
      View Details
    • Contact for pricing

      Lansing Flex Space Available

      Updated flex space suitable for a variety of businesses.
      205 Bell St, Lansing, MI 48906
      View Details
    • $16 SF/Yr
      2,824 SF

      Turnkey Medical Office Building

      Renovated, all-brick office with six exam rooms, accessible restrooms, and dedicated patient flow features.
      1219 E Saginaw St, Lansing, MI 48906
      View Details
    • Contact for pricing

      Prime Old Town Office/Retail Space

      Renovated office/retail space in prime Old Town location.
      1213 Center St, Lansing, MI 48906
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1601 César E Chávez Ave
    Lansing, MI 48906
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1601 César E Chávez Ave, Lansing, MI, 48906
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!