2853 Jolly Rd Okemos, MI 48864
- Office buildings
- 9,654 SF
- 1.34 lot acres
Current Use by Public Records
- Motembo Fine Foods LLC / Food Manufacturing Supply
- Michigan Association For Pupil Transportation / Non-Profit Organization
- Future Media Corporation / Website Designer / Advertising Agency
Property Details for 2853 Jolly Rd
- Year built
- 1987
- Lot size
- 1.34 lot acres
- Property size
- 9,654 SF
- Zone code
- I-1
- Property type
- Office buildings
- APN
- 33-06-06-05-101-004
- APU
- 33060605101004
Description
This exceptional 9,654 square foot office building in Okemos, MI, presents a unique investment opportunity. Located at 2853 Jolly Road, Unit 2853, the property sits on a 1.34-acre lot and boasts a park-like setting with mature landscaping. The building currently houses Future Media Corporation, a thriving broadcast-quality media, video, and events production company, which is included in the asking price of $1,200,000. This turnkey operation includes all equipment and an established client base. The building itself features a state-of-the-art full production studio/soundstage, ideal for continued media production or adaptable to other uses. Three separate suites, each with its own utilities and HVAC systems, offer flexibility for independent rental spaces, generating additional income streams. Ample parking is available, accommodating up to 50 vehicles. The property is offered as a complete package including the business, or the building can be purchased separately. This presents a rare chance to acquire a well-established business and a versatile commercial property in a desirable location. The sale includes all existing equipment and the current business's client list. The property's attractive setting and functional design make it an ideal investment for a variety of uses.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $455,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $670,000
- 6.5%
- $590,000
- 7%
- $580,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $610,000
- Geo Method
- $605,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $520,000
- Retail
- $635,000
- Mixed-Use
- $650,000
- Hospitality
- $570,000
- Educational
- $510,000
- Residential Income
- $595,000
- Energy
- $600,000
- Income-Based Land
- $620,000
- Food Service
- $570,000
Location Insight
- Map
- Local Demand
- City
- Okemos
- County
- Ingham
- State
- Michigan
- Longitude
- -84.4551
- Latitude
- 42.6807
- CBSA code
- 29620
- CBSA name
- LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA