2859 Eyde Pkwy East Lansing, MI 48823
- Office buildings
- 22,080 SF
- 2.43 lot acres
Current Use by Public Records
- Evolve Tele-Services, Inc. / Marketing Agency / Corporate Office
Property Details for 2859 Eyde Pkwy
- Year built
- 2002
- Lot size
- 2.43 lot acres
- Property size
- 22,080 SF
- Zone code
- RR
- Property type
- Office buildings
- APN
- 33-02-02-20-327-003
- APU
- 33020220327003
Description
This exceptional two-story office building, totaling 22,080 square feet, sits on a generous 2.43-acre lot in desirable East Lansing, offering ample free parking. Currently occupied by a single tenant, the space presents a unique opportunity for either a single large user or multiple smaller tenants, as the building is easily divisible. Located on Eyde Parkway, this property enjoys a highly convenient location near Michigan State University, off Hagadorn Road. Its strategic position provides easy access to a variety of amenities, including the Sparrow MI Athletic Club, Hannah Plaza, two hotels, and the Hannah Lofts and The Lodges residential communities, all within walking distance. The building's size and layout offer significant flexibility for businesses seeking a prominent presence in a thriving East Lansing location. The substantial land area provides ample room for expansion or future development. This property represents a rare opportunity to acquire a well-located, versatile office building in a highly sought-after area. The existing infrastructure and convenient location make this an ideal investment for businesses seeking a strong foothold in the East Lansing market. The potential for multiple tenants adds to the investment appeal, offering diverse income streams and long-term growth potential. This is a turnkey opportunity for immediate occupancy or redevelopment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $800,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,115,000
- 6.5%
- $1,080,000
- 7%
- $1,115,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,060,000
- Geo Method
- $1,020,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,185,000
- Retail
- $985,000
- Mixed-Use
- $1,225,000
- Hospitality
- $1,160,000
- Educational
- $1,005,000
- Residential Income
- $940,000
- Energy
- $1,020,000
- Income-Based Land
- $1,065,000
- Food Service
- $1,105,000
Location Insight
- Map
- Local Demand
- City
- East Lansing
- County
- Ingham
- State
- Michigan
- Longitude
- -84.4579
- Latitude
- 42.7182
- CBSA code
- 29620
- CBSA name
- LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
