1504 Grand River Ave East Lansing, MI 48823
- Medical offices
- 17,434 SF
- 0.67 lot acres
Current Use by Public Records
- Rick J. Smith, MD - East Lansing, MI / Medical Spa / Plastic Surgeon
- United Resiliency Center / Community Center
- Lindsay Solgat, MA / Plastic Surgeon
- Kathy Kuehne, LE / Laser Hair Removal Service
- Lisa Allen, RN / Plastic Surgeon
Property Details for 1504 Grand River Ave
- Year built
- 2000
- Lot size
- 0.67 lot acres
- Property size
- 17,434 SF
- Zone code
- RM32
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 33-20-02-17-304-001
- APU
- 33200217304001
Description
This exceptional two-story, Class B office building, located at 1504 E Grand River Ave in East Lansing, MI 48823, presents a unique investment opportunity. Boasting a total of 17,434 square feet across six suites, this 2002-built property sits on a sizable 30,406 square foot lot. Its strategic location at the hard corner of Hagadorn and Grand River provides excellent visibility and accessibility, benefiting from a high daily traffic count of 23,115 vehicles. The building's traditional office layout is ideal for a variety of businesses, and its proximity to Michigan State University, downtown East Lansing, Trader Joe's, and Whole Foods ensures high foot traffic and convenient access to amenities. The property features ample on-site parking, catering to both employees and clients. The zoning is RM32, and the APN is 33-20-02-17-304-001. Currently, there is 2,847 square feet of newly built-out office space available. Flexible lease terms are available. This property offers a compelling combination of location, size, and amenities, making it an attractive option for businesses seeking a thriving and convenient location in East Lansing. The building consists of one structure with two stories.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $585,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $775,000
- 6.5%
- $690,000
- 7%
- $725,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $780,000
- Geo Method
- $685,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $735,000
- Retail
- $640,000
- Mixed-Use
- $665,000
- Hospitality
- $730,000
- Educational
- $840,000
- Residential Income
- $770,000
- Energy
- $825,000
- Income-Based Land
- $875,000
- Food Service
- $630,000
Location Insight
- Map
- Local Demand
- City
- East Lansing
- County
- Ingham
- State
- Michigan
- Longitude
- -84.4617
- Latitude
- 42.7288
- CBSA code
- 29620
- CBSA name
- LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
