702 Lake Lansing Rd East Lansing, MI 48823
- Medical offices
- 18,252 SF
- 4.86 lot acres
Current Use by Public Records
- Lansing Ophthalmology: Bueche Michael MD / Doctor
- Burnett David OD / Optometrist
- Lansing Ophthalmology: Doshi James MD / Ophthalmologist
- Lansing Ophthalmology: Biscette O'Neil MD / Ophthalmologist / Optometrist
- Lansing Ophthalmology: Mackersie Deborah MD / Ophthalmologist
Property Details for 702 Lake Lansing Rd
- Year built
- 1991
- Lot size
- 4.86 lot acres
- Property size
- 18,252 SF
- Zone code
- B4
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 33-20-01-01-400-016
- APU
- 33200101400016
Description
This exceptional 5,000-square-foot medical office space is situated in a prime East Lansing location at 702 W Lake Lansing Rd, 48823, Ingham County, Michigan. The first-floor space offers excellent window exposure and is ready for tenant build-out to meet specific needs. An improvement allowance is available, along with professional space planning assistance. The building itself, constructed in 1991, totals 18,252 square feet and sits on a 4.86-acre lot. The property boasts ample parking with approximately 62 on-site spaces and a 45 KW generator ensuring full building operation. Its high-profile location on Lake Lansing Road near Harrison Road provides excellent visibility and accessibility. The single-tenant occupancy building offers a unique opportunity for medical professionals seeking a well-equipped and conveniently located space. This is a fantastic opportunity to establish or expand your medical practice in a thriving East Lansing community.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $685,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $880,000
- 6.5%
- $1,000,000
- 7%
- $930,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $995,000
- Geo Method
- $1,065,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,065,000
- Retail
- $895,000
- Mixed-Use
- $885,000
- Hospitality
- $790,000
- Educational
- $1,055,000
- Residential Income
- $870,000
- Energy
- $810,000
- Income-Based Land
- $960,000
- Food Service
- $1,055,000
Location Insight
- Map
- Local Demand
- City
- East Lansing
- County
- Ingham
- State
- Michigan
- Longitude
- -84.4923
- Latitude
- 42.7611
- CBSA code
- 29620
- CBSA name
- LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
