2520 Jolly Rd Lansing, MI 48911
- Commercial real estate
- 8,965 SF
- 1.74 lot acres
Current Use by Public Records
- Doctors of Physical Therapy / Physical Therapy Clinic
- Curtis Wood / Occupational Therapist
- Leo's Coney Island / Restaurant
Property Details for 2520 Jolly Rd
- Year built
- 2022
- Lot size
- 1.74 lot acres
- Property size
- 8,965 SF
- Zone code
- C-3
- Property type
- Commercial real estate
- APN
- 33-25-05-02-126-003
- APU
- 33250502126003
Description
This exceptional retail opportunity is located at 2520 E Jolly Rd, Lansing, MI 48911. The property, known as Lansing Commons, is a multi-tenant retail development offering a total of 6,800 square feet. Currently, 4,547 square feet of prime retail space is available for lease. This presents a unique chance to establish or expand your business in a vibrant area of Lansing. The property benefits from excellent visibility and accessibility due to its location on Jolly Road. The development already boasts an established tenant, creating a synergistic environment for new businesses. The available space is highly adaptable and can be configured to suit a variety of retail uses. The building is well-maintained and offers ample parking for customers and employees. This is an ideal location for businesses seeking high foot traffic and exposure in a growing commercial area. The available space provides a significant opportunity for businesses looking to establish a strong presence in the Lansing market. With its strategic location and ample square footage, this property is poised for success. Contact us today to learn more about this exceptional retail opportunity.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $595,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $585,000
- 6.5%
- $540,000
- 7%
- $535,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $635,000
- Geo Method
- $530,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $565,000
- Retail
- $670,000
- Mixed-Use
- $525,000
- Hospitality
- $585,000
- Educational
- $610,000
- Residential Income
- $610,000
- Energy
- $630,000
- Income-Based Land
- $590,000
- Food Service
- $505,000
Location Insight
- Map
- Local Demand
- City
- Lansing
- County
- Ingham
- State
- Michigan
- Longitude
- -84.5165
- Latitude
- 42.6823
- CBSA code
- 29620
- CBSA name
- LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
