6500 Mercantile Way Lansing, MI 48916
- Office buildings
- 30,401 SF
- 2.50 lot acres
Current Use by Public Records
- Great Lakes Recruit Battalion / Federal Government Office / Professional Services
- Fusion Dance Center / Dance School
- Wagging tails breeding and boarding / Pet Boarding Service
- U.S. Army Great Lakes Recruiting Battalion / Military Recruiting Office
- Mackinac Software LLC / Software Company
Property Details for 6500 Mercantile Way
- Year built
- 1980
- Lot size
- 2.50 lot acres
- Property size
- 30,401 SF
- Zone code
- G-2 WHO
- Property type
- Office buildings
- APN
- 33-01-05-10-176-118
- APU
- 33010510176118
Description
This single-story, 30,401 square foot Class B office building, constructed in 1980, offers multiple tenancy options ranging from 2,728 to 7,975 square feet. Located at 6500 Mercantile Way in Lansing, Michigan (48916), this property boasts a prime South Lansing location, providing exceptional flexibility and visibility for businesses of all sizes. The building features convenient access to I-96 and Cedar Street, ensuring easy commutes for employees and clients throughout the metro Lansing area. Amenities include bike racks, electric car charging stations, and access to workout facilities, enhancing employee satisfaction and overall value. On-site maintenance and management services are available five days a week. The property is zoned G-2 WHOLESALE and its Ingham County APN is 33-01-05-10-176-118. This property is ideal for businesses seeking executive office suites or corporate headquarters, with both move-in-ready and build-to-suit options available. The building represents the largest single office complex in South Lansing.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $805,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $610,000
- 6.5%
- $600,000
- 7%
- $620,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $775,000
- Geo Method
- $620,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $675,000
- Retail
- $740,000
- Mixed-Use
- $580,000
- Hospitality
- $680,000
- Educational
- $670,000
- Residential Income
- $670,000
- Energy
- $805,000
- Income-Based Land
- $695,000
- Food Service
- $755,000
Location Insight
- Map
- Local Demand
- City
- Lansing
- County
- Ingham
- State
- Michigan
- Longitude
- -84.5362
- Latitude
- 42.665
- CBSA code
- 29620
- CBSA name
- LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA