6500 Mercantile WayLansing, MI 48916

Property Details for 6500 Mercantile Way

Year built

1980

Lot size

2.50 AC

Property size (Sq ft)

30,401 SF

Zone code

G-2 WHO

Property type

Office properties

Property subtype

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,901,824

  6.5%

  $1,755,530

  7%

  $1,630,135

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,843,710

  Geo Method

  $2,843,710

• Alternative Use

  Use

  Valuation

  Residential

  $2,176,857

  Hospitality

  $1,993,990

  Educational

  $1,658,976

  Medical

  $1,716,031

  Retail

  $2,580,629

Location Insight

City

Lansing

County

Ingham

State

Michigan

Latitude

42.665

Longitude

-84.5362

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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