3315 Michigan Ave Lansing, MI 48912
- Office buildings
- 24,391 SF
- 1.30 lot acres
Current Use by Public Records
- Secretary of State Self-service Station / Department Of Motor Vehicles / Kiosk
- Premier Rehabilitation - Frandor / Physical Therapy Clinic
- License Appeal Hearing Office / Driver'S License Office
- Secretary of State office / Department Of Motor Vehicles / Driver'S License Office
- Dashmart Lansing / Grocery Delivery Service
Property Details for 3315 Michigan Ave
- Year built
- 1984
- Lot size
- 1.30 lot acres
- Property size
- 24,391 SF
- Zone code
- F COMM
- Property type
- Office buildings
- APN
- 33-01-01-13-151-038
- APU
- 33010113151038
Description
This exceptional executive office suite, totaling 5,281 square feet, is located within the popular Frandor Plus shopping center, a 120,000 square foot retail and office complex in Ingham County. The space is immediately available for lease and represents a significant opportunity for businesses seeking a high-visibility location. The property boasts a highly desirable in-line space configuration within a multi-tenant building, offering excellent accessibility and ample parking. With over 500 well-lit parking spaces available for tenants and their clients, convenience is paramount. The center enjoys a strategic location with excellent access to major thoroughfares including US-127, I-496, and 196, ensuring easy commutes for employees and clients alike. Strong anchors such as Dunham's and the Secretary of State provide significant traffic and visibility to the center. High-profile pylon and building signage opportunities are available, enhancing brand recognition and attracting potential customers. The property is zoned for commercial use, making it ideal for a variety of office-based businesses. The maximum contiguous space available is 5,281 square feet, perfectly suited for a growing company or a business seeking a prominent presence in a thriving commercial area. This is a rare opportunity to secure a well-located, high-profile office space in a bustling retail environment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $960,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,045,000
- 6.5%
- $1,055,000
- 7%
- $1,105,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,010,000
- Geo Method
- $950,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,015,000
- Retail
- $920,000
- Mixed-Use
- $935,000
- Hospitality
- $1,075,000
- Educational
- $1,080,000
- Residential Income
- $930,000
- Energy
- $935,000
- Income-Based Land
- $910,000
- Food Service
- $1,105,000
Location Insight
- Map
- Local Demand
- City
- Lansing
- County
- Ingham
- State
- Michigan
- Longitude
- -84.502
- Latitude
- 42.7347
- CBSA code
- 29620
- CBSA name
- LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
