300 Washington SqLansing, MI 48933

Property Details for 300 Washington Sq

Year built

1971

Lot size

0.94 AC

Property size (Sq ft)

87,724 SF

Property type

Office properties

Property subtype

Office buildings

APN

33-01-01-16-251-101

APU

33010116251101

Description

Knapp's Centre, a 190,000 square foot Art Deco building, offers executive office suites in downtown Lansing, Michigan. Located at 300 S Washington Square, at the prominent corner of Washington Square and Washtenaw Street, this multiple-tenancy building provides convenient access to a variety of amenities. Suites range from a minimum of 2,218 square feet to a maximum contiguous space of 14,209 square feet, with 39,494 square feet currently vacant. The building features elevators for easy access to all floors. Its prime location offers unparalleled convenience, situated adjacent to the Thomas Cooley Law School Library and within walking distance of the State Capitol building, Davenport University, Lansing Community College, and Cooley Law School Stadium. Numerous restaurants, gyms, dry cleaners, grocery stores, and retail establishments are also conveniently located nearby. This Ingham County property presents a unique opportunity for businesses seeking a prestigious and well-situated office space in the heart of Lansing. The building's Art Deco architecture adds a touch of elegance and sophistication to the professional environment. Currently, there are eight available spaces ranging in size from approximately 1,873 to 14,209 square feet. The building's zip code is 48933.

• CAP approach

  CAP return

  Valuation

  6%

  $5,487,834

  6.5%

  $5,065,692

  7%

  $4,703,858

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,205,703

  Geo Method

  $8,205,703

• Alternative Use

  Use

  Valuation

  Residential

  $6,281,459

  Hospitality

  $5,753,782

  Educational

  $4,787,080

  Medical

  $4,951,714

  Retail

  $7,446,568

Location Insight

City

Lansing

County

Ingham

State

Michigan

Latitude

42.7362

Longitude

-84.5514

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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