Property profile

1005 Charlevoix Dr Grand Ledge, MI 48837

OFF-MARKET
Office buildings
Property ID
US43-2360661
14,590 SF 1.39 ac lot Built 1997
Entity Owned 17-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This newly renovated 1,202 square foot office suite, located at 1005 Charlevoix Drive in Grand Ledge, Michigan, presents a fantastic opportunity for a business seeking a modern and efficient workspace. Situated in a Class B building constructed in 1997, this single-tenant space boasts a prime location within a 14,590 square foot building, offering ample parking with approximately 64 designated spaces. The suite features two private offices, open office space, a private restroom, and a break room, providing a functional layout for various business needs. Its convenient location offers excellent visibility and accessibility, being close to the Saginaw Highway/M-100 intersection, and within five minutes of Meijer, numerous restaurants, and downtown Grand Ledge. The property sits on a 1.39-acre lot and is zoned B-1 Office. The suite benefits from good window exposure and is adjacent to several medical offices, including University of Michigan Health - Sparrow and McLaren Greater Lansing, making it an attractive location for businesses in related fields. Remodeling or redecorating options are available to customize the space to meet specific requirements. The building offers convenient, lighted, and free doorstep parking. This is a rare opportunity to secure a well-appointed office space in a thriving Grand Ledge location. The property's APN is 400-063-605-004-02.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1997
Total area 14,590 SF
Lot 1.39 ac (60,418 SF)
Zoning code B-1
APN 400 063 605 004 02
UPID US43-2360661

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Ophthalmologist
  • Financial Advisor
  • Pediatrician Physician
  • Physician
  • Physician

Location

1005 Charlevoix Dr Grand Ledge, MI 48837-2432
Grand Ledge metro Census 20402 LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.62M
Blend (final) Blend
$1.04M

Owner & transaction history

since 2008
1 recorded transaction
2008
$1.1M

Zoning & alternative use

B-1 · Grand Ledge, MI
Zoning description

lot Plan (Depicts Required Setbacks on Land) (PDF) Basic Residential Accessory Structure Regulations (PDF) Basic Sign Ordinance Regulations (PDF) Examples of Illegal Signs (PDF) Commercial Planning & Zoning Regulations "…

General category COMMERCIAL
Top alternative use upside
Commercial (general) $1.6M +40.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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