111 Edgewood Blvd Lansing, MI 48911-5680
Property profile & analytics
111 Edgewood Blvd Lansing, MI 48911-5680
- Office buildings
- 48,089 SF
- 5.88 lot acres
Property ID
US43-1194211
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Progressive Insurance - Claims Office / Insurance Agency
- Capital Fire Safety / Production Facility / Security Service
- State of Michigan DHHS / Government Office
- Wilcox Professional Services LLC / Engineer
Property Details for 111 Edgewood Blvd
- Year built
- 1991
- Lot size
- 5.88 lot acres
- Property size
- 48,089 SF
- Zone code
- G-2 WHO
- Property type
- Office buildings
- APN
- 33-01-05-09-326-340
- APU
- 33010509326340
Description
This exceptional 44,397 square foot Class B office/flex building presents a compelling value-add investment opportunity in Lansing, Michigan. Located at 111 W Edgewood Blvd, this single-story, 1991-built property boasts a prime location with I-96 frontage, offering excellent visibility and accessibility. The building underwent renovations in 2019 and features a desirable open floor plan with high ceilings, making it ideal for owner-occupancy or continued multi-tenant operation. Currently, the building has four tenants with an 87.39% occupancy rate, projected to reach full occupancy by February 8, 2024. The 5.88-acre lot provides ample space, complemented by 240 parking spaces. The property is zoned S-C (Suburban Commercial) and is situated near major retailers such as Target, Texas Roadhouse, and Celebration Cinema, ensuring high traffic and visibility. With a total of 44,397 net rentable square feet, the asking price is $2,200,000, translating to $49.55 per square foot. Available lease space ranges from 2,800 to 5,600 square feet, presenting further income potential. This property is designated as an Opportunity Zone, offering significant tax advantages for qualified investors. The property's strong location, flexible space, and current occupancy make it an attractive investment prospect with significant upside potential. The APN is 33-01-05-09-326-340.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,810,000
- ML approach
- $2,345,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,231,000
- AI Estimate
- $1,372,000
Market price range: $2.23M - $6.26MMarket price range: $1.37M - $3.21M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $3,435,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lansing
- County
- Ingham
- State
- Michigan
- Longitude
- -84.554
- Latitude
- 42.6604
- CBSA code
- 29620
- CBSA name
- LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$40,512
$396,300
$883,600
$1,279,900
-
$792,600
$1,767,200
$2,559,800
