111 Edgewood Blvd, Lansing, MI 48911-5680

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.