118 Oak St Mason, MI 48854-1667
- Office buildings
- 12,212 SF
- 0.40 lot acres
Current Use by Public Records
- Progress Fitness / Personal Trainer
- Reach Therapy Services of Michigan LLC / Speech Pathologist
- curious minds counseling / Mental Health Service
- Mason Food Bank / Food Bank
- Uplift & Inspire LLC / Mental Health Service
Property Details for 118 Oak St
- Year built
- 1956
- Lot size
- 0.40 lot acres
- Property size
- 12,212 SF
- Zone code
- C1
- Property type
- Office buildings
- APN
- 33-19-10-08-240-019
- APU
- 33191008240019
Description
This exceptional 700-square-foot office space is ideally situated in the heart of downtown Mason, Michigan, at 118 W Oak St, just west of Jefferson St. The property, a two-story Class C building constructed in 1956, offers a versatile workspace suitable for various business needs. The building's total area encompasses 12,212 square feet, spread across a 0.4-acre lot. This listing specifically features a vacant 700 square foot space within a larger building with multiple tenants. The building's classification as a "Traditional Office, Executive Office, Coworking, and Creative Office" space highlights its adaptability to diverse business models. Ample parking is available for tenants and clients. The property's location in Ingham County, with easy access to major thoroughfares, provides excellent visibility and convenient access for employees and customers. The address is 118 W Oak St, Mason, MI 48854. This is a unique opportunity to secure a well-located office space in a thriving downtown area. The building's age and classification reflect its character and potential for renovation or customization to meet specific business requirements. The immediate availability of this 700 square foot space makes it an attractive option for businesses seeking quick occupancy.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $325,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $320,000
- 6.5%
- $335,000
- 7%
- $315,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $310,000
- Geo Method
- $290,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $380,000
- Retail
- $345,000
- Mixed-Use
- $305,000
- Hospitality
- $360,000
- Educational
- $365,000
- Residential Income
- $375,000
- Energy
- $345,000
- Income-Based Land
- $385,000
- Food Service
- $315,000
Location Insight
- Map
- Local Demand
- City
- Mason
- County
- Ingham
- State
- Michigan
- Longitude
- -84.444
- Latitude
- 42.5785
- CBSA code
- 29620
- CBSA name
- LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA