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Property profile & analytics
OFF-MARKET Estimated value $12,610,000
Office buildings

120 Washington Sq Lansing, MI 48933-1617

157,548 SF 0.73 ac lot Built 1982
Entity Owned 9-yr Hold ~ Est. High Equity
Property ID
US43-1916507
Property summary
AI-generated overview

This exceptional office space at 120 N Washington Square, Suite 300, Lansing, MI 48933, offers a diverse range of options to suit various business needs. Located in Ingham County, this property provides flexible workspace solutions, including traditional office spaces, executive suites, coworking areas, medical offices, and creative office environments. The space caters to businesses of all sizes, from single-person operations to large corporations, offering customizable solutions ranging from individual desks to spaces accommodating 100 or more employees. Options include fully furnished and equipped private offices, tailored to specific requirements, along with serviced and custom office spaces, disaster recovery spaces, and day offices. Coworking options provide shared office or open-plan areas, with daily or hot desk reservations available. A comprehensive suite of meeting rooms is also available, ranging from informal chat spaces to facilities suitable for presentations, training sessions, interviews, board meetings, and conferences. Virtual office solutions are also offered, including prestigious business addresses, mail handling, and professional virtual assistant services. Flexible working plans provide access to a global network of business lounges and workspaces. The property's location in downtown Lansing offers convenient access to amenities and transportation. This versatile property is ideal for businesses seeking adaptable and modern work environments.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1982
Total area 157,548 SF
Lot 0.73 ac (31,581 SF)
APN 33-01-01-16-255-004
UPID US43-1916507
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Soul Media Film Production Television Studio
  • Michigan Distributors & Vndrs Charitable Organization Social Service Agency
  • Absolute Waterproofing Solutions - Lansing Hardware & Home Improvement Construction Company
  • DevCare Solutions (Bike/Boat/Book/etc) Store Corporate Office
  • Kheder Davis & Associates Inc Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$15.08M
Blend (final) Blend
$12.61M
Owner & transaction history
Vrei 120 North LLC · 9 yrs held
Vrei 120 North LLC
since 2017
5 recorded transactions
2017
Price N/A
2010
Price N/A
2008
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $13.7M +5.7%
Auto repair, garage $13.4M +3.4%
Medical building $13.4M +3.1%
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