123 Allegan St, Unit 11 Lansing, MI 48933-1734
Property profile & analytics
123 Allegan St, Unit 11 Lansing, MI 48933-1734
- Office buildings
- 78,000 SF
- 0.18 lot acres
Property ID
US43-1718759
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
- Dickinson Wright / Law Firm
- AARP Michigan State Office / Charitable Organization / Social Service Agency
- Michigan Association of Public School Academies / Association Or Organization
- MAPSA / Charitable Organization / Social Service Agency
- Truscott Rossman / Marketing & Advertising / Advertising Agency
Property Details for 123 Allegan St
- Year built
- 1959
- Lot size
- 0.18 lot acres
- Property size
- 78,000 SF
- Zone code
- G-1 BUS
- Property type
- Office buildings
- APN
- 33-01-01-16-328-001
- APU
- 33010116328001
Description
This exceptional 7,436 square foot Class A office space presents a unique opportunity in downtown Lansing. Located at 123 W Allegan St, this property boasts a prestigious address directly across from the State Capitol building. Previously serving as Senate headquarters, the building has undergone a complete modernization, ensuring it's move-in ready for its next occupant. The space is ideal for multiple tenants, with a minimum divisible space of 3,000 square feet. While the total building square footage isn't specified, the maximum contiguous space available is a substantial 30,000 square feet, offering significant flexibility for larger organizations. Situated in Ingham County, Michigan, this property offers unparalleled access to state government and is within easy reach of Lansing's vibrant city center. This is a rare chance to secure a highly visible and well-appointed office space in one of Michigan's most important political and economic hubs. The property's modern design and prime location make it an attractive option for businesses seeking a prestigious and functional workspace. The address is 123 W Allegan St, Lansing, MI 48933. Contact us today to learn more about this exceptional opportunity.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $13,380,000
- 6.5%
- $12,350,000
- 7%
- $11,465,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $9,032,000
- AI Estimate
- $5,765,000
Market price range: $3.62M - $10.1MMarket price range: $1.04M - $7.00M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $6,435,000 Current use
- RESTAURANT
- $6,805,000 Change: +6% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $6,655,000 Change: +3% Conversion: Difficult
- MEDICAL BUILDING
- $6,630,000 Change: +3% Conversion: Easy
- RETAIL STORES
- $5,570,000 Change: -13% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lansing
- County
- Ingham
- State
- Michigan
- Longitude
- -84.5536
- Latitude
- 42.7323
- 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
$193,613
$39,000
$5,281,200
$5,320,200
-
$78,000
$10,562,400
$10,640,400
