Property profile

1503 Glastonbury Dr Saint Johns, MI 48879

FOR SALE
Medical Office Space
Property ID
US43-0760430
4,943 SF 1.01 ac lot Built 2001
Entity Owned 13-yr Hold Free & Clear
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1503 Glastonbury Dr, Saint Johns, MI 48879 For Sale
$465,000 4,943 SF
1503 Glastonbury Dr, Saint Johns, MI 48879
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Property summary

AI-generated overview

This exceptional 1,691 square foot medical office suite is available for lease at 1503 Glastonbury Drive in Lansing's desirable medical submarket. Located in a single-story, dual-tenant building constructed in 2001, this space offers a prime opportunity for medical professionals seeking a well-appointed and conveniently located practice. The suite boasts three exam rooms, dedicated office space, a functional lab area, a comfortable break room, and a welcoming waiting room complete with a reception window. Previously occupied by a dental practice, the space is ready for immediate occupancy and customization to suit your specific needs. The property sits on a 1.01-acre lot and includes ample parking with 24 spaces available for patients and staff. The building's address is conveniently located south of downtown St. Johns, offering easy access to US-127. The property is zoned O - Commercial and has an APN of 300-021-100-010-13. The total building size is 4,943 square feet, with 1,691 square feet currently vacant. This single-tenant suite presents a unique opportunity to establish or expand your medical practice in a thriving location. Don't miss this chance to secure this well-equipped and strategically positioned medical office space.

Property profile

Verified
Property type Medical Office Space
Use group DENTAL BUILDING
Year built 2001
Total area 4,943 SF
Lot 1.01 ac (44,039 SF)
Zoning code O
APN 300-021-100-010-13
UPID US43-0760430

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1503 Glastonbury Dr Saint Johns, MI 48879
Saint Johns metro Census 10802 LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$285k

Owner & transaction history

since 2012
3 recorded transactions
2021
Price N/A
2012
$240,000
2012
Price N/A

Zoning & alternative use

O · Saint Johns, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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