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Property profile

1504 E Grand River Ave East Lansing, MI 48823

FOR SALE
Medical Office Space
Property ID
US43-0328073
17,434 SF 0.67 ac lot Built 2000
Last sale Jun 2008 · $1,725,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 11-yr Hold Held for 11 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional two-story, Class B office building, located at 1504 E Grand River Ave in East Lansing, MI 48823, presents a unique investment opportunity. Boasting a total of 17,434 square feet across six suites, this 2002-built property sits on a sizable 30,406 square foot lot. Its strategic location at the hard corner of Hagadorn and Grand River provides excellent visibility and accessibility, benefiting from a high daily traffic count of 23,115 vehicles. The building's traditional office…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$63k
Tax billed · 2023
Assessed value · 2024$850k
Assessed land$131k
Assessed improvement$719k
Effective rate7.44%

Value estimate

· Oct 2026
$585k
$527k – $644k
CAP approach$2.26M
Submarket $/SF estimate$1.78M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$123/SF
County average, outlier-cleaned · 33 recorded sales of this use type
Observed band · Q1–Q3$46 – $169

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
RM32
JurisdictionINGHAM

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency18.3
Dental Office17.9
Building Supply15.2

Location

1504 E Grand River Ave East Lansing, MI 48823
County assessor Recorded deeds · 8 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3496 Lk Lansing, East Lansing, MI 48823-2288 $3,500,000 Jun 2022 13,156 SF
307 Lk Lansing, East Lansing, MI 48823-1437 $575,000 Feb 2022 5,816 SF
1226 Michigan, East Lansing, MI 48823-4022 $1,000,000 Jan 2020 4,556 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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