1504 E Grand River Ave, East Lansing, MI 48823
- Medical Office Space
- 17,434 SF
- 0.67 lot acres
Current Use by Public Records
- Rick J. Smith, MD - East Lansing, MI / Spa & Massage Center / Alternative Medicine Practice
- United Resiliency Center / Community Center
- Lindsay Solgat, MA / Physician / Medical Clinic
- Kathy Kuehne, LE / Skin Care Clinic
- Lisa Allen, RN / Physician / Medical Clinic
Property Details for 1504 E Grand River Ave
- Year built
- 2000
- Lot size
- 0.67 lot acres
- Zone code
- RM32
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 33-20-02-17-304-001
- APU
- 33200217304001
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Feb 25, 2015 | — | George F Eyde Family LLC | The Red Cedar Group II LLC | Warranty Deed | $1.7M · Independent Bank |
| Jun 9, 2008 | $1,725,000 | Red Cedar Group II LLC | Citizens Bank | Grant Deed | $1.5M · Fifth Third Bank |
| Sep 17, 2007 | $1,855,952 | Citizens Bank | Sheriff Of Ingham County | Trustees Deed · related | — |
| Jun 6, 2005 | $2,500,000 | Bretlin Professional Center LLC | Hagadorn Professional Center LLC | Warranty Deed | $1.8M · Republic Bank |
| — | — | Bretlin Professional Ctr LLC | — | Deed Of Trust · related | $200k · Franklin Bank |
| — | — | Red Cedar Group II LLC | — | Deed Of Trust · related | $1.5M · Pnc Bank |
| — | — | Red Cedar Group II LLC | — | Deed Of Trust · related | $316k · Fifth Third Bank |
| — | — | Bretlin Professional Ctr LLC | — | Deed Of Trust · related | $100k · Gallagher Law Firm Plc |
Description
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 layout is ideal for a variety of businesses, and its proximity to Michigan State University, downtown East Lansing, Trader Joe's, and Whole Foods ensures high foot traffic and convenient access to amenities. The property features ample on-site parking, catering to both employees and clients. The zoning is RM32, and the APN is 33-20-02-17-304-001. Currently, there is 2,847 square feet of newly built-out office space available. Flexible lease terms are available. This property offers a compelling combination of location, size, and amenities, making it an attractive option for businesses seeking a thriving and convenient location in East Lansing. The building consists of one structure with two stories.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,450,000
- 6.5%
- $2,260,000
- 7%
- $2,100,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,782,000
- AI Estimate
- $1,277,000
Market price range: $801k - $2.95MMarket price range: $810k - $2.25M -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $2,150,000 Current use
- RESTAURANT
- $2,035,000 Change: -5% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $1,990,000 Change: -7% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,755,000 Change: -18% Conversion: Difficult
- OFFICE BUILDING
- $1,725,000 Change: -20% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- East Lansing
- County
- Ingham
- State
- Michigan
- Longitude
- -84.4617
- Latitude
- 42.7288
- CBSA code
- 29620
- CBSA name
- LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
