Property profile

1550 Watertower Pl East Lansing, MI 48823

FOR SALE
Medical Office Space
Property ID
US43-Q012150
6,915 SF Built 2008
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Property summary

AI-generated overview

PRICE REDUCED!The property is located on a 0.26-acre lot, features a 6,915 SF office/condo space within the 11,984 SF building. Current tenant will be vacating the space January 2027. Excellent space for professional office users or medical office; large office spaces could easily be converted to general office. Neighboring tenant: Hall Matson Garver Thomas Law Offices. The build-out features (12) exam rooms with sinks, numerous medical amenities, many other specialty rooms, and is suitable for 17 staff members. The space is in very good condition and shows well.There are multiple points of ingress / egress from West Road and Coolidge Road, with parking for ±75 Vehicles.Location: 0.6 Miles NW of US-127, 2.4 Miles NE of US-127 and Business 69 Interchange, and 1.1 Miles from Eastwood Towne CenterTraffic: Moderate (9,591 VPD) in the Immediate Area; Increases to 25,631 VPD on W Lake Lansing Road 2025 SEV and Taxable Value: $359,4002025 Taxes: $26,023

Property profile

Verified
Property type Medical Office Space
Year built 2008
Total area 6,915 SF
UPID US43-Q012150

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Crisis Center Medical Clinic
  • Physician
  • Law Firm
  • Foster Care Service Social Service Agency
  • Financial Advisor

Location

1550 Watertower Pl East Lansing, MI 48823
East Lansing metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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More about this property
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