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Financial
Distress signals
Property profile

1675 Watertower Pl East Lansing, MI 48823

FOR SALE
Office buildings
Property ID
US43-0969808
12,156 SF 0.55 ac lot Built 2005
Last sale Nov 2021 · $155,000
Individually Owned Owner of record is an individual. 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional Class A medical office space, located at 1675 Watertower Place in East Lansing, Michigan, offers 2,661 square feet of immediately available space within a larger 14,912 square foot building. The property is ideally situated for convenient access to US-127, making it an attractive location for medical professionals and their patients. The suite is well-appointed and ready for immediate occupancy. The building itself is classified as Class A, reflecting its high-quality…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2019

What does the county charge?
$50k
Tax billed · 2019
Assessed value · 2023$718k
Assessed land$96k
Assessed improvement$621k
Effective rate6.99%

Value estimate

· Oct 2026
$200k
$180k – $220k
NOI build-up
Gross scheduled income$215k
Vacancy & credit loss−$47k
Operating expenses−$42k
NOI · 838,533.33% cap applied$126k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$99/SF
ZIP average, outlier-cleaned · 29 recorded sales of this use type
Observed band · Q1–Q3$14 – $158
Qualifying comparables4

Cap rate analysis

How does the asset earn?
838,533.33%
$126k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
B4
JurisdictionINGHAM

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply19.5
Auto Repair Shop17.2
Wholesale Shop17.1

Location

1675 Watertower Pl East Lansing, MI 48823
County assessor Recorded deeds · 3 transfers 4 qualifying comp sales 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1905 Abbot, East Lansing, MI 48823-8571 $625,000 Oct 2024 7,822 SF
1760 Abbey, East Lansing, MI 48823-7395 $2,950,000 Jul 2023 20,710 SF
139 Lk Lansing, East Lansing, MI 48823-8525 $1,133,000 Sep 2021 16,779 SF
1350 Lk Lansing, East Lansing, MI 48823-7413 $1,300,000 Apr 2021 7,632 SF
601 Abbot Rd, East Lansing, MI 48823-3366 $700,000 Mar 2021 9,687 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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