Property profile

1690 Watertower Pl 1 East Lansing, MI 48823

OFF-MARKET
Office buildings
Property ID
US43-5271155
1,193 SF Built 2008
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1,582 square foot office condo, located at 1690 Watertower Place, Suite 300, in East Lansing, Michigan, presents a fantastic opportunity for businesses seeking a prime location. Situated in a Class B building constructed in 2008, this single-tenant space offers a functional and efficient layout within a larger 14,452 square foot building. The property boasts convenient access to major thoroughfares, including West and Coolidge Roads, and benefits from its proximity to the new Coleman Road extension and Eastwood Towne Center (approximately one mile east). This strategic location provides easy access to a wide array of amenities, including restaurants, retailers, hotels, and other office spaces, ensuring a vibrant and convenient work environment. The building features 42 total parking spaces for ample tenant and visitor parking. While the building does not have elevators, the single-story design ensures easy accessibility. The property is zoned B-4 and the annual property taxes are $5,459.47 per square foot. This turnkey office space is available for both sale and lease, making it an ideal option for a variety of business needs. The property's address is 1690 Watertower Pl, Suite 300, East Lansing, MI 48823.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2008
Total area 1,193 SF
Zoning code B4
APN 33-20-01-02-226-201
UPID US43-5271155

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
  • Insurance Agency
  • Law Firm
  • Law Firm
  • Insurance Agency
  • Corporate Office

Location

1690 Watertower Pl, Unit 1 East Lansing, MI 48823-8046
East Lansing metro Census 3802 LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$295k

Owner & transaction history

since 2024
Last sale
$108,000
2 recorded transactions
2024
$108,000
2006
$411,625

Zoning & alternative use

B4 · East Lansing, 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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