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Property profile & analytics
OFF-MARKET Estimated value $4,555,000
Office buildings

200 Washington Sq Lansing, MI 48933-1320

50,391 SF 0.34 ac lot Built 1978
Entity Owned 8-yr Hold ~ Est. High Equity
Property ID
US43-1307934
Property summary
AI-generated overview

This exceptional office space, ranging from 2,750 to 3,312 square feet, is situated within a larger, four-story office building encompassing 50,391 square feet. The building is strategically located in Lansing's Central Business District, at the highly visible corner of Washington Square and Ottawa Street. This prime location offers unparalleled convenience, with a variety of restaurants, essential services, and government offices all within easy reach. The space is ideal for businesses seeking a prestigious address and a vibrant, accessible work environment. The building itself is a well-maintained traditional office structure, suitable for a variety of professional uses. Multiple tenancy options are available, allowing for flexibility in lease terms and space configuration to meet the specific needs of different businesses. The address is 200 N Washington Square, Lansing, MI 48933. This opportunity presents a chance to establish a strong presence in a thriving downtown area. The size and layout of the available space make it suitable for a range of businesses, from small startups to established firms. Interested parties are encouraged to inquire about available floor plans and lease terms. The building's central location ensures easy access for employees and clients alike, enhancing overall business operations and productivity.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1978
Total area 50,391 SF
Lot 0.34 ac (14,593 SF)
APN 33-01-01-16-254-063
UPID US43-1307934
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Firehouse Subs Downtown Lansing Take-out & Catering
  • Liberty Mutual Car Insurance Financial Advisor Insurance Agency
  • MAACS Association / Organization
  • Capitol Wealth Advisors Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.50M
Blend (final) Blend
$4.56M
Owner & transaction history
Business & Trade Center LLC · 8 yrs held
Business & Trade Center LLC
since 2018
2 recorded transactions
2018
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $4.4M +5.7%
Auto repair, garage $4.3M +3.4%
Medical building $4.3M +3.1%
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