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    FOR SALE
    Medical Office Space

    2901 Stabler St, Lansing, MI 48910

    4,508 SF 0.7 ac lot Built 1988
    Individually Owned 15-yr Hold Free & Clear
    Property ID
    US43-4402114
    Property summary
    AI-generated overview

    This exceptional 4,508 square foot medical office building, situated on a 0.697-acre lot at 2901 Stabler St., Lansing, MI 48910, presents a compelling investment opportunity. The two-story Class B building, constructed in 1988, boasts ample parking with approximately 35 spaces in a two-tiered lot. The property is currently vacant, offering immediate occupancy and flexibility for a new owner. The building features approximately 1,800 square feet of basement storage, adding significant utility. Designed for ADA accessibility with graded entrances at both levels, the building is equipped with packaged HVAC units for efficient climate control. Zoned D-1 Professional Office, the property is easily adaptable to standard office use, expanding its potential tenant pool. The asking price is $310,000, translating to $68.77 per square foot. This presents a strong value proposition in the Lansing market. The property's size, location, and features make it an ideal investment for those seeking a versatile and well-maintained medical or general office space. The ample parking and convenient location in Ingham County further enhance its appeal.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 1988
    Total area 4,508 SF
    Lot 0.7 ac (30,361 SF)
    APN 33-01-01-28-328-192
    UPID US43-4402114
    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
    • Dr. Andrew J. Riddle, DO Physician
    • Karmanos Cancer Institute - McLaren Greater Lansing Medical Clinic
    • Heather Bowers Geriatric Care Provider Nursing Home
    • McLaren Medical Oncology Associates Medical Clinic
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Ingham Regional Medical Center · 15 yrs held
    Ingham Regional Medical Center
    since 2010
    4 recorded transactions
    2010
    $527,000
    2006
    $527,000
    2004
    $690,000
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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