Property summary
This exceptional East Lansing office building, located at 3495 Coolidge Rd, presents a compelling investment opportunity. The property, situated on a 1.54-acre lot in Ingham County (APN 33-20-01-02-226-011), boasts 13,144 square feet of space within a single, one-story Class B building constructed in 2002. Currently, the building has a 47% occupancy rate, distributed across two suites. Suite 3495 encompasses 7,004 square feet, while Suite 3497 offers 6,140 square feet. The property is zoned B-4 Office and includes ample parking with 58 spaces. The building's layout is well-suited for a variety of office uses, making it an attractive option for both owner-occupiers and investors. The asking price is $2,100,000. This represents a significant opportunity to acquire a well-located office building in a thriving East Lansing business corridor, offering potential for increased occupancy and strong rental income. The modified lease type and multi-tenancy structure provide flexibility and income diversification. The property's location in the Lake Lansing Road business corridor offers excellent visibility and accessibility. This is a rare opportunity to acquire a substantial office building in a desirable location.
Property profile
VerifiedCap rate & NOI
Current use
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Hotel & Motel
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Insurance Agency
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Accounting Firm
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2019Property description
Physical attributes from public recordsZoning & alternative use
B4 · East Lansing, MIZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for B4 in East Lansing, MI.
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Find the owner behind the property.
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