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Property profile & analytics
FOR LEASE
Office buildings

4572 S Hagadorn Rd East Lansing, MI 48823

34,608 SF 3.11 ac lot Built 1989
Entity Owned 8-yr Hold Free & Clear
Property ID
US43-1447987
Property summary
AI-generated overview

This exceptional Class A office building, located at 4572 S Hagadorn Rd in East Lansing, MI 48823, offers a prime opportunity for businesses seeking flexible and prestigious workspace. The property boasts a total of 34,608 square feet, strategically divided into five suites, providing a range of options to accommodate various business needs. Currently, 9,706 square feet of space is available for lease, with individual suites ranging from a minimum of 225 square feet to a maximum contiguous space of 5,802 square feet. This allows for both small businesses seeking efficient, executive office space and larger organizations requiring more substantial footprints. The building's convenient location on the edge of Michigan State University provides excellent visibility and accessibility, placing it within close proximity to East Lansing, Okemos, and the new McLaren hospital. This prime location offers unparalleled convenience and access to a thriving community and a highly skilled workforce. The building's "A" class designation reflects its high-quality construction, modern amenities, and overall professional atmosphere. This is an exceptional opportunity to secure premium office space in a highly desirable location. Contact us today to learn more about leasing options and to schedule a viewing.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1989
Total area 34,608 SF
Lot 3.11 ac (135,297 SF)
Zoning code PO
APN 33-02-02-20-351-004
UPID US43-1447987
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
  • Sarah Taylor Foster Care Service Social Service Agency
  • Robin Padilla Counselor
  • Janick Beth S Registered General Nurse
  • Ms. Emily Lietz Vliek Foster Care Service Social Service Agency
  • Angela Kersey Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.33M
Blend (final) Blend
$2.50M
Owner & transaction history
Mcelmurry Perpetual LLC · 8 yrs held
Mcelmurry Perpetual LLC
since 2017
2 recorded transactions
2017
Price N/A
1969
Price N/A
Zoning & alternative use
PO · East Lansing, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $4.0M +17.8%
Commercial (general) $4.0M +15.4%
Auto repair, garage $3.5M +1.6%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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