620 Capitol Ave Lansing, MI 48933-2342
Property profile & analytics
620 Capitol Ave Lansing, MI 48933-2342
- Office buildings
- 32,416 SF
- 1.33 lot acres
Property ID
US43-1202470
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Compass Insurance Agency / Insurance Agency
- Michigan Manufacturers Association / Charitable Organization / Social Service Agency
- MMA Service Corporation / Financial Advisor / Insurance Agency
- Michigan Federation-Children / Charitable Organization / Social Service Agency
- Michigan Sheriffs' Association / Charitable Organization / Social Service Agency
Property Details for 620 Capitol Ave
- Year built
- 1993
- Lot size
- 1.33 lot acres
- Property size
- 32,416 SF
- Zone code
- D-1 PRO
- Property type
- Office buildings
- APN
- 33-01-01-16-383-004
- APU
- 33010116383004
Description
This exceptional sublease opportunity presents 1,450 square feet of Class A office space in a prestigious downtown Lansing location at 620 S. Capitol, near St. Joseph. Situated within a larger building totaling 32,416 square feet, this space is ideal for businesses seeking immediate occupancy. The building itself boasts a single, three-story structure constructed in 1993 and extensively renovated in 2021, ensuring modern amenities and a high-quality work environment. The property sits on 1.325 acres of land and is zoned D-1 PRO, offering flexibility for various business uses. Convenient on-site parking is available for tenants. The building features elevators for easy access to all three floors. This sublease offers a turnkey solution for businesses needing high-quality, readily available office space in a vibrant downtown setting. The multiple tenancy structure ensures a diverse and active building community. This is a rare opportunity to secure prime office space in a well-maintained, modern building with excellent accessibility and ample parking. Don't miss this chance to establish your business in a thriving downtown location. Contact us today to schedule a viewing and learn more about this exceptional sublease opportunity.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $5,560,000
- 6.5%
- $5,130,000
- 7%
- $4,765,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $4,216,000
- AI Estimate
- $2,730,000
Market price range: $1.50M - $4.22MMarket price range: $432k - $2.91M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $2,675,000 Current use
- RESTAURANT
- $2,830,000 Change: +6% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $2,765,000 Change: +3% Conversion: Difficult
- MEDICAL BUILDING
- $2,755,000 Change: +3% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lansing
- County
- Ingham
- State
- Michigan
- Longitude
- -84.5549
- Latitude
- 42.7268
- CBSA code
- 29620
- CBSA name
- LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$102,019
$283,900
$2,236,000
$2,519,900
-
$567,800
$4,472,000
$5,039,800
