740 W Lake Lansing Rd East Lansing, MI 48823
- Office buildings
- 7,900 SF
- 5.92 lot acres
Current Use by Public Records
- Law Office of Ying Beher / Family Law Attorney / Real Estate Attorney
- Deborah J. Weathers, LLPC / Counselor / Doctor
- Tant Judy L MD / Psychologist
- Nancy Warnars / Counselor / Practitioner Service Location
- Absolute Choices Today Counseling / Counselor
Property Details for 740 W Lake Lansing Rd
- Year built
- 1994
- Lot size
- 5.92 lot acres
- Property size
- 7,900 SF
- Zone code
- B5
- Property type
- Office buildings
- APN
- 33-20-01-01-301-013
- APU
- 33200101301013
Description
This exceptional 1,738 square foot executive office suite is located at 740 W Lake Lansing Rd in East Lansing, Michigan, within a Class B office building. Built in 1994, the property offers a total of 8,000 square feet and features ample parking. The suite is part of a multi-tenant building, offering a professional and collaborative environment. The address is conveniently situated in Ingham County, with easy access to local amenities and transportation networks. This single-suite building presents a unique opportunity for businesses seeking a well-maintained and readily available office space. The space is immediately available and ready for occupancy. The building's 1994 construction provides a solid foundation, while the ample parking ensures convenient access for employees and clients. The location in East Lansing, Michigan, offers a vibrant and dynamic business environment. This executive office suite is perfect for a company seeking a professional and efficient workspace in a prime location. The 1,738 square feet provide ample room for various office configurations, catering to the needs of a growing business. The property's Class B designation reflects its well-maintained condition and desirable features. Don't miss this chance to secure this exceptional office space.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,185,000
- 6.5%
- $1,095,000
- 7%
- $1,015,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,247,000
- AI Estimate
- $1,111,000
Market price range: $108k - $1.25MMarket price range: $225k - $1.11M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $780,000 Current use
- MEDICAL BUILDING
- $975,000 Change: +24% Conversion: Easy
- RESTAURANT
- $920,000 Change: +18% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $900,000 Change: +15% Conversion: Easy
- AUTO REPAIR, GARAGE
- $795,000 Change: +2% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- East Lansing
- County
- Ingham
- State
- Michigan
- Longitude
- -84.4934
- Latitude
- 42.7622
- CBSA code
- 29620
- CBSA name
- LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA