Property profile

741 N Cedar St Lansing, MI 48906

FOR LEASE
Office buildings
Property ID
US43-1180408
16,000 SF 1.24 ac lot Built 1989
Entity Owned Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 2,700 square foot executive office suite is ideally situated on the outskirts of Lansing's central business district (CBD), near the intersection of Saginaw and Cedar Streets. Available for lease beginning May 1st, 2021, this full-service space is located within a well-maintained, professionally managed 16,000 square foot building. The suite boasts abundant natural light thanks to its large windows, creating a bright and productive work environment. Tenants will appreciate the convenience of ample on-site parking, a significant advantage in a bustling urban setting. The property is classified as an executive office space within Ingham County and offers a multiple tenancy arrangement. This prime location offers easy access to downtown Lansing's amenities while maintaining a slightly removed, quieter atmosphere. The modern design and professional management ensure a seamless and efficient work experience. This is a rare opportunity to secure high-quality office space in a desirable location. The building's modern design and professional management contribute to a productive and comfortable work environment. The full-service lease simplifies operations and allows businesses to focus on their core competencies. Don't miss this chance to establish your business in this exceptional space.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1989
Total area 16,000 SF
Lot 1.24 ac (54,232 SF)
Zoning code F-1 COM
APN 33-01-01-09-479-243
UPID US43-1180408

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Law Firm
  • Charitable Organization Social Service Agency
  • Law Firm
  • Employment Agency

Location

741 N Cedar St Lansing, MI 48906
Lansing metro Census 6600 LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.82M
Blend (final) Blend
$1.66M

Owner & transaction history

Zoning & alternative use

F-1 COM · Lansing, MI
Top alternative use upside
Restaurant $1.4M +3.7%
Auto repair, garage $1.4M +1.4%
Medical building $1.4M +1.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message