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    FOR LEASE
    Office buildings

    741 N Cedar St, Lansing, MI 48906

    16,000 SF 1.24 ac lot Built 1989
    Entity Owned Free & Clear
    Property ID
    US43-1180408
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Mark S. Farrell, Attorney Law Firm
    • Attorney Donald Waldron Jr. Law Firm
    • National Association-Social Workers Charitable Organization Social Service Agency
    • Rapaport, Pollok, Farrell, & Waldron, P.C. Law Firm
    • Manpower Employment Agency
    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
    NORWEGIAN WINDS L L C
    NORWEGIAN WINDS L L C
    Zoning & alternative use
    F-1 COM · Lansing, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $1.4M +3.7%
    Auto repair, garage $1.4M +1.4%
    Medical building $1.4M +1.0%
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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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