800 Thomas L Pkwy, Lansing, MI 48917
This 4,980 square foot, two-story Class C office building, situated on a 0.56-acre lot in Lansing, Michigan (APN 04006050066100), presents a compelling investment opportunity. Built in 1968, the property features a large parking lot with 29 spaces and is conveniently located off W. Saginaw Hwy in Delta Township. The building boasts recent upgrades, including a new waterproofing system installed by Foundation Systems of Michigan, two new sump pumps, and new baseboard heaters. Fresh paint and modernized interiors enhance the appeal. The lower level offers handicap access, two large restrooms, and plumbing for two additional fixtures. The upper floor, accessible from both ends of the building, features completely new bathrooms and flooring. Large open work areas provide flexibility for various configurations. Security features include outside lighting, motion sensors, and a camera system installed by Guardian Alarm. The property is currently vacant and zoned O, offering immediate occupancy and diverse potential uses as either medical or traditional office space. This is a turnkey opportunity for immediate income generation or adaptive reuse.
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The Legacy Dream Center Vocational School Training Center
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
NONE · Lansing, MILansing. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.