Investment Opportunity - Office Space & Multi-Family

Office for Sale
Catylist Listing ID: 30344828
Property Subtypes: Office Building
Building Size (RSF): 31,648 SF
Gross Building Area: See Agent
Sale Price: $2,900,000
Unit Price: $91.63 PSF
Property Use Type: Investment
Building Name: MSU College of Law Building
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/16/2018

Overview / Comments

Three-story office building with approximately 14,540 SF of office space on first floor and 52 dorm-style apartments on the 2nd and 3rd floors, a community kitchen and 2nd floor laundry. Ideal opportunity for office users with residential income. Located in East Lansing within walking distance to downtown. Ample parking and storage.

Additional Details

Nearest MSA: Lansing-East Lansing
County: Ingham
Taxing Authority: East Lansing
Tax ID/APN: East Lansing
Zoning: RM 32

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 26,042 91,819 183,732
Median Age: 26.41 29.77 32.63
Households: 7,900 33,622 73,245

Contact

Photograph of Listing Agent

Eric F. Rosekrans

CBRE | Martin CPIX Member
Photograph of Listing Agent

Thomas Jamieson

CBRE | Martin
CPIX Member
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