Lake Lansing Rd Frontage Building

Office for Sale
Catylist Listing ID: 30148751
Property Subtypes: Business Park, Medical, Office Building
Building Size (RSF): 9,972 SF
Gross Land Area: 1.32 Acres
Sale Price: $750,000
Unit Price: $75.21 PSF
Property Use Type: Investment, Business
Building Name: 411 Lake Lansing Building A
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 20
Last Updated: 3/14/2018

Overview / Comments

This is one of three 10,000 sq ft office buildings on Lake Lansing Rd.
This building is under different ownership from the other two Buildings ,B and C
Buildings B and C are for sale as Investment buildings and are fully leased. This Building could be brought in with other two or sold separately
As an Investment. It is the frontage building and Stockwell Real Estate Group Inc leased up the building within months after getting the marketing assignment. There is only a two person office with a wet bar of 750 sq ft remaining to lease. Rent is $1050/mo plus utilities New tenants City Financial 1,475 sq. ft. ,Integrity Solutions 2,967sq ft and Family community 1,450 sq ft Existing tenants Farm Bureau Insurance rents 1,861 sq ft and psychologist rents 1,137 sq ft

Agent just recently brought this building on . Ownership is changing hallways and other attributes to match the quality and High occupancy rates of the other buildings for sale B and C.


Finance Data Year 2018
Net Operating Income $70,000 (Annual)
Actual or Proforma Year Proforma

Additional Details

Nearest MSA: Lansing-East Lansing
County: Ingham
Taxing Authority: East Lansing
Tax ID/APN: 33-20-01-01-408-020
Zoning: B-4
Property Located Between: Abbott and Harrison
Property Visibility: Excellent
Highway Access: US 127
Airports: Lansing
Site Description: Excellent with wooded jogging and Bike trail.
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 10,000 SF
Year Built: 1988
Year Renovated: 2000
Construction/Siding: Brick
Exterior Description: Brick with Plenty of windows
Parking Type: Surface
Parking Description: Front back and sides
Heat Type: Natural Gas
Internet Access: Cable, DSL
Interior Description: Central Hallway Bathrooms on East side . Entry from Front or Rear
Zoning Description: B-4,
Part of Planned Development?: Yes
In Flood Plain?: Yes
Lot Frontage: 212.2
Lot Depth: 273.5
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,726 89,122 178,020
Median Age: 31.97 30.18 32.8
Households: 6,546 32,707 70,640


Photograph of Listing Agent

Kenneth B. Stockwell CCIM,SIOR

Stockwell Real Estate Group, Inc. CPIX Member
© Copyright Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Property Information Exchange (CPIX) nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.