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2479 Woodlake Cir Okemos, MI 48864

7,920 SF Office Building, 1.18 Acres

Overview

Added:
Dec 11, 2024
Days on market:
131
This 7,920-square-foot office building, constructed in 1995, presents a compelling value-add investment or owner-user opportunity. Situated on a 1.18-acre lot in Okemos, Michigan, this Class B, multi-tenant property offers 27.51% occupancy and a modified lease structure. The building's prime location provides convenient access to major interstates, Downtown Lansing, and a wealth of amenities including hotels, convention centers, dining, shopping, and Michigan State University. The surrounding area boasts strong demographics, with numerous middle to upper-middle-class residential neighborhoods. Major employers such as the State of Michigan, Michigan State University, General Motors, Lansing School District, Meijer, and Sparrow Health Systems are nearby. The East Lansing submarket's robust demographics further enhance the property's investment potential. This property is an excellent choice for investors seeking a value-add asset or businesses looking for a strategic location in a thriving area with a burgeoning high-tech sector. The single building sits on a sizable lot, offering potential for future expansion or redevelopment. The current occupancy rate presents a clear opportunity to increase revenue through lease-up.

Property Details for 2479 Woodlake Cir

Property type
Office properties
Square Feet
7,920 SF
Class
B
Year Built
1995
Buildings
1
Lot Size (sq. ft)
51,401 SF

Location Insight

City
Okemos
County
Ingham
State
Michigan
Latitude
42.6794337
Longitude
-84.4408685

FAQs

What type of property is this?
Office property - 7,920 SF Office Building, 1.18 Acres
Where is the office property located?
The property is located at 2479 Woodlake Cir Okemos, MI.
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2479 Woodlake Cir
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