2199 Jolly RdOkemos, MI 48864

Property Details for 2199 Jolly Rd

Year built

1986

Lot size

1.13 AC

Property size (Sq ft)

8,920 SF

Zone code

GO

Property type

Office buildings

APN

33-06-06-04-201-038

APU

33060604201038

Description

This exceptional 1,525 square foot office space, part of an 8,920 square foot building, is ideally situated at the high-traffic intersection of Jolly Road and Okemos Road in Okemos, Michigan. Built in 1986 and classified as Class C, this single-tenancy property offers a fantastic opportunity for businesses seeking a well-maintained and conveniently located office. The space boasts three private offices, two conference rooms, a restroom, a kitchenette, and a reception/waiting area, providing ample space for a variety of business needs. The property's location offers excellent visibility from Jolly Road and benefits from abundant parking. Its proximity to I-96 (a quarter-mile away) ensures easy access for clients and employees. Surrounded by thriving businesses, residential areas, and schools, this location provides a strong foundation for business growth and success. The property's Assessed Parcel Number (APN) is 06-06-04-201-038. This updated office space presents a compelling opportunity for businesses seeking a functional and strategically located office in the Okemos area. The property is professionally managed, ensuring a smooth and efficient operational experience. This is a rare opportunity to secure a well-appointed office space in a high-demand location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,526,996

  6.5%

  $1,409,535

  7%

  $1,308,854

• Comparable approach

  Method

  Valuation

  Relative Method

  $834,377

  Geo Method

  $834,377

• Alternative Use

  Use

  Valuation

  Residential

  $1,747,824

  Hospitality

  $1,600,997

  Educational

  $1,332,011

  Medical

  $1,377,821

  Retail

  $2,072,017

Location Insight

City

Okemos

County

Ingham

State

Michigan

Latitude

42.6825

Longitude

-84.4297

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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