2175 University Park DrOkemos, MI 48864

Property Details for 2175 University Park Dr

Year built

1996

Lot size

2.02 AC

Property size (Sq ft)

19,512 SF

Zone code

GO

Property type

Office buildings

APN

33-06-06-04-202-006

APU

33060604202006

Description

This exceptional office property, located at 2175 University Park Drive in Ingham County, offers a strategically advantageous position at the intersection of Okemos Road and Jolly Road. The building boasts a total of 19,292 square feet, with one immediately available space encompassing 14,954 square feet. The property's classification includes Executive Office and Traditional Office spaces within a Business Park setting, suitable for multiple tenants. Its convenient location provides effortless access to major roadways, simplifying commutes and logistics. Furthermore, the surrounding area offers a wealth of amenities, including a variety of restaurants, hotels, fitness centers, grocery stores, and dry cleaning services, enhancing the convenience and appeal for both employees and clients. This property presents a unique opportunity for businesses seeking a well-situated, spacious, and amenity-rich office environment in a thriving commercial area. The building's design caters to multiple tenants, making it ideal for companies of varying sizes seeking collaborative or independent workspaces. The available 14,954 square foot space is ready for immediate occupancy. This is a rare opportunity to secure a significant presence in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $3,340,219

  6.5%

  $3,083,279

  7%

  $2,863,045

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,825,152

  Geo Method

  $1,825,152

• Alternative Use

  Use

  Valuation

  Residential

  $3,823,266

  Hospitality

  $3,502,091

  Educational

  $2,913,699

  Medical

  $3,013,905

  Retail

  $4,532,420

Location Insight

City

Okemos

County

Ingham

State

Michigan

Latitude

42.6791

Longitude

-84.428

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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