912 Coolidge RdEast Lansing, MI 48823
- Office properties
- 1,416 SF
Property Details for 912 Coolidge Rd
- Year built
- 1948
- Lot size
- 0.22 AC
- Property size (Sq ft)
- 1,416 SF
- Zone code
- B1
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 33-20-01-12-307-012
- APU
- 33200112307012
Description
This 2,548 square foot, two-story creative office building in East Lansing, MI is available for $339,000 ($133.05/sq ft). Located at 912 Coolidge Rd, 48823, this vacant property boasts a prime location minutes from US-127, Frandor Shopping Center, and Michigan State University. Built in 1948 and extensively renovated in 2003 and 2018 (including a new HVAC system), the building features unique architectural details such as stone and Dryvit Stucco exterior, an antique wrought-iron fence, an outdoor patio, leaded-glass windows, an interior fountain, renaissance hardware, and a hand-carved Italian fireplace. The main level (1,574 sq ft) includes a reception area, two large open spaces, four private offices, a restroom, and a breakroom. The upper level offers 521 sq ft of office space and 567 sq ft of bonus cold storage. A finished basement (453 sq ft) provides additional space with a second fireplace and a bathroom. The property is zoned B1 and has ample parking shared with neighboring businesses including State Farm Insurance and Play, Build, Grow Therapy. Its proximity to major roadways and amenities makes it ideal for a variety of professional uses. The previous tenant experienced significant growth in their business while occupying this space.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $88,582
- 6.5%
- $81,768
- 7%
- $75,927
-
Comparable approach
- Method
- Valuation
- Relative Method
- $132,453
- Geo Method
- $132,453
-
Alternative Use
- Use
- Valuation
- Residential
- $101,392
- Hospitality
- $92,875
- Educational
- $77,271
- Medical
- $79,928
- Retail
- $120,199
Location Insight
- City
- East Lansing
- County
- Ingham
- State
- Michigan
- Latitude
- 42.7426
- Longitude
- -84.503
- CBSA code
- 29620
- CBSA name
- LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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