912 Coolidge RdEast Lansing, MI 48823

  • Office properties
  • 1,416 SF
For Sale
$339,000 View listing

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
912 Coolidge Rd, East Lansing, Michigan

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2019
$5,399
$37,800
$39,900
$77,700
-
$75,600
$79,800
$155,400

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