912 Coolidge RdEast Lansing, MI 48823

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 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.

• CAP approach

  CAP return

  Valuation

  6%

  $100,393

  6.5%

  $92,670.50

  7%

  $86,051.10

• Comparable approach

  Method

  Valuation

  Relative Method

  $132,453

  Geo Method

  $132,453

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $259,778

  Retail / Commercial

  $118,074

  Mixed-Use / Specialty

  $105,724

  Hospitality / Lodging

  $62,034.60

  Institutional / Educational

  $105,647

  Residential Income

  $123,607

  Multifamily

  $214,382

  Automotive / Energy

  $90,554.20

  Parking / Income-Based Land

  $43,035.20

  Restaurant / Food Service

  $29,528.10

  Healthcare / Senior Housing

  $120,651

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

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].