2859 Eyde PkwyEast Lansing, MI 48823

Property Details for 2859 Eyde Pkwy

Year built

2002

Lot size

2.43 AC

Property size (Sq ft)

22,080 SF

Zone code

RR

Property type

Office buildings

APN

33-02-02-20-327-003

APU

33020220327003

Description

This exceptional two-story office building, totaling 22,080 square feet, sits on a generous 2.43-acre lot in desirable East Lansing, offering ample free parking. Currently occupied by a single tenant, the space presents a unique opportunity for either a single large user or multiple smaller tenants, as the building is easily divisible. Located on Eyde Parkway, this property enjoys a highly convenient location near Michigan State University, off Hagadorn Road. Its strategic position provides easy access to a variety of amenities, including the Sparrow MI Athletic Club, Hannah Plaza, two hotels, and the Hannah Lofts and The Lodges residential communities, all within walking distance. The building's size and layout offer significant flexibility for businesses seeking a prominent presence in a thriving East Lansing location. The substantial land area provides ample room for expansion or future development. This property represents a rare opportunity to acquire a well-located, versatile office building in a highly sought-after area. The existing infrastructure and convenient location make this an ideal investment for businesses seeking a strong foothold in the East Lansing market. The potential for multiple tenants adds to the investment appeal, offering diverse income streams and long-term growth potential. This is a turnkey opportunity for immediate occupancy or redevelopment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,381,280

  6.5%

  $1,275,027

  7%

  $1,183,954

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,065,363

  Geo Method

  $2,065,363

• Alternative Use

  Use

  Valuation

  Residential

  $1,581,034

  Hospitality

  $1,448,218

  Educational

  $1,204,901

  Medical

  $1,246,339

  Retail

  $1,874,290

Location Insight

City

East Lansing

County

Ingham

State

Michigan

Latitude

42.7182

Longitude

-84.4579

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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