3448 Lake Lansing RdEast Lansing, MI 48823

Property Details for 3448 Lake Lansing Rd

Year built

2005

Property size (Sq ft)

1,658 SF

Zone code

B4

Property type

Office buildings

APN

33-20-02-06-301-103

APU

33200206301103

Description

This exceptional Class A, 3,000 square foot executive office condo in East Lansing, Michigan is available for ownership. Located at 3448 E Lake Lansing Rd, 48823, this single-unit building boasts a desirable cottage style within the Gaslight Village development. Built in 2005, the two-story structure sits on a 0.02-acre lot and features 50 parking spaces. The property is zoned B4 and offers a serene setting backing onto a wildlife area. The interior is thoughtfully designed, including a reception area with billing office, multiple offices spread across both floors, and a full-sized elevator for convenient access. A lower-level break room and kitchenette provide staff amenities. The asking price is $425,000 ($141.67/sq ft), with an occupancy date of September 1, 2024. This low-maintenance property offers a unique blend of charm and practicality, making it an excellent owner-user investment opportunity in a highly sought-after East Lansing location. The APN is 20-02-06-301-103. This free-standing condo offers convenient parking and a natural, peaceful environment.

• CAP approach

  CAP return

  Valuation

  6%

  $103,721

  6.5%

  $95,743

  7%

  $88,904

• Comparable approach

  Method

  Valuation

  Relative Method

  $155,089

  Geo Method

  $155,089

• Alternative Use

  Use

  Valuation

  Residential

  $118,721

  Hospitality

  $108,748

  Educational

  $90,477

  Medical

  $93,588

  Retail

  $140,742

Location Insight

City

East Lansing

County

Ingham

State

Michigan

Latitude

42.7594

Longitude

-84.481

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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