1525 Watertower PlEast Lansing, MI 48823

  • Commercial land
  • 0.49 AC
For Sale
$390,000 View listing

Property Details for 1525 Watertower Pl

Lot size
0.49 AC
Zone code
B4
Property type
Commercial land
APN
33-20-01-02-226-107
APU
33200102226107

Description

This exceptional 0.492-acre commercial land parcel, located at 1525 Watertower Place in East Lansing, Michigan (48823), presents a remarkable opportunity for immediate development. Situated within the prestigious Watertower Place office condo development, this lot is the last remaining site, offering unparalleled visibility and convenience. The property boasts a prime location at the entrance on Coolidge Road, ensuring maximum exposure for any new construction. All utilities are readily available, and a pre-installed parking lot eliminates significant upfront infrastructure costs. The site is zoned for office use and benefits from the efficient management of common area maintenance provided by the condominium association. Its strategic location in East Lansing, just north of Lake Lansing Road and easily accessible from US 127, provides excellent connectivity and accessibility. The property is offered fee simple with an asking price of $390,000 and the APN is 33-20-01-02-226-107. This is a truly unique opportunity to establish a presence in a thriving East Lansing business community. Don't miss this chance to acquire the last available lot in this highly sought-after development.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,534,634
    Hospitality
    $1,405,716
    Educational
    $1,169,540
    Medical
    $1,209,762
    Retail
    $1,819,284
1525 Watertower Pl, East Lansing, Michigan

Location Insight

City
East Lansing
County
Ingham
State
Michigan
Latitude
42.7663
Longitude
-84.5044
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
$6,171
$85,700
-
$85,700
-
$171,400
-
$171,400

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