1690 Watertower PlEast Lansing, MI 48823

Property Details for 1690 Watertower Pl

Year built

2008

Property size (Sq ft)

1,193 SF

Zone code

B4

Property type

Office buildings

APN

33-20-01-02-226-201

APU

33200102226201

Description

This exceptional 1,582 square foot office condo, located at 1690 Watertower Place, Suite 300, in East Lansing, Michigan, presents a fantastic opportunity for businesses seeking a prime location. Situated in a Class B building constructed in 2008, this single-tenant space offers a functional and efficient layout within a larger 14,452 square foot building. The property boasts convenient access to major thoroughfares, including West and Coolidge Roads, and benefits from its proximity to the new Coleman Road extension and Eastwood Towne Center (approximately one mile east). This strategic location provides easy access to a wide array of amenities, including restaurants, retailers, hotels, and other office spaces, ensuring a vibrant and convenient work environment. The building features 42 total parking spaces for ample tenant and visitor parking. While the building does not have elevators, the single-story design ensures easy accessibility. The property is zoned B-4 and the annual property taxes are $5,459.47 per square foot. This turnkey office space is available for both sale and lease, making it an ideal option for a variety of business needs. The property's address is 1690 Watertower Pl, Suite 300, East Lansing, MI 48823.

• CAP approach

  CAP return

  Valuation

  6%

  $84,582.50

  6.5%

  $78,076.20

  7%

  $72,499.30

• Comparable approach

  Method

  Valuation

  Relative Method

  $111,593

  Geo Method

  $111,593

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $218,866

  Retail / Commercial

  $99,479.20

  Mixed-Use / Specialty

  $89,073.80

  Hospitality / Lodging

  $52,265

  Institutional / Educational

  $89,008.80

  Residential Income

  $104,140

  Multifamily

  $180,620

  Automotive / Energy

  $76,293.20

  Parking / Income-Based Land

  $36,257.80

  Restaurant / Food Service

  $24,877.90

  Healthcare / Senior Housing

  $101,650

Location Insight

City

East Lansing

County

Ingham

State

Michigan

Latitude

42.7668

Longitude

-84.5079

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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