5075 Willoughby RdHolt, MI 48842

  • Assisted living facilities
  • 15,321 SF
For Lease

Property Details for 5075 Willoughby Rd

Year built
1996
Lot size
10.22 AC
Property size (Sq ft)
15,321 SF
Zone code
A-1
Property type
Assisted living facilities
Property subtype
Retirement homes
APN
33-25-05-16-229-002
APU
33250516229002

Description

This exceptional Class A office building, located at 5075 E. Willoughby Rd in Holt, Michigan, offers 1,655 square feet of immediately available space. The property sits on an expansive 11-acre lot, providing ample parking and a serene work environment. The building is currently entirely vacant, presenting a unique opportunity for a single tenant to occupy the entire space or for multiple tenants to lease individual suites. Flexible lease terms are available to accommodate various business needs. Suites range in size from a minimum of 395 square feet to a maximum contiguous space of 730 square feet, making it ideal for small to medium-sized businesses. The building's "Executive Office" designation reflects its high-quality construction and finishes, ensuring a professional and productive workspace. Located in Ingham County, with a Holt, MI 48842 zip code, this property offers easy access to major transportation routes and local amenities. The building's 1,655 total square feet is divided into three available spaces, providing options for businesses of varying sizes. This is a rare opportunity to secure prime office space in a desirable location. Contact us today to schedule a viewing and explore the possibilities.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $936,885
    6.5%
    $864,817
    7%
    $803,044
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,388,674
    Geo Method
    $1,388,674
  • Alternative Use

    Use
    Valuation
    Residential
    $1,097,057
    Hospitality
    $1,004,898
    Educational
    $836,064
    Medical
    $864,817
    Retail
    $1,300,543
5075 Willoughby Rd, Holt, Michigan

Location Insight

City
Holt
County
Ingham
State
Michigan
Latitude
42.6524
Longitude
-84.547
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
2022
$58,846
$60,100
$899,200
$959,300
-
$120,200
$1,798,400
$1,918,600

FAQs

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