1503 Glastonbury DrSaint Johns, MI 48879

Property Details for 1503 Glastonbury Dr

Year built

2001

Lot size

1.01 AC

Property size (Sq ft)

4,943 SF

Zone code

O

Property type

Medical offices

Property subtype

Medical space

APN

300-021-100-010-13

APU

30002110001013

Description

This exceptional 1,691 square foot medical office suite is available for lease at 1503 Glastonbury Drive in Lansing's desirable medical submarket. Located in a single-story, dual-tenant building constructed in 2001, this space offers a prime opportunity for medical professionals seeking a well-appointed and conveniently located practice. The suite boasts three exam rooms, dedicated office space, a functional lab area, a comfortable break room, and a welcoming waiting room complete with a reception window. Previously occupied by a dental practice, the space is ready for immediate occupancy and customization to suit your specific needs. The property sits on a 1.01-acre lot and includes ample parking with 24 spaces available for patients and staff. The building's address is conveniently located south of downtown St. Johns, offering easy access to US-127. The property is zoned O - Commercial and has an APN of 300-021-100-010-13. The total building size is 4,943 square feet, with 1,691 square feet currently vacant. This single-tenant suite presents a unique opportunity to establish or expand your medical practice in a thriving location. Don't miss this chance to secure this well-equipped and strategically positioned medical office space.

• CAP approach

  CAP return

  Valuation

  6%

  $309,224

  6.5%

  $285,438

  7%

  $265,049

• Comparable approach

  Method

  Valuation

  Relative Method

  $462,368

  Geo Method

  $462,368

• Alternative Use

  Use

  Valuation

  Residential

  $353,942

  Hospitality

  $324,209

  Educational

  $269,738

  Medical

  $279,015

  Retail

  $419,593

Location Insight

City

Saint Johns

County

Clinton

State

Michigan

Latitude

42.9861

Longitude

-84.5493

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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