106 Allegan StLansing, MI 48933

Property Details for 106 Allegan St

Year built

1900

Lot size

0.34 AC

Property size (Sq ft)

92,790 SF

Property type

Office buildings

APN

33-01-01-16-325-031

APU

33010116325031

Description

The Hollister Building at 106 W. Allegan Street offers a prime retail opportunity in a high-traffic location. This multi-tenant building boasts a total of 93,000 square feet, with 1,485 square feet currently available for lease. The space is street-level, ensuring excellent visibility and pedestrian access. Ideal for a variety of retail or service businesses, the minimum leasable space is 1,035 square feet, while the maximum contiguous space available is 1,485 square feet. The building's strategic location benefits from a significant workforce within a three-mile radius, exceeding 96,000 employees. This presents a unique chance to tap into a large consumer base. The property is well-suited for businesses seeking high visibility and convenient access for customers. The available space is ready for immediate occupancy, providing a seamless transition for new tenants. This is an exceptional opportunity to establish a thriving business in a vibrant and densely populated area. The building's strong location and ample square footage make it an attractive option for businesses looking to expand or establish a new presence. Serious inquiries are encouraged to explore this exceptional retail space.

• CAP approach

  CAP return

  Valuation

  6%

  $5,804,752

  6.5%

  $5,358,233

  7%

  $4,975,502

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,679,577

  Geo Method

  $8,679,577

• Alternative Use

  Use

  Valuation

  Residential

  $6,644,208

  Hospitality

  $6,086,060

  Educational

  $5,063,530

  Medical

  $5,237,672

  Retail

  $7,876,602

Location Insight

City

Lansing

County

Ingham

State

Michigan

Latitude

42.7329

Longitude

-84.5531

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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