6920 Cedar StLansing, MI 48911

Property Details for 6920 Cedar St

Year built

1978

Lot size

1.70 AC

Property size (Sq ft)

17,407 SF

Zone code

J & F

Property type

Office buildings

APN

33-01-05-10-376-336

APU

33010510376336

Description

This exceptional 897-square-foot office suite is available for lease at 6920 S Cedar St, Lansing, MI 48911. Located in Ingham County, this space is part of a larger 17,407-square-foot building with a total of 45 parking spaces. The suite itself boasts a convenient private entrance and parking directly at the door. The property is zoned for office use (APN: 33-01-05-10-376-336) and offers a functional layout including three well-appointed offices, a reception/waiting area, and a private restroom. Its traditional design is adaptable to various business needs, making it suitable for traditional, creative, or medical office uses. The building's location just south of I-96 ensures easy accessibility for employees and clients. Nearby amenities include popular businesses such as Starbucks and Lowe's, providing convenience and a vibrant surrounding environment. This is a rare opportunity to secure a well-appointed office space in a desirable Lansing location. The total building size is 17,407 square feet, with 897 square feet currently vacant. The property is situated near the cross streets of Just a Mere and Cedar.

• CAP approach

  CAP return

  Valuation

  6%

  $1,234,140

  6.5%

  $1,139,210

  7%

  $1,057,830

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,628,250

  Geo Method

  $1,628,250

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,193,470

  Retail / Commercial

  $1,451,500

  Mixed-Use / Specialty

  $1,299,670

  Hospitality / Lodging

  $762,596

  Institutional / Educational

  $1,298,720

  Residential Income

  $1,519,500

  Multifamily

  $2,635,410

  Automotive / Energy

  $1,113,190

  Parking / Income-Based Land

  $529,036

  Restaurant / Food Service

  $362,992

  Healthcare / Senior Housing

  $1,483,180

Location Insight

City

Lansing

County

Ingham

State

Michigan

Latitude

42.6564

Longitude

-84.5362

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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