1044 Eastbury DrLansing, MI 48917

Property Details for 1044 Eastbury Dr

Year built

2001

Lot size

8.72 AC

Property size (Sq ft)

29,768 SF

Zone code

NONE

Property type

Office buildings

APN

040 010 300 218 00

APU

4001030021800

Description

This exceptional Class A office building, totaling 29,768 square feet, is situated on a generous 8.72-acre lot. Built in 2001 and extensively renovated in 2021, this two-story structure offers a sophisticated and functional workspace. The property boasts a striking circular drive leading to a covered main entrance, enhancing both curb appeal and accessibility. Covered balconies and patios grace three sides of each floor, providing tranquil views of a nearby creek and surrounding woodlands. The ideal setting and layout make it perfect for corporate headquarters. The upper level features a spacious reception area, a formal conference room, private offices, workstations, and a flexible open area suitable for cubicles. The lower level includes a convenient cafeteria with an adjoining patio, a well-equipped workout facility, a training room, a dedicated server room, private offices, open space for cubicles, and restrooms complete with a shower. Security is ensured with a key card access system, and a robust 230kW backup generator provides complete building power redundancy. Conveniently located off Saginaw Highway, with easy access to I-96, this property enjoys proximity to a variety of restaurants, shopping centers, and hotels. The building offers 132 parking spaces and is zoned for office use. Available space ranges from approximately 5,000 to 30,000 square feet, offering flexibility for various business needs.

• CAP approach

  CAP return

  Valuation

  6%

  $2,110,520

  6.5%

  $1,948,170

  7%

  $1,809,020

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,905,770

  Geo Method

  $1,905,770

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $5,461,200

  Retail / Commercial

  $2,482,230

  Mixed-Use / Specialty

  $2,222,590

  Hospitality / Lodging

  $1,304,130

  Institutional / Educational

  $2,220,970

  Residential Income

  $2,598,530

  Multifamily

  $4,506,860

  Automotive / Energy

  $1,903,690

  Parking / Income-Based Land

  $904,712

  Restaurant / Food Service

  $620,758

  Healthcare / Senior Housing

  $2,536,400

Location Insight

City

Lansing

County

Eaton

State

Michigan

Latitude

42.7438

Longitude

-84.6531

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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