2025 Holmes RdLansing, MI 48910

Property Details for 2025 Holmes Rd

Year built

1965

Lot size

1.10 AC

Property size (Sq ft)

3,840 SF

Zone code

D-1 PRO

Property type

Medical offices

Property subtype

Medical centers

APN

33-01-01-32-101-385

APU

33010132101385

Description

This exceptional 1,075-square-foot office suite, located in Lansing near the Holmes/Pleasant Grove intersection, presents a unique opportunity for a variety of businesses. Situated in a single-story, 3,840-square-foot Class C building constructed in 1965, this space offers a flexible layout ideal for executive offices, coworking, medical practices, traditional offices, or creative enterprises. The suite boasts a welcoming reception area, two recently updated half-baths, and a sizable open room previously used as a church and, earlier, a dentist's office. The adaptable space allows for easy customization to meet your specific needs; walls can be reconfigured to create private offices if desired. Separate utility meters provide cost control. A valuable added benefit is the availability of basement storage space. The property includes ample parking with 20 spaces available on a 1.1-acre lot. The asking rent is $500 per month ($6,000 annually), with a one-year lease preferred. Tenants are responsible for their own utilities. This property is located at 2025 W Holmes Rd Suite #4, with convenient access via Simken Drive. Don't miss this chance to secure a well-located, adaptable office space in a thriving area of Lansing.

• CAP approach

  CAP return

  Valuation

  6%

  $240,223

  6.5%

  $221,744

  7%

  $205,905

• Comparable approach

  Method

  Valuation

  Relative Method

  $359,194

  Geo Method

  $359,194

• Alternative Use

  Use

  Valuation

  Residential Income

  $274,962

  Hospitality / Lodging

  $251,864

  Institutional / Educational

  $209,548

  Healthcare / Senior Housing

  $216,755

  Retail / Commercial

  $325,964

Location Insight

City

Lansing

County

Ingham

State

Michigan

Latitude

42.6971

Longitude

-84.5797

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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