3370 Jolly RdLansing, MI 48910

Property Details for 3370 Jolly Rd

Year built

2000

Lot size

1.97 AC

Property size (Sq ft)

19,392 SF

Zone code

C-2

Property type

Medical offices

Property subtype

Medical centers

APN

33-25-05-02-200-035

APU

33250502200035

Description

This exceptional 20,000-square-foot medical office building, constructed in 2000, presents a unique opportunity for medical professionals. Situated on a 1.97-acre lot in Lansing, Michigan (APN: 33-25-05-02-200-035), this two-story building boasts a highly desirable C-2 zoning. Currently, 9,698 square feet of space is available for lease in a single tenancy. The property features a spacious lobby with a separate reception area, multiple nurses' stations, seven private offices, thirteen private exam rooms, five additional curtain exam areas, two x-ray rooms, and six restrooms. A convenient conference room and break room are also included. This turnkey facility is ideally suited for a variety of medical uses, including physician practices, urgent care centers, or medical spas. Its strategic location on Jolly Road, between Lansing and Okemos, provides easy access to US-127 and surrounding communities such as MSU, Mason, East Lansing, and Holt. The building's previous use as an Advanced Cardiac and Vascular center speaks to its high-quality construction and suitability for medical practices. This is a rare opportunity to acquire a well-appointed medical office building in a thriving location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,374,870

  6.5%

  $1,269,110

  7%

  $1,178,460

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,813,930

  Geo Method

  $1,813,930

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,557,640

  Retail / Commercial

  $1,617,020

  Mixed-Use / Specialty

  $1,447,880

  Hospitality / Lodging

  $849,558

  Institutional / Educational

  $1,446,820

  Residential Income

  $1,692,780

  Multifamily

  $2,935,940

  Automotive / Energy

  $1,240,130

  Parking / Income-Based Land

  $589,364

  Restaurant / Food Service

  $404,385

  Healthcare / Senior Housing

  $1,652,310

Location Insight

City

Lansing

County

Ingham

State

Michigan

Latitude

42.6824

Longitude

-84.5058

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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