609 Jolly RdLansing, MI 48910

  • Office properties
  • 2,546 SF
For Sale
$160,000 View listing

Property Details for 609 Jolly Rd

Year built
1969
Lot size
0.25 AC
Property size (Sq ft)
2,546 SF
Zone code
D-1 PRO
Property type
Office properties
Property subtype
Office buildings
APN
33-01-01-33-485-001
APU
33010133485001

Description

This exceptional commercial condo at 609 E Jolly Road Unit 3, Lansing, MI, presents a unique investment opportunity. Spanning 3,526 square feet on a 0.26-acre lot, this property offers significant potential for both owner-occupancy and rental income generation. Currently configured as two suites (12A & 12B), the space is ideal for a business seeking to establish a strong presence while simultaneously leveraging additional income streams. One large unit is available, or the two suites can be utilized separately for increased revenue. The property boasts four bathrooms, providing ample convenience for employees and clients. A finished basement offers valuable extra storage space, enhancing the overall functionality of the building. Recent updates include a modernized HVAC system and updated ceiling tiles, ensuring efficient operation and a pleasant aesthetic. This prime Lansing location offers excellent visibility and accessibility, making it an attractive proposition for a wide range of businesses. The asking price is $160,000. Don't miss this chance to own your commercial space and secure a profitable investment. Schedule a showing today to explore the possibilities.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $159,273
    6.5%
    $147,021
    7%
    $136,519
  • Comparable approach

    Method
    Valuation
    Relative Method
    $238,153
    Geo Method
    $238,153
  • Alternative Use

    Use
    Valuation
    Residential
    $182,306
    Hospitality
    $166,991
    Educational
    $138,935
    Medical
    $143,713
    Retail
    $216,121
609 Jolly Rd, Lansing, Michigan

Location Insight

City
Lansing
County
Ingham
State
Michigan
Latitude
42.6835
Longitude
-84.545
CBSA code
29620
CBSA name
LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$12,796
$21,800
$76,600
$98,400
-
$43,600
$153,200
$196,800

FAQs

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