1568 Lake Lansing RdLansing, MI 48912

Property Details for 1568 Lake Lansing Rd

Year built

1978

Lot size

1.37 AC

Property size (Sq ft)

2,913 SF

Zone code

G GENER

Property type

Medical offices

Property subtype

Medical centers

APN

33-21-01-03-427-027

APU

33210103427027

Description

This 3,220 sq ft medical office suite, located at 1568 Lake Lansing Road in Lansing, presents a turnkey opportunity within a thriving medical hub. The single-story, 5,908 sq ft building, constructed in 1978, is classified as Class B and sits on a 1.37-acre lot (APN: 21-01-03-427-027). Currently, the building features multiple tenants, including a private medical practice and a cosmetic day spa. This available suite offers a private entrance, a welcoming reception area with a desk/office, and nine adaptable exam/office spaces, all recently updated. The space is highly flexible and can be subdivided to accommodate various needs. Building amenities include barrier-free access, two restrooms, and ample common areas ideal for support staff. With 54 total parking spaces and Office zoning, this property provides convenient access and ample parking for patients and staff. The suite's location within a premier medical area ensures high visibility and accessibility for potential clients. This is an exceptional opportunity for a medical, cosmetic, or professional office seeking a well-maintained and conveniently located space.

• CAP approach

  CAP return

  Valuation

  6%

  $206,529

  6.5%

  $190,642

  7%

  $177,025

• Comparable approach

  Method

  Valuation

  Relative Method

  $272,482

  Geo Method

  $272,482

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $534,416

  Retail / Commercial

  $242,903

  Mixed-Use / Specialty

  $217,495

  Hospitality / Lodging

  $127,618

  Institutional / Educational

  $217,337

  Residential Income

  $254,284

  Multifamily

  $441,027

  Automotive / Energy

  $186,288

  Parking / Income-Based Land

  $88,532.20

  Restaurant / Food Service

  $60,745.30

  Healthcare / Senior Housing

  $248,204

Location Insight

City

Lansing

County

Ingham

State

Michigan

Latitude

42.7604

Longitude

-84.5275

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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