1407 Rensen StLansing, MI 48910

Property Details for 1407 Rensen St

Year built

1977

Lot size

1.03 AC

Property size (Sq ft)

9,740 SF

Zone code

H LT IN

Property type

Office buildings

APN

33-01-01-34-451-022

APU

33010134451022

Description

This exceptional two-story, 19,480-square-foot Class B office building at 1407 Rensen St, Lansing, MI 48910, presents a unique investment opportunity. Built in 1977, the property sits on a 1.03-acre lot and offers a highly functional layout ideal for a variety of executive office uses. Each level comprises 9,740 square feet of move-in ready space, featuring numerous private offices, several well-appointed conference and training rooms, and a convenient kitchenette. The building is equipped with modern amenities, including an electric vehicle (EV) charger, ensuring convenience for employees and visitors. The interior is currently furnished, and the existing office furniture is negotiable as part of the sale. Its central location provides easy access to major transportation arteries, including I-496 and I-96, enhancing its appeal and accessibility. The asking price for this turnkey executive office space is $945,000. This property represents a compelling opportunity to acquire a well-maintained, strategically located office building in a thriving Lansing market. The building's size, amenities, and convenient location make it an attractive option for businesses seeking a high-quality workspace.

• CAP approach

  CAP return

  Valuation

  6%

  $609,314

  6.5%

  $562,444

  7%

  $522,270

• Comparable approach

  Method

  Valuation

  Relative Method

  $911,080

  Geo Method

  $911,080

• Alternative Use

  Use

  Valuation

  Residential

  $697,431

  Hospitality

  $638,843

  Educational

  $531,510

  Medical

  $549,789

  Retail

  $826,793

Location Insight

City

Lansing

County

Ingham

State

Michigan

Latitude

42.6853

Longitude

-84.533

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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