2901 Stabler StLansing, MI 48910

Property Details for 2901 Stabler St

Year built

1988

Lot size

0.70 AC

Property size (Sq ft)

4,508 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

33-01-01-28-328-192

APU

33010128328192

Description

This exceptional 4,508 square foot medical office building, situated on a 0.697-acre lot at 2901 Stabler St., Lansing, MI 48910, presents a compelling investment opportunity. The two-story Class B building, constructed in 1988, boasts ample parking with approximately 35 spaces in a two-tiered lot. The property is currently vacant, offering immediate occupancy and flexibility for a new owner. The building features approximately 1,800 square feet of basement storage, adding significant utility. Designed for ADA accessibility with graded entrances at both levels, the building is equipped with packaged HVAC units for efficient climate control. Zoned D-1 Professional Office, the property is easily adaptable to standard office use, expanding its potential tenant pool. The asking price is $310,000, translating to $68.77 per square foot. This presents a strong value proposition in the Lansing market. The property's size, location, and features make it an ideal investment for those seeking a versatile and well-maintained medical or general office space. The ample parking and convenient location in Ingham County further enhance its appeal.

• CAP approach

  CAP return

  Valuation

  6%

  $282,011

  6.5%

  $260,318

  7%

  $241,724

• Comparable approach

  Method

  Valuation

  Relative Method

  $421,678

  Geo Method

  $421,678

• Alternative Use

  Use

  Valuation

  Residential

  $322,794

  Hospitality

  $295,678

  Educational

  $246,001

  Medical

  $254,461

  Retail

  $382,668

Location Insight

City

Lansing

County

Ingham

State

Michigan

Latitude

42.703

Longitude

-84.5528

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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