101 Washington SqLansing, MI 48933

  • Office buildings
  • 71,825 SF
For Lease
$18.50/SF/YR View listing

Property Details for 101 Washington Sq

Year built
1931
Lot size
0.15 AC
Property size (Sq ft)
71,825 SF
Zone code
G-1 BUS
Property type
Office buildings
APN
33-01-01-16-183-031
APU
33010116183031

Description

This exceptional 6,600 square foot office space is situated within a prestigious 9-story high-rise building at 101 S Washington Square in Lansing, Michigan. The building boasts a total of 66,067 square feet of office space, offering a dynamic and professional environment. This particular suite is ideally located on the corner of Washington Square and Michigan Avenue, providing excellent visibility and accessibility. The property's prime downtown Lansing location places it within easy reach of a variety of amenities, including numerous restaurants, essential services, and government offices. The building is classified as an Executive Office building, suggesting high-quality finishes and amenities. The tenancy is multiple, indicating a vibrant and diverse community of businesses within the building. The property is situated in Ingham County, Michigan, with a zip code of 48933. This presents a unique opportunity for businesses seeking a prominent and well-connected location in the heart of Lansing's business district. The address is 101 S Washington Square, Lansing, MI 48933. This offering provides a substantial and well-positioned space for a variety of business needs. The building's high-rise design offers impressive views and a sophisticated image.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $4,493,225
    6.5%
    $4,147,592
    7%
    $3,851,336
  • Comparable approach

    Method
    Valuation
    Relative Method
    $6,718,510
    Geo Method
    $6,718,510
  • Alternative Use

    Use
    Valuation
    Residential
    $5,143,014
    Hospitality
    $4,710,974
    Educational
    $3,919,474
    Medical
    $4,054,271
    Retail
    $6,096,960

Location Insight

City
Lansing
County
Ingham
State
Michigan
Latitude
42.7338
Longitude
-84.5527
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
$43,987
$29,100
$1,494,900
$1,524,000
-
$58,200
$2,989,800
$3,048,000

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