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123 W Allegan St
Lansing, MI 48933
Billie S. Farnum Building · Office Property For Sale

PROPERTY FACTS

Property Type
Office
Building Size
94,930 SF
Building Class
B
Year Built/Renovated
1959/2012
Percent Leased
100%
Tenancy
Multiple
Building Height
10 Stories
Typical Floor Size
8,000 SF
Building FAR
6.81
Lot Size
0.32 AC
Zoning
G-1 General Business Dist - Commercial Zoned Property
Parking
23 Spaces (10 Spaces per 1,000 SF Leased)

AMENITIES

  • 24 Hour Access
  • Bus Line
  • Conferencing Facility
  • Fenced Lot
  • Security System
  • Storage Space
  • Air Conditioning

ABOUT 123 W ALLEGAN ST , LANSING, MI 48933

The State of Michigan Department of Technology, Management and Budget (DTMB) Real Estate Division with support from the Lansing Economic Area Partnership (LEAP) is pleased to offer the Billie S. Farnum Building located at 123 West Allegan Street and its adjacent private parking lot at 215 South Capitol Avenue in Downtown Lansing, Michigan. Interested bidders should go to www.michigan.gov/farnumbuilding for full details on the property and the bidding process. The subject property will lend itself well to several development/re-development opportunities including many variations of commercial, high density residential, retail, office and mixed uses. The Farnum Building’s most recent use was as offices for the Michigan State Senate. It was originally built as offices for a large bank.

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 01-01-16-328-001
  • 01-01-16-328-191
Land Assessment
$67,500
Improvements Assessment
$6,548,500
Total Assessment
$6,616,000
  • Listing ID: 11736985

  • Date on Market: 2/26/2018

  • Last Updated:

  • Address: 123 W Allegan St, Lansing, MI 48933

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