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1550 Watertower Pl 12,030 SF Office Building East Lansing, MI 48823 $1,200,000 ($99.75/SF)



Executive Summary
The property is located on a 0.26-acre lot, features a 6,915 SF office/condo space within the 11,984 SF building. The facility was built in 2008. Current co-tenants include The Cancer & Hematology Center and Hall Matson Law Offices. Formerly occupied by Red Cedar Oncology, the build-out features 7 exam rooms, numerous other medical amenities, and is suitable for a staff of 17 members working in the space. The space is in very good condition and shows well.
There are multiple points of ingress / egress from West Road and Coolidge Road, with parking for ±75 Vehicles.
Location: 0.6 Miles NW of US-127, 2.4 Miles NE of US-127 and Business 69 Interchange, and 1.1 Miles from Eastwood Towne Center
Traffic: Moderate (9,591 VPD) in the Immediate Area; Increases to 25,631 VPD on W Lake Lansing Road
There are multiple points of ingress / egress from West Road and Coolidge Road, with parking for ±75 Vehicles.
Location: 0.6 Miles NW of US-127, 2.4 Miles NE of US-127 and Business 69 Interchange, and 1.1 Miles from Eastwood Towne Center
Traffic: Moderate (9,591 VPD) in the Immediate Area; Increases to 25,631 VPD on W Lake Lansing Road
Property Facts
Sale Type
Owner User
Property Type
Building Size
12,030 SF
Building Class
B
Year Built
2009
Price
$1,200,000
Price Per SF
$99.75
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
12,030 SF
Building FAR
1.06
Lot Size
0.26 AC
Zoning
B-4 - Business
Parking
56 Spaces (4.66 Spaces per 1,000 SF Leased)
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $553,000 | |
| Land Assessment | $0 | Total Assessment | $553,000 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$553,000
Total Assessment
$553,000
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1550 Watertower Pl
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