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1550 Watertower Pl 11,984 SF Office Condo Unit Offered at $850,000 in East Lansing, MI 48823
Investment Highlights
- 6,915 SF office condominium space available within an 11,984 SF professional building.
- Parking field accommodates approximately 75 vehicles, providing ample parking for staff and visitors.
- Multiple ingress and egress points from West Road and Coolidge Road enhance accessibility.
- Constructed in 2008 and maintained in very good condition
- Suitable for professional office users
Executive Summary
PRICE REDUCED! The property is located on a 0.26-acre lot, features a 6,915 SF office/condo space within the 11,984 SF building. Excellent space for professional office users or medical office; large office spaces could be converted to general office fairly easily. Neighboring tenant: Hall Matson Garver Thomas Law Offices. The build-out features (12) exam rooms with sinks, numerous medical amenities, many other specialty rooms, and is suitable for 17 staff members. 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
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Owner User | APN/Parcel ID | 20-01-02-226-401 |
| No. Parking Spaces | 10 |
| Sale Type | Owner User |
| No. Parking Spaces | 10 |
| APN/Parcel ID | 20-01-02-226-401 |
Description
PRICE REDUCED!
The property is located on a 0.26-acre lot, features a 6,915 SF office/condo space within the 11,984 SF building. Current tenant will be vacating the space January 2027. Excellent space for professional office users or medical office; large office spaces could easily be converted to general office. Neighboring tenant: Hall Matson Garver Thomas Law Offices. The build-out features (12) exam rooms with sinks, numerous medical amenities, many other specialty rooms, and is suitable for 17 staff members. 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
The property is located on a 0.26-acre lot, features a 6,915 SF office/condo space within the 11,984 SF building. Current tenant will be vacating the space January 2027. Excellent space for professional office users or medical office; large office spaces could easily be converted to general office. Neighboring tenant: Hall Matson Garver Thomas Law Offices. The build-out features (12) exam rooms with sinks, numerous medical amenities, many other specialty rooms, and is suitable for 17 staff members. 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
Sale Notes
PRICE REDUCED!
PRICE REDUCED!
The property is located on a 0.26-acre lot, features a 6,915 SF office/condo space within the 11,984 SF building. Current tenant will be vacating the space January 2027. Excellent space for professional office users or medical office; large office spaces could easily be converted to general office. Neighboring tenant: Hall Matson Garver Thomas Law Offices. The build-out features (12) exam rooms with sinks, numerous medical amenities, many other specialty rooms, and is suitable for 17 staff members. 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
PRICE REDUCED!
The property is located on a 0.26-acre lot, features a 6,915 SF office/condo space within the 11,984 SF building. Current tenant will be vacating the space January 2027. Excellent space for professional office users or medical office; large office spaces could easily be converted to general office. Neighboring tenant: Hall Matson Garver Thomas Law Offices. The build-out features (12) exam rooms with sinks, numerous medical amenities, many other specialty rooms, and is suitable for 17 staff members. 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
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 200-1 | 11,984 SF | Office | $850,000 ($70.93/SF) | - |
Unit 200-1
| Unit Size |
| 11,984 SF |
| Condo Use |
| Office |
| Price |
| $850,000 ($70.93/SF) |
| NOI |
| - |
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Unit 200-1
| Unit Size | 11,984 SF |
| Condo Use | Office |
| Price | $850,000 ($70.93/SF) |
| NOI | - |
| Sale Type | Owner User |
| No. Parking Spaces | 10 |
| APN/Parcel ID | 20-01-02-226-401 |
| Description | |
| PRICE REDUCED!<br> <br> The property is located on a 0.26-acre lot, features a 6,915 SF office/condo space within the 11,984 SF building.  Current tenant will be vacating the space January 2027.  Excellent space for professional office users or medical office; large office spaces could easily be converted to general office. Neighboring tenant: Hall Matson Garver Thomas Law Offices.  The build-out features (12) exam rooms with sinks, numerous medical amenities, many other specialty rooms, and is suitable for 17 staff members.  The space is in very good condition and shows well.<br> <br> There are multiple points of ingress / egress from West Road and Coolidge Road, with parking for ±75 Vehicles.<br> <br> 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<br> <br> Traffic: Moderate (9,591 VPD) in the Immediate Area; Increases to 25,631 VPD on W Lake Lansing Road</li></ul> | |
| Sale Notes | |
| PRICE REDUCED!<br> <br> PRICE REDUCED!<br> <br> The property is located on a 0.26-acre lot, features a 6,915 SF office/condo space within the 11,984 SF building.  Current tenant will be vacating the space January 2027.  Excellent space for professional office users or medical office; large office spaces could easily be converted to general office. Neighboring tenant: Hall Matson Garver Thomas Law Offices.  The build-out features (12) exam rooms with sinks, numerous medical amenities, many other specialty rooms, and is suitable for 17 staff members.  The space is in very good condition and shows well.<br> <br> There are multiple points of ingress / egress from West Road and Coolidge Road, with parking for ±75 Vehicles.<br> <br> 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<br> <br> Traffic: Moderate (9,591 VPD) in the Immediate Area; Increases to 25,631 VPD on W Lake Lansing Road</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 11,984 SF | Typical Floor Size | 11,984 SF |
| Property Type | Office (Condo) | Year Built | 2009 |
| Property Subtype | Medical | Lot Size | 0.50 AC |
| Building Class | B | Parking Ratio | 6.26/1,000 SF |
| Floors | 1 | ||
| Zoning | B-4 - Commercial Zoned District | ||
| Total Building Size | 11,984 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 11,984 SF |
| Year Built | 2009 |
| Lot Size | 0.50 AC |
| Parking Ratio | 6.26/1,000 SF |
| Zoning | B-4 - Commercial Zoned District |
Amenities
- Signage
- Reception
- Storage Space
- Air Conditioning
- Smoke Detector
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
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Photos
Street View
Street
Map
1 of 1
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1550 Watertower Pl