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2117 E Grand River Ave 4,400 SF 100% Leased Office Building Lansing, MI 48912 $1,157,000 ($262.95/SF) 8.75% Cap Rate
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
4,400 SF
Building Class
C
Year Built/Renovated
1957/1998
Price
$1,157,000
Price Per SF
$262.95
Cap Rate
8.75%
NOI
$101,238
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,400 SF
Building FAR
0.25
Lot Size
0.41 AC
Zoning
E LOCAL
Parking
25 Spaces (5.68 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Signage
1 1
Walk Score®
Very Walkable (74)
PROPERTY TAXES
| Parcel Number | 21-01-11-360-003 | Improvements Assessment | $226,000 |
| Land Assessment | $51,300 | Total Assessment | $277,300 |
PROPERTY TAXES
Parcel Number
21-01-11-360-003
Land Assessment
$51,300
Improvements Assessment
$226,000
Total Assessment
$277,300
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2117 E Grand River Ave
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