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Historical Occupancy & Stable NOI 822 Centennial Way 19,954 SF 28% Leased Office Building Online Auction Sale Lansing, MI 48917
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Investment Highlights
- 822 Centennial Way is a multi-tenant professional office building spanning 19,954 square feet, ideal for healthcare or general office use.
- Investment opportunity to take advantage of leasing momentum, or an owner/user can occupy and offset expenses with secured rental income.
- Capitol Commerce Center is built out with dedicated reception areas, private offices, conferencing facilities, and spacious cubicle infrastructure.
- Exceptional access to Lansing’s key corridors with quick Interstate 496 access, the Regional Lansing Mall, the state capitol, and downtown.
- Features a beautifully landscaped exterior with on-site parking and private rear access to a wooded break area for a serene office environment.
- Professional and financial existing tenants have been on-site for 12 and 16 years, underscoring well-performing, long-term occupancy.
Executive Summary
Martin Commercial Properties proudly presents Lansing, Michigan’s Capital Commerce Center, located at 822 Centennial Way, offering a stabilized and well-located office asset.
Built in 1998, Capitol Commerce Center boasts a large atrium, open lobby, spacious common areas, a beautifully landscaped exterior, and ample on-site parking, offering a professional and inviting business environment.
Located just 0.5 miles from Interstate 496 and a short drive from the Saginaw retail corridor and State Capitol, Capitol Commerce Center is strategically positioned for success. Interstate 96 and 69 are about just 2 miles away, and Lansing’s Grand Ledge and neighboring areas are approximately 7 miles away. The Capital Region International Airport is a 15-minute drive away.
Lansing has evolved into a capital city where suburban streets are within a few miles of manufacturers, large employers, Michigan State University (9 miles), and two major hospitals. Lansing’s top employers include General Motors and Peckham Incorporated. Michigan State University also employs over 11,000 residents and contributes to a well-educated workforce, with popular fields of study in business and engineering. The downtown area is home to Michigan’s capital and several state government offices, employing over 13,800 people.
Capitol Commerce Center’s 5-mile demographics confirm that public administration, education, health services, and professional business services retain the three largest daytime employment sectors, while financial services trails closely behind, aligning with the subject’s capabilities and build-out.
Lansing’s office employment base is a genuine strength of the metro, anchored by state government and a deep insurance and finance cluster. The Lansing area serves as headquarters to several major insurers, including Auto-Owners Insurance, Jackson National Life, the Accident Fund, and Farm Bureau Insurance of Michigan. State agencies, professional services, and information-technology employment further reinforce a sizable and durable office base.
Property tours are by appointment only. Please contact the listing broker to schedule.
Built in 1998, Capitol Commerce Center boasts a large atrium, open lobby, spacious common areas, a beautifully landscaped exterior, and ample on-site parking, offering a professional and inviting business environment.
Located just 0.5 miles from Interstate 496 and a short drive from the Saginaw retail corridor and State Capitol, Capitol Commerce Center is strategically positioned for success. Interstate 96 and 69 are about just 2 miles away, and Lansing’s Grand Ledge and neighboring areas are approximately 7 miles away. The Capital Region International Airport is a 15-minute drive away.
Lansing has evolved into a capital city where suburban streets are within a few miles of manufacturers, large employers, Michigan State University (9 miles), and two major hospitals. Lansing’s top employers include General Motors and Peckham Incorporated. Michigan State University also employs over 11,000 residents and contributes to a well-educated workforce, with popular fields of study in business and engineering. The downtown area is home to Michigan’s capital and several state government offices, employing over 13,800 people.
Capitol Commerce Center’s 5-mile demographics confirm that public administration, education, health services, and professional business services retain the three largest daytime employment sectors, while financial services trails closely behind, aligning with the subject’s capabilities and build-out.
Lansing’s office employment base is a genuine strength of the metro, anchored by state government and a deep insurance and finance cluster. The Lansing area serves as headquarters to several major insurers, including Auto-Owners Insurance, Jackson National Life, the Accident Fund, and Farm Bureau Insurance of Michigan. State agencies, professional services, and information-technology employment further reinforce a sizable and durable office base.
Property tours are by appointment only. Please contact the listing broker to schedule.
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Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Office
Building Size
19,954 SF
Building Class
B
Year Built
1998
Percent Leased
28%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
9,977 SF
Building FAR
0.15
Lot Size
3.12 AC
Parcel Number
040-043-700-120-00
Zoning
O - Office
Parking
100 Spaces (5.01 Spaces per 1,000 SF Leased)
Amenities
- Atrium
- Signage
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
- 1st Fl-Ste 100
- 4,000-9,500 SF
- Office
- Full Build-Out
- Now
- 2nd Fl-Ste 250
- 3,818 SF
- Office
- Full Build-Out
- Now
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 100 | 4,000-9,500 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 250 | 3,818 SF | Office | Full Build-Out | Now |
1st Fl-Ste 100
| Size |
| 4,000-9,500 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 250
| Size |
| 3,818 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Demographics
Demographics
1 mile
3 mile
5 mile
2025 Population
4,247
36,751
98,049
2020 Population
4,361
37,532
98,790
2030 Population
4,241
36,812
98,978
2025-2030 Projected Population Growth
-0.1%
0.2%
0.9%
Daytime Employees
7,606
28,748
83,345
Total Businesses
366
2,000
5,237
Average Household Income
$87,136
$87,612
$78,244
Median Household Income
$72,207
$70,322
$61,679
Total Consumer Spending
$55.7M
$459.8M
$1.1B
Median Age
47.2
42.0
39.4
2025 Households
1,979
16,683
42,987
Percent College Degree or Above
25%
24%
20%
Average Home Value
$249,166
$256,171
$214,139
Sale Advisors
Sale Advisors
Thomas Jamieson, Senior Associate/Office Advisor
Tom provides leadership and oversight of the office team coordinating goals and objectives, as well as pursuits for the team to ensure a successful plan is achieved. Tom came to Martin Commercial Properties in 2006 following a successful sales and management career with Alltel Communications. Tom’s embodiment of the company's commitment to put the client’s needs first has enabled him to grow in his profession quickly and earned him the role of office team leader.
Eric Rosekrans, Senior Vice President/Office Advisor
As a 39-year veteran with Martin Commercial Properties, Eric Rosekrans has established himself as the leading office property specialist and commercial real estate advisor in Mid-Michigan, and has consistently been recognized as a top producer with a portfolio of office property in excess of 9 MSF.
Throughout his tenure, Eric has cultivated long standing company relationships with most major office users in the Greater Lansing Area, including such entities as Jackson National Life Insurance Company, Auto-Owners Insurance Company, and several major law firms, associations and lobbying groups.
As his role has expanded in scope to include corporate and institutional work for his clients, Eric has functioned as the single-point-of-contact to coordinate multi-million dollar transactions in office markets throughout the country.
Throughout his tenure, Eric has cultivated long standing company relationships with most major office users in the Greater Lansing Area, including such entities as Jackson National Life Insurance Company, Auto-Owners Insurance Company, and several major law firms, associations and lobbying groups.
As his role has expanded in scope to include corporate and institutional work for his clients, Eric has functioned as the single-point-of-contact to coordinate multi-million dollar transactions in office markets throughout the country.
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Kevin Loudy
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Videos
Matterport 3D Exterior
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Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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Historical Occupancy & Stable NOI | 822 Centennial Way
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