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Investment Highlights

  • Two-building offering totaling ± 29,000 square feet along Jolly Road in Okemos, MI | Premier Tenancy | New Parking Lot and Roofs.
  • Prime Location - Easy access to I-96, US-127, and Grand River Avenue; minutes from Michigan State University and Downtown East Lansing.
  • Regional Growth Drivers - Supported by MSU, U of M Health-Sparrow, Jackson National Life, and a growing healthcare and technology employment base.
  • Home to Memorial Healthcare’s Neuroscience Center, a leading regional medical provider that has invested in custom buildouts/renovations.
  • Okemos ranks among the Lansing area’s wealthiest communities with high household incomes, educated workforce, and robust housing.
  • Long-Term Stability – Established submarket with limited new construction and consistently strong absorption rates.

Executive Summary

Marcus & Millichap is pleased to exclusively offer a rare opportunity to acquire a two-building portfolio in the highly desirable Okemos submarket of Greater Lansing, Michigan. Strategically located along Jolly Road with excellent visibility and convenient access to I-96, US-127, and the major East Lansing/Okemos retail corridor, the properties offer stable tenancy, strong demographics, and long-term growth potential. With proximity to Michigan State University, downtown Lansing, and the region’s leading healthcare and technology employers, this portfolio is well-positioned to deliver reliable cash flow and value appreciation.
These buildings collectively provide an attractive mix of medical and office space, appealing to a wide range of professional, medical, and service-oriented tenants. The Okemos market benefits from one of the highest household incomes in the Lansing MSA, strong population density, and consistent demand from both regional and national tenants. This portfolio provides investors the ability to acquire immediate in-place income and long-term tenancy.
A key anchor within the portfolio is Memorial Healthcare’s nationally recognized Neuroscience Center, which has demonstrated its long-term commitment to the location by completing major build-outs and renovations within the building. Their investment in these facilities underscores both the quality of the asset and the strategic value of
this corridor for attracting and retaining top-tier healthcare providers. With a mix of professional office, medical, and flex tenants, this portfolio delivers immediate cash flow with further upside through lease-up and continued rent growth in one of Lansing’s most supply-constrained and demographically strong markets.

Property Facts

Price $3,399,000
Price / SF $116.30 / SF
Cap Rate 8.33%
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 29,225 SF
Total Land Area 2.59 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
2525 Jolly Rd, Okemos, MI 48864 Office 14,666 SF 1999 -
2549 Jolly Rd, Okemos, MI 48864 Office 14,559 SF 2000 -
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  • Listing ID: 39723502

  • Date on Market: 3/10/2026

  • Last Updated:

  • Address: JOLLY ROAD PROFESSIONAL CAMPUS-MEMORIAL, Okemos, MI

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