915 Centennial WayLansing, MI 48917

For Sale
Call for price

17,572 SF Office, 52% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional value-add investment opportunity presents two Class B office buildings totaling 17,572 square feet of net rentable space, situated on a 2.34-acre lot in Lansing, Michigan. Constructed in 1995, the property features a modified lease type and multi-tenancy occupancy currently at 52.18%. Located at 915 and 927 Centennial Way, this fee-simple ownership opportunity benefits from a prime location at the corner of West Street, Joseph Highway, and Creyts Road, providing convenient access to major highways and interstates. The property's proximity to downtown Lansing, Michigan State University (MSU) – a major university with over 48,900 students and 11,400 faculty and staff – and significant employers such as the State of Michigan, General Motors, and Sparrow Health System, ensures strong potential for future growth and occupancy. The area also boasts a vibrant mix of cultural attractions, including the Michigan State Capitol, Michigan History Center, and Potter Park Zoo, along with numerous restaurants and entertainment venues. This presents a compelling opportunity for an owner/user or investor seeking to capitalize on the Lansing MSA's robust economy and strategic location. The property's current occupancy provides immediate cash flow, while the significant upside potential allows for value creation through lease-up and potential renovations.

Highlights

  • 17,572 SF of net rentable space in two Class B office buildings on a 2.34-acre lot.
  • Located at 915 and 927 Centennial Way, Lansing, MI, at a major intersection with easy highway access.
  • 52.18% occupancy with modified lease terms and multi-tenant occupancy, offering immediate cash flow.
  • Fee-simple ownership with strong upside potential due to location near MSU, major employers, and downtown Lansing.

Property Details for 915 Centennial Way

Property type
Other office properties, Office properties
Square Feet
17,572 SF
Class
B
Year Built
1995
Buildings
2
Lot Size (sq. ft)
101,930 SF

Location Insight

City
Lansing
County
Eaton
State
Michigan
Latitude
42.7235719
Longitude
-84.6453925
915 Centennial Way, Lansing, Michigan

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915 Centennial Way
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