1433 Michigan AveLansing, MI 48912

For Sale
$599,000

Prime Medical Office, Redevelopment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
93
This 5,747 square foot medical office building, situated on a 0.56-acre lot in Lansing, Michigan, presents a compelling investment opportunity. Currently vacant, the property offers significant redevelopment potential or immediate occupancy. The building, constructed in 1983, features a central atrium with a decorative fountain, serving as an additional waiting area. The layout comprises four suites: two 2,800 square foot suites (A & B), each including an x-ray room and exam/lab rooms, and two 1,400 square foot suites (C & D). Suites C and D are easily combinable. The property boasts 36 parking spaces, convenient access from Michigan Avenue and a rear alleyway to Custer Avenue, ensuring high visibility and accessibility. The F-1 COM zoning allows for a variety of uses. Existing building signage offers additional marketing potential. The property's location near Sparrow Hospital, Fabiano Candies, and Soup Spoon Cafe provides excellent visibility and proximity to key amenities. The asking price is $599,000, translating to $104.23 per square foot of net rentable space (5,600 sq ft). This property is an ideal owner-occupier building or a promising redevelopment project in a thriving Lansing location. The APN is 33-01-01-15-259-122.

Highlights

  • $599,000 asking price for a 5,600 SF net rentable medical office building.
  • Vacant, 5,747 total square foot Class C building on a 0.56-acre lot in Lansing, MI.
  • Modified lease type, 36 parking spaces, and built in 1983.
  • Located at 1433 E Michigan Ave, Lansing, MI 48912, near Sparrow Hospital.
  • Features multiple suites with exam/lab rooms and x-ray capabilities; easily adaptable for redevelopment.

Property Details for 1433 Michigan Ave

Property type
Other office properties, Medical offices
Square Feet
5,747 SF
Class
C
Year Built
1983
Buildings
1
Lot Size (sq. ft)
24,394 SF

Location Insight

City
Lansing
County
Ingham
State
Michigan
Latitude
42.733540998582
Longitude
-84.529823748074
1433 Michigan Ave, Lansing, Michigan

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1433 Michigan Ave
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