111 Edgewood BlvdLansing, MI 48911

For Sale
$2,200,000

Lansing, MI Office Flex Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional 44,397 square foot Class B office/flex building presents a compelling value-add investment opportunity in Lansing, Michigan. Located at 111 W Edgewood Blvd, this single-story, 1991-built property boasts a prime location with I-96 frontage, offering excellent visibility and accessibility. The building underwent renovations in 2019 and features a desirable open floor plan with high ceilings, making it ideal for owner-occupancy or continued multi-tenant operation. Currently, the building has four tenants with an 87.39% occupancy rate, projected to reach full occupancy by February 8, 2024. The 5.88-acre lot provides ample space, complemented by 240 parking spaces. The property is zoned S-C (Suburban Commercial) and is situated near major retailers such as Target, Texas Roadhouse, and Celebration Cinema, ensuring high traffic and visibility. With a total of 44,397 net rentable square feet, the asking price is $2,200,000, translating to $49.55 per square foot. Available lease space ranges from 2,800 to 5,600 square feet, presenting further income potential. This property is designated as an Opportunity Zone, offering significant tax advantages for qualified investors. The property's strong location, flexible space, and current occupancy make it an attractive investment prospect with significant upside potential. The APN is 33-01-05-09-326-340.

Highlights

  • 44,397 SF Class B office/flex building in Lansing, MI.
  • Prime I-96 frontage location with excellent visibility and accessibility.
  • Single-story building (1991 construction), renovated in 2019, featuring an open floor plan and high ceilings.
  • 87.39% occupancy (four tenants), projected full occupancy by February 8, 2024.
  • 5.88-acre lot with 240 parking spaces; S-C zoning.
  • $2,200,000 asking price ($49.55/SF).

Property Details for 111 Edgewood Blvd

Property type
Other office properties, Opportunity zone commercial real estate
Square Feet
44,397 SF
Class
B
Year Built/Renovated
1991/2019
Buildings
1
Stories
1
Lot Size (sq. ft)
256,133 SF
Units
1

Location Insight

City
Lansing
County
Ingham
State
Michigan
Latitude
42.660351
Longitude
-84.55398
111 Edgewood Blvd, Lansing, Michigan

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111 Edgewood Blvd
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