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1012 North Walnut Street

Off-Market

1012 North Walnut Street, Lansing, MI 48906

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  • Property Type Office - R&D - Office
  • Property Size 59,359 SF
  • Lot Size 2.25 Acre
  • Property Tenancy Owner Occupied
  • Building Class C
  • Year Built 1924

Location

  • Walk Score ® Very Walkable (83)
  • Transit Score ® Some Transit (47)
  • Bike Score ® Biker's Paradise (95)
Powered by Walk Score ®
  • City Lansing, MI
  • Zip Code 48906
  • Market Detroit

Points of Interest

East Lansing

3.58 miles

Eaton

0.30 miles

Marathon

0.39 miles

Pacific Pride

0.43 miles

Speedway

0.52 miles

Sunoco

0.59 miles

Sunoco

0.97 miles

ChargePoint

1.10 miles

Greenlots

1.10 miles

Admiral

1.22 miles

Clipper Creek

1.27 miles

LCC Lot E6

0.31 miles

Lot 56

0.37 miles

Roosevelt Parking Ramp

0.69 miles

Capitol Lot

0.82 miles

Allegan Ramp

0.83 miles

Ottawa Surface Lot

0.83 miles

Ottawa Ramp

0.85 miles

Allegan Surface Lot

0.91 miles

State Visitor Parking

0.92 miles

Hall of Justice East Ramp

0.93 miles

Cozy Koi Bed and Breakfast

0.28 miles

Radisson Hotel Lansing at the Capitol

0.83 miles

Courtyard Lansing Downtown

1.07 miles

Homewood Suites by Hilton Lansing Eastwood

2.38 miles

Hyatt Place

2.52 miles

Quality Inn University

2.52 miles

Fairfield Inn & Suites by Marriott Lansing at Eastwood

2.66 miles

Holiday Inn Express

2.78 miles

Hampton

2.99 miles

Kellogg Hotel and Conference Center

3.35 miles

100% Cold-Pressed Raw Juice

0.28 miles

Olympic Broil

0.29 miles

Sir Pizza

0.35 miles

The Creole Burger Bar & Southern Kitchen

0.40 miles

Pablo's Old Town

0.41 miles

Meat BBQ

0.41 miles

Arctic Corner

0.43 miles

Taqueria El Chaparrito

0.46 miles

517 BBQ

0.49 miles

Einstein Bros. Bagels

0.51 miles

Walnut Street School

0.01 miles

Mid-Michigan Leadership Academy

0.34 miles

Former Cedar Street Elementary School

0.53 miles

Lansing Community College

0.55 miles

Willow Street School

0.59 miles

Otto Middle School

0.98 miles

Willow Street School

0.98 miles

High Street School

1.02 miles

Grand River Elementary School

1.03 miles

Saint Therese School

1.08 miles

Michigan State University Child Development Laboratories

3.48 miles

Little Dreamers Daycare Center

4.25 miles

Eastminster Child Development Center

4.77 miles

Gilden Woods

7.51 miles

Gilden Woods Okemos

7.63 miles

Wilkshire Early Childhood Center

8.49 miles

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 03 Oct, 2006
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Lansing

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Lansing Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $20.61
  • 2020 Office Vacancy Rate 9.80%
  • 2020 Office Completions (SF)
View more Lansing market trends

Tax

  • Base Tax $29,013
  • Current Tax $25,547
  • Market Value* $762,200
  • Assessed Value $762,200

Find more tax info, including assessment history and abatements, on CommercialEdge

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of 1012 North Walnut Street?

1012 North Walnut Street totals 59,359 square feet.

When was this property built?

1012 North Walnut Street was built in 1924.

When was 1012 North Walnut Street last sold?

1012 North Walnut Street was last sold on 03 Oct, 2006.

What is the market value for 1012 North Walnut Street?

The market value* for 1012 North Walnut Street in 2022 was $762,200.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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