1611 North Grand River Avenue

Off-Market

1611 North Grand River Avenue, Lansing, MI 48906

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Industrial - Warehouse/Distribution
  • Property Size 103,061 SF
  • Lot Size 12.57 Acre
  • Parking Spaces Avail. 56
  • Parking Ratio 0.55 / 1,000 SF
  • Property Tenancy Owner Occupied
  • Building Class B
  • Year Built 1960

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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Brokers

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Documents

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Sales

  • Purchase Date 16 Jan, 2018
  • 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.

  • 2022 Avg. Asking Rent $19.21
  • 2022 Office Vacancy Rate 20.98%
  • 2022 Office Completions (SF)
View more Lansing market trends

Location

Getting Around

  • Walk Score ®

    64/100 Somewhat Walkable
  • Transit Score ®

    38/100 Some Transit
  • Bike Score ®

    73/100 Very Bikeable
Powered by Walk Score ®
  • City Lansing, MI
  • Zip Code 48906
  • Market Detroit

Points of Interest

  • East Lansing

    3.84 miles

  • Sunoco

    0.12 miles

  • Speedway

    0.57 miles

  • Pacific Pride

    0.72 miles

  • Eaton

    0.77 miles

  • Marathon

    0.84 miles

  • Admiral

    0.85 miles

  • Sunoco

    1.00 miles

  • Sunoco

    1.23 miles

  • Greenlots

    1.52 miles

  • ChargePoint

    1.56 miles

  • Lot 56

    0.52 miles

  • LCC Lot E6

    0.78 miles

  • Roosevelt Parking Ramp

    1.17 miles

  • Ottawa Surface Lot

    1.30 miles

  • Capitol Lot

    1.31 miles

  • Allegan Ramp

    1.31 miles

  • Ottawa Ramp

    1.32 miles

  • Allegan Surface Lot

    1.38 miles

  • Hall of Justice East Ramp

    1.38 miles

  • State Visitor Parking

    1.39 miles

  • Olympic Broil

    0.22 miles

  • Golden Harvest

    0.32 miles

  • 100% Cold-Pressed Raw Juice

    0.44 miles

  • Sir Pizza

    0.46 miles

  • Meat BBQ

    0.46 miles

  • The Creole Burger Bar & Southern Kitchen

    0.46 miles

  • Pablo's Old Town

    0.50 miles

  • Arctic Corner

    0.54 miles

  • Taqueria El Chaparrito

    0.54 miles

  • Domino's

    0.61 miles

  • Old Town General Store

    0.57 miles

  • La Estrellita Supermercado

    0.90 miles

  • Gorman's Food Market

    0.99 miles

  • Sunripe Produce

    1.25 miles

  • Capital City Market

    1.46 miles

  • Walmart

    1.98 miles

  • Westlund's Apple Market

    2.00 miles

  • REO Town Marketplace

    2.10 miles

  • Valuland

    2.43 miles

  • Better Health Store

    2.64 miles

  • Lansing Fire Station #2

    0.37 miles

  • Apothecary Pharmacy

    0.78 miles

  • Shared Pregnancy Resource Center

    0.94 miles

  • Rite Aid

    0.98 miles

  • Sparrow Hospital - Saint Lawrence Campus

    0.98 miles

  • Lansing Police North Precinct

    1.03 miles

  • Community Mental Health Authority

    1.06 miles

  • Lansing Fire Station #1

    1.11 miles

  • Lansing Fire Station #8

    1.64 miles

  • Sparrow Hospital

    1.64 miles

Frequently Asked Questions

What is the total square footage of 1611 North Grand River Avenue?

1611 North Grand River Avenue totals 103,061 square feet.

When was this property built?

1611 North Grand River Avenue was built in 1960.

When was 1611 North Grand River Avenue last sold?

1611 North Grand River Avenue was last sold on 16 Jan, 2018.

What is the market value for 1611 North Grand River Avenue?

The market value* for 1611 North Grand River Avenue in 2023 was $2,036,000.
*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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