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1611 North Grand River Avenue

Off-Market

1611 North Grand River Avenue, Lansing, MI 48906

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  • 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

Location

  • Walk Score ® Somewhat Walkable (64)
  • Transit Score ® Some Transit (38)
  • Bike Score ® Very Bikeable (73)
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

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 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.

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

Tax

  • Base Tax $56,352
  • Current Tax $43,859
  • Market Value* $1,480,400
  • Assessed Value $1,480,400

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 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 2022 was $1,480,400.
*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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