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120 East Jolly Road

Off-Market

120 East Jolly Road, Lansing, MI 48910

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  • Property Type Office - Government Office
  • Property Size 34,202 SF
  • Lot Size 2.56 Acre
  • Parking Spaces Avail. 99
  • Parking Ratio 2.90/ 1,000 SF
  • Property Tenancy Single Tenant
  • Building Class C
  • Year Built 1988

Location

  • Walk Score ® Car-Dependent (47)
  • Transit Score ® Some Transit (34)
  • Bike Score ® Bikeable (64)
Powered by Walk Score ®
  • City Lansing, MI
  • Zip Code 48910
  • Market Detroit

Points of Interest

East Lansing

3.81 miles

Citgo

0.39 miles

Speedway

0.49 miles

Marathon

0.70 miles

Market Fresh Gas Express

0.83 miles

Speedway

0.89 miles

Citgo

0.98 miles

Speedway

1.15 miles

Marathon

1.19 miles

Kroger Fuel

1.23 miles

Meijer

1.24 miles

Parking and Drivers Education Practice Lot

1.03 miles

320 South Capitol Ramp

3.33 miles

Employee Parking

3.35 miles

Lot 98

3.36 miles

Butler Lot

3.37 miles

Pine Lot

3.41 miles

South Grand Ramp

3.46 miles

Lot 94

3.49 miles

Allegan Surface Lot

3.54 miles

State Visitor Parking

3.54 miles

Causeway Bay Lansing

1.85 miles

Red Roof Inn

2.71 miles

Candlewood Suites East Lansing, an IHG Hotel

3.09 miles

Courtyard Lansing Downtown

3.54 miles

Radisson Hotel Lansing at the Capitol

3.57 miles

SpringHill Suites by Marriott East Lansing University Area

3.82 miles

Cozy Koi Bed and Breakfast

4.08 miles

Kellogg Hotel and Conference Center

4.54 miles

Quality Inn University

4.72 miles

Comfort Inn & Suites

4.86 miles

U Like

0.25 miles

Subway

0.25 miles

McDonald's

0.33 miles

Burger King

0.43 miles

Marco's Pizza

0.52 miles

Taco Bell

0.54 miles

Domino's

0.56 miles

Fazoli's

0.61 miles

Dairy Queen

0.73 miles

Mikho's Mediterranean Cuisine

0.76 miles

Gardner Leadership, Law & Government 4-8 Academy

0.28 miles

Cavanaugh STEAM Elementary School

0.51 miles

Kendon Elementary School

0.65 miles

Everett High School

0.76 miles

Maple Hill School

0.79 miles

Attwood Elementary School

0.84 miles

North Elementary School

0.85 miles

Reo Elementary School

0.96 miles

Allied Academics School of Health and Beauty

1.14 miles

Lyons Elementary School

1.48 miles

Little Dreamers Daycare Center

2.79 miles

Michigan State University Child Development Laboratories

4.90 miles

Eastminster Child Development Center

6.03 miles

Gilden Woods Okemos

6.23 miles

Harvey Education Center

8.76 miles

Gilden Woods

9.34 miles

Wilkshire Early Childhood Center

9.46 miles

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 08 Dec, 2004
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity Date

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 $97,378
  • Current Tax $78,988
  • Market Value* $2,558,200
  • Assessed Value $2,558,200

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 120 East Jolly Road?

120 East Jolly Road totals 34,202 square feet.

When was this property built?

120 East Jolly Road was built in 1988.

When was 120 East Jolly Road last sold?

120 East Jolly Road was last sold on 08 Dec, 2004.

What is the market value for 120 East Jolly Road?

The market value* for 120 East Jolly Road in 2022 was $2,558,200.
*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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