16150 Grove Road

Off-Market

16150 Grove Road, Lansing, MI 48906

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

  • Property Type Industrial - Manufacturing
  • Property Size 306,500 SF
  • Lot Size 15.6 Acre
  • Parking Spaces Avail. 122
  • Parking Ratio 0.40 / 1,000 SF
  • Property Tenancy Single Tenant
  • Building Class A
  • Year Built 2001

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 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.

  • 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 ®

    4/100 Car-Dependent
  • Bike Score ®

    27/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Lansing, MI
  • Zip Code 48906
  • Market Detroit

Points of Interest

  • East Lansing

    7.91 miles

  • Pacific Pride

    0.73 miles

  • Marathon

    1.58 miles

  • ChargePoint

    2.10 miles

  • Sunoco

    2.28 miles

  • bosch

    2.47 miles

  • Flying J

    2.68 miles

  • GE

    2.80 miles

  • Meijer

    2.92 miles

  • Citgo

    2.93 miles

  • Marathon

    2.97 miles

  • Capital Airport Parking

    1.94 miles

  • Cellphone Lot @ LAN

    2.17 miles

  • Hall of Justice Surface Lot

    4.52 miles

  • Hall of Justice West Ramp

    4.53 miles

  • Hall of Justice East Ramp

    4.57 miles

  • Lot 56

    4.58 miles

  • LCC Lot E6

    4.59 miles

  • Ottawa Surface Lot

    4.62 miles

  • State Visitor Parking

    4.66 miles

  • Allegan Surface Lot

    4.69 miles

  • McDonald's

    1.53 miles

  • Subway

    1.71 miles

  • Alicia's

    1.72 miles

  • Fidler's on the Grand

    1.87 miles

  • Capital Brewport

    1.88 miles

  • Dunkin' Donuts

    2.30 miles

  • Zaytoon Grill

    2.64 miles

  • Italian Village Pizza

    2.68 miles

  • The Smoke 'N Pig BBQ

    2.71 miles

  • Stir Fry 88

    2.71 miles

  • JCPenney

    2.70 miles

  • Lansing Mall

    2.74 miles

  • TJ Maxx

    2.77 miles

  • Kroger

    2.93 miles

  • Kohl's

    2.93 miles

  • Meijer

    3.01 miles

  • Valuland

    3.01 miles

  • ALDI

    3.04 miles

  • Once Apon a Child

    3.07 miles

  • Target

    3.10 miles

  • Looking Glass Regional Fire Authority

    2.60 miles

  • Lansing Urgent Care

    2.91 miles

  • Kroger Pharmacy

    2.95 miles

  • Work Health

    2.97 miles

  • Meijer Pharmacy

    2.99 miles

  • Your Pharmacy

    3.05 miles

  • Walgreens

    3.06 miles

  • CVS Pharmacy

    3.08 miles

  • Rite Aid

    3.10 miles

  • Walgreens

    3.11 miles

Frequently Asked Questions

What is the total square footage of 16150 Grove Road?

16150 Grove Road totals 306,500 square feet.

When was this property built?

16150 Grove Road was built in 2001.

What is the market value for 16150 Grove Road?

The market value* for 16150 Grove Road in 2022 was $8,772,600.

*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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