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16150 Grove Road

Off-Market

16150 Grove Road, Lansing, MI 48906

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  • 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

Location

  • Walk Score ® Car-Dependent (4)
  • Bike Score ® Somewhat Bikeable (27)
Powered by Walk Score ®
  • City Lansing, MI
  • Zip Code 48906
  • Market Detroit

Points of Interest

East Lansing

7.91 miles

Sunoco

2.28 miles

bosch

2.47 miles

GE

2.80 miles

Speedway

3.02 miles

Shell

3.33 miles

ClipperCreek

3.41 miles

Marathon

4.38 miles

Eaton

4.59 miles

ChargePoint

4.74 miles

Shell

4.88 miles

Hall of Justice Surface Lot

4.52 miles

State Visitor Parking

4.66 miles

Roosevelt Parking Ramp

4.83 miles

Albert Avenue Garage

7.91 miles

Lot 71

7.93 miles

Charles Street Garage

8.06 miles

Lot 82

8.13 miles

Ramp 5 (Lot 102)

8.45 miles

Lot 42

8.49 miles

Lot 54

8.84 miles

Lansing Mall Food Court

2.72 miles

Golden Corral

2.82 miles

Panera Bread

2.85 miles

Cheddar's

2.95 miles

Nola Bistro

3.17 miles

McDonald's

3.26 miles

Juice Nation

5.06 miles

Bowdie's Chop House

5.17 miles

Rusty Mug Bar & Grill

5.70 miles

Soup Spoon Cafe

5.88 miles

JCPenney

2.70 miles

Lansing Mall

2.74 miles

TJ Maxx

2.77 miles

Kohl's

2.93 miles

Meijer

3.01 miles

Once Apon a Child

3.07 miles

Target

3.10 miles

Gift & Bible / Diane's Halmark / Teaching Center

3.10 miles

Sears Outlet

4.09 miles

La Estrellita Supermercado

4.47 miles

Looking Glass Regional Fire Authority

2.60 miles

Lansing Urgent Care

2.91 miles

Walgreens

3.06 miles

Rite Aid

3.10 miles

Total Health Spine and Nutrition

3.14 miles

Lansing Fire Station #2

3.74 miles

Lansing Township Police

3.77 miles

Sparrow Hospital - Saint Lawrence Campus

4.01 miles

Rite Aid

4.16 miles

Community Mental Health Authority

4.53 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 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 $233,173
  • Current Tax $227,866
  • Market Value* $8,772,600
  • Assessed Value $8,772,600

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 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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