2407 North Grand River Avenue

Off-Market

2407 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 Office - Government Office
  • Property Size 50,455 SF
  • Lot Size 5.92 Acre
  • Property Tenancy Single Tenant
  • Building Class B
  • Year Built 2019

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.

  • 2021 Avg. Asking Rent $20.36
  • 2021 Office Vacancy Rate 11.06%
  • 2021 Office Completions (SF)
View more Lansing market trends

Location

Getting Around

  • Walk Score ®

    50/100 Somewhat Walkable
  • Transit Score ®

    31/100 Some Transit
  • Bike Score ®

    38/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Lansing, MI
  • Zip Code 48906
  • Market Detroit

Points of Interest

  • East Lansing

    4.45 miles

  • Admiral

    0.24 miles

  • Sunoco

    0.50 miles

  • Sunoco

    0.83 miles

  • Speedway

    1.17 miles

  • Marathon

    1.23 miles

  • Eaton

    1.28 miles

  • Sunoco

    1.31 miles

  • Pacific Pride

    1.31 miles

  • ChargePoint

    1.39 miles

  • Shell

    1.83 miles

  • Lot 56

    1.12 miles

  • LCC Lot E6

    1.29 miles

  • Cellphone Lot @ LAN

    1.36 miles

  • Capital Airport Parking

    1.62 miles

  • Roosevelt Parking Ramp

    1.65 miles

  • Ottawa Surface Lot

    1.66 miles

  • Hall of Justice Surface Lot

    1.69 miles

  • Hall of Justice East Ramp

    1.70 miles

  • Hall of Justice West Ramp

    1.70 miles

  • Ottawa Ramp

    1.71 miles

  • Cozy Koi Bed and Breakfast

    1.27 miles

  • Radisson Hotel Lansing at the Capitol

    1.82 miles

  • Courtyard Lansing Downtown

    2.05 miles

  • Homewood Suites by Hilton Lansing Eastwood

    2.37 miles

  • Hyatt Place

    2.53 miles

  • Fairfield Inn & Suites by Marriott Lansing at Eastwood

    2.73 miles

  • Holiday Inn Express

    2.96 miles

  • Quality Inn University

    3.16 miles

  • Hampton

    3.20 miles

  • American Inn & Suites

    3.80 miles

  • Gregory's Soul Food

    0.09 miles

  • King Subs

    0.22 miles

  • Olympic Broil

    0.81 miles

  • Golden Harvest

    0.88 miles

  • DeLuca's Restaurant

    0.94 miles

  • 100% Cold-Pressed Raw Juice

    1.03 miles

  • Domino's

    1.04 miles

  • Sir Pizza

    1.06 miles

  • Meat BBQ

    1.07 miles

  • The Creole Burger Bar & Southern Kitchen

    1.07 miles

  • Willow Street School

    0.50 miles

  • Saint Therese School

    0.63 miles

  • Willow Street School

    0.64 miles

  • Mid-Michigan Leadership Academy

    0.81 miles

  • Gier Park School

    0.92 miles

  • Otto Middle School

    0.96 miles

  • Walnut Street School

    0.98 miles

  • Cumberland Elementary School

    1.16 miles

  • Sheridan Road School

    1.25 miles

  • Former Cedar Street Elementary School

    1.25 miles

  • Michigan State University Child Development Laboratories

    4.16 miles

  • Little Dreamers Daycare Center

    4.79 miles

  • Eastminster Child Development Center

    5.35 miles

  • Gilden Woods

    7.81 miles

  • Gilden Woods Okemos

    8.50 miles

  • Wilkshire Early Childhood Center

    8.95 miles

Frequently Asked Questions

What is the total square footage of 2407 North Grand River Avenue?

2407 North Grand River Avenue totals 50,455 square feet.

When was this property built?

2407 North Grand River Avenue was built in 2019.

What is the market value for 2407 North Grand River Avenue?

The market value* for 2407 North Grand River Avenue in 2022 was $6,337,400.
*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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