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3030 South Martin Luther King Jr. Blvd

Off-Market

3030 South Martin Luther King Jr. Blvd, Lansing, MI 48910

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  • Property Type Industrial - Manufacturing
  • Property Size 208,400 Sqft
  • Lot Size 20.58 Acre
  • Parking Spaces Avail. 31
  • Parking Ratio 0.15/ 1,000 SF
  • Property Tenancy Owner Occupied
  • Building Class B
  • Year Built 1923

Location

  • City Lansing, MI
  • Zip Code 48910
  • Market Detroit

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 29 Dec, 1992
  • Purchase Price $400,000
  • Arm's Length
  • 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 %
View more Lansing market trends

Tax

  • Property Tax in 2021 $74,184
  • Market Value $1,934,600
  • Assessed Value $1,934,600

Find more tax info, including assessment history and abatements, on CommercialEdge

Frequently Asked Questions

What is the total square footage of 3030 South Martin Luther King Jr. Blvd?

3030 South Martin Luther King Jr. Blvd totals 208,400 square feet.

When was this property built?

3030 South Martin Luther King Jr. Blvd was built in 1923.

When was 3030 South Martin Luther King Jr. Blvd last sold?

3030 South Martin Luther King Jr. Blvd was last sold on 29 Dec, 1992.

What was the last purchase price for 3030 South Martin Luther King Jr. Blvd?

3030 South Martin Luther King Jr. Blvd was last sold for $400,000.

What is the property tax for 3030 South Martin Luther King Jr. Blvd?

The property tax for 3030 South Martin Luther King Jr. Blvd in 2021 was $74,184.

What is the market value for 3030 South Martin Luther King Jr. Blvd?

The market value for 3030 South Martin Luther King Jr. Blvd in 2021 was $1,934,600.

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