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3950 North Grand River Avenue

Off-Market

3950 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 Industrial - Warehouse/Distribution
  • Property Size 87,218 SF
  • Lot Size 26.9 Acre
  • Property Tenancy Owner Occupied
  • Building Class B
  • Year Built 2000

Location

  • Walk Score ® Car-Dependent (11)
  • Transit Score ® Some Transit (25)
  • Bike Score ® Somewhat Bikeable (30)
Powered by Walk Score ®
  • City Lansing, MI
  • Zip Code 48906
  • Market Detroit

Points of Interest

East Lansing

5.61 miles

ChargePoint

0.24 miles

Marathon

0.83 miles

Admiral

0.93 miles

Sunoco

1.42 miles

Sunoco

1.67 miles

Pacific Pride

1.73 miles

Shell

1.90 miles

Sunoco

2.11 miles

Marathon

2.23 miles

Marathon

2.25 miles

Cellphone Lot @ LAN

0.22 miles

Capital Airport Parking

0.48 miles

Lot 56

2.29 miles

LCC Lot E6

2.38 miles

Hall of Justice Surface Lot

2.54 miles

Hall of Justice West Ramp

2.54 miles

Hall of Justice East Ramp

2.56 miles

Ottawa Surface Lot

2.58 miles

State Visitor Parking

2.64 miles

Ottawa Ramp

2.65 miles

Fidler's on the Grand

0.54 miles

Capital Brewport

0.58 miles

Alicia's

0.69 miles

Subway

0.70 miles

McDonald's

0.88 miles

King Subs

0.96 miles

Gregory's Soul Food

1.08 miles

DeLuca's Restaurant

1.35 miles

Colala Express

1.86 miles

Hungry Howie's

1.95 miles

Gorman's Food Market

0.79 miles

Valuland

1.98 miles

Sunripe Produce

2.11 miles

La Estrellita Supermercado

2.17 miles

Old Town General Store

2.34 miles

JCPenney

2.76 miles

Lansing Mall

2.81 miles

Meijer

2.86 miles

TJ Maxx

2.86 miles

Target

3.08 miles

Lansing Fire Station #2

1.42 miles

Sparrow Hospital - Saint Lawrence Campus

1.96 miles

Work Health

1.96 miles

Rite Aid

2.03 miles

Your Pharmacy

2.07 miles

Rite Aid

2.09 miles

Walgreens

2.14 miles

Total Health Spine and Nutrition

2.18 miles

CVS Pharmacy

2.20 miles

Lansing Urgent Care

2.35 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

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 $153,510
  • Current Tax $96,115
  • Market Value* $4,032,800
  • Assessed Value $4,032,800

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 3950 North Grand River Avenue?

3950 North Grand River Avenue totals 87,218 square feet.

When was this property built?

3950 North Grand River Avenue was built in 2000.

What is the market value for 3950 North Grand River Avenue?

The market value* for 3950 North Grand River Avenue in 2022 was $4,032,800.
*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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