5511 Enterprise Drive

Off-Market

5511 Enterprise Drive, Lansing, MI 48911

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 108,875 SF
  • Lot Size 6.27 Acre
  • Parking Spaces Avail. 87
  • Parking Ratio 0.80 / 1,000 SF
  • Property Tenancy Single Tenant
  • Building Class B
  • Year Built 1971

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 24 Nov, 2020
  • 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 ®

    13/100 Car-Dependent
  • Transit Score ®

    30/100 Some Transit
  • Bike Score ®

    49/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Lansing, MI
  • Zip Code 48911
  • Market Detroit

Points of Interest

  • East Lansing

    3.30 miles

  • Pacific Pride

    0.25 miles

  • Marathon

    0.56 miles

  • Speedway

    0.72 miles

  • Mobil

    0.84 miles

  • Speedway

    0.87 miles

  • Meijer

    0.88 miles

  • Citgo

    0.92 miles

  • Speedway

    0.99 miles

  • Citgo

    1.21 miles

  • Sunoco

    1.30 miles

  • Parking and Drivers Education Practice Lot

    1.90 miles

  • Lot 98

    2.81 miles

  • Lot 94

    2.92 miles

  • truck parking

    3.01 miles

  • car parking

    3.03 miles

  • Lot 201

    3.16 miles

  • Lot 200

    3.23 miles

  • Lot 93

    3.23 miles

  • Lot 85

    3.24 miles

  • Lot 99

    3.34 miles

  • Dan's Coney Island

    0.53 miles

  • McDonald's

    0.74 miles

  • Falafel Time

    0.75 miles

  • Ming Dynasty Asian Cuisine

    0.78 miles

  • Jersey Mike's Subs

    0.80 miles

  • China King

    0.89 miles

  • Culver's

    0.92 miles

  • Fazoli's

    0.93 miles

  • Domino's

    0.93 miles

  • Arby's

    0.94 miles

  • International Market One

    0.53 miles

  • Asean Food Mart

    0.53 miles

  • American International

    0.72 miles

  • Meijer

    0.89 miles

  • ZZ's Market

    0.96 miles

  • International Food Mart

    1.00 miles

  • Queen Market

    1.10 miles

  • ALDI

    1.18 miles

  • Target

    1.26 miles

  • Gordon Food Service

    1.29 miles

  • NovaCare Rehabilitation

    0.53 miles

  • Lansing Fire Station #4

    0.58 miles

  • Clinton Eaton Ingham Community Mental Health

    0.60 miles

  • The GI Clinic

    1.01 miles

  • Walgreens

    1.10 miles

  • Lansing Urgent Care

    1.13 miles

  • Advanced Cardiac and Vascular

    1.22 miles

  • NovaCare Rehabilitation

    1.22 miles

  • CVS Pharmacy

    1.23 miles

  • Medilodge of Capital Area

    1.31 miles

Frequently Asked Questions

What is the total square footage of 5511 Enterprise Drive?

5511 Enterprise Drive totals 108,875 square feet.

When was this property built?

5511 Enterprise Drive was built in 1971.

When was 5511 Enterprise Drive last sold?

5511 Enterprise Drive was last sold on 24 Nov, 2020.

What is the market value for 5511 Enterprise Drive?

The market value* for 5511 Enterprise Drive in 2023 was $3,133,800.
*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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