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5615 Enterprise Drive

Off-Market

5615 Enterprise Drive, Lansing, MI 48911

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  • Property Type Industrial - Warehouse/Distribution
  • Property Size 50,598 SF
  • Lot Size 3.15 Acre
  • Property Tenancy Single Tenant
  • Building Class B
  • Year Built 1974

Location

  • Walk Score ® Car-Dependent (13)
  • Transit Score ® Some Transit (28)
  • Bike Score ® Somewhat Bikeable (37)
Powered by Walk Score ®
  • City Lansing, MI
  • Zip Code 48911
  • Market Detroit

Points of Interest

East Lansing

3.35 miles

Pacific Pride

0.24 miles

Marathon

0.67 miles

Speedway

0.70 miles

Mobil

0.83 miles

Meijer

0.85 miles

Speedway

0.85 miles

Citgo

1.00 miles

Speedway

1.05 miles

Speedway

1.29 miles

Speedway

1.30 miles

Parking and Drivers Education Practice Lot

2.02 miles

Lot 98

2.86 miles

truck parking

2.91 miles

car parking

2.93 miles

Lot 94

2.97 miles

Lot 201

3.17 miles

Lot 200

3.24 miles

Lot 93

3.28 miles

Lot 85

3.28 miles

Lot 99

3.38 miles

Dan's Coney Island

0.59 miles

McDonald's

0.73 miles

Falafel Time

0.74 miles

Ming Dynasty Asian Cuisine

0.78 miles

Jersey Mike's Subs

0.78 miles

Culver's

0.89 miles

China King

0.90 miles

Happy's Pizza

0.95 miles

Arby's

0.95 miles

Fazoli's

0.98 miles

Asean Food Mart

0.63 miles

International Market One

0.63 miles

American International

0.71 miles

Meijer

0.87 miles

International Food Mart

1.01 miles

ZZ's Market

1.03 miles

Queen Market

1.09 miles

ALDI

1.13 miles

Target

1.23 miles

Gordon Food Service

1.27 miles

Lansing Fire Station #4

0.52 miles

NovaCare Rehabilitation

0.62 miles

Clinton Eaton Ingham Community Mental Health

0.64 miles

The GI Clinic

0.97 miles

Advanced Cardiac and Vascular

1.18 miles

NovaCare Rehabilitation

1.19 miles

Walgreens

1.19 miles

CVS Pharmacy

1.20 miles

Lansing Urgent Care

1.23 miles

Central Pharmacy

1.28 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 Date 05 Nov, 2012
  • 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 $43,645
  • Current Tax $41,539
  • Market Value* $1,146,600
  • Assessed Value $1,146,600

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 5615 Enterprise Drive?

5615 Enterprise Drive totals 50,598 square feet.

When was this property built?

5615 Enterprise Drive was built in 1974.

When was 5615 Enterprise Drive last sold?

5615 Enterprise Drive was last sold on 05 Nov, 2012.

What is the market value for 5615 Enterprise Drive?

The market value* for 5615 Enterprise Drive in 2022 was $1,146,600.
*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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