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5646 Commerce Street

Off-Market

5646 Commerce Street, Lansing, MI 48911

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  • Property Type Industrial - Manufacturing
  • Property Size 34,875 Sqft
  • Lot Size 3.5 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1970

Location

  • City Lansing, MI
  • Zip Code 48911
  • Market Detroit

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 14 Sep, 2017
  • Purchase Price $1,412,500
  • 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 %
  • 2020 Office Completions (Sqft)
View more Lansing market trends

Tax

  • Property Tax in 2021 $35,401
  • Market Value $923,200
  • Assessed Value $923,200

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

Frequently Asked Questions

What is the total square footage of 5646 Commerce Street?

5646 Commerce Street totals 34,875 square feet.

When was this property built?

5646 Commerce Street was built in 1970.

When was 5646 Commerce Street last sold?

5646 Commerce Street was last sold on 14 Sep, 2017.

What was the last purchase price for 5646 Commerce Street?

5646 Commerce Street was last sold for $1,412,500.

What is the property tax for 5646 Commerce Street?

The property tax for 5646 Commerce Street in 2021 was $35,401.

What is the market value for 5646 Commerce Street?

The market value for 5646 Commerce Street in 2021 was $923,200.

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