631 Park Place

Off-Market

631 Park Place, Lansing, MI 48912

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  • Property Type Industrial - Warehouse/Distribution
  • Property Size 49,982 SF
  • Lot Size 0.79 Acre
  • Property Tenancy Owner Occupied
  • Building Class C
  • Year Built 1928

Location

Getting Around

  • Walk Score ®

    79/100 Very Walkable

  • Transit Score ®

    54/100 Good Transit

  • Bike Score ®

    80/100 Very Bikeable
Powered by Walk Score ®
  • City Lansing, MI
  • Zip Code 48912
  • Market Detroit

Points of Interest

  • East Lansing

    2.55 miles

  • Greenlots

    0.09 miles

  • Mobil

    0.27 miles

  • Marathon

    0.31 miles

  • BP

    0.51 miles

  • Admiral

    0.60 miles

  • Clipper Creek

    0.67 miles

  • ChargePoint

    0.85 miles

  • Pacific Pride

    0.91 miles

  • Eaton

    0.91 miles

  • ChargePoint

    0.93 miles

  • Lot A

    0.37 miles

  • South Grand Ramp

    0.38 miles

  • Lot B

    0.41 miles

  • 320 South Capitol Ramp

    0.57 miles

  • Roosevelt Parking Ramp

    0.67 miles

  • Capitol Lot

    0.68 miles

  • Allegan Ramp

    0.81 miles

  • Employee Parking

    0.82 miles

  • LCC Lot E6

    0.90 miles

  • Ottawa Ramp

    0.92 miles

  • Capital City Deli

    0.15 miles

  • Hissho Sushi

    0.16 miles

  • Wendy's

    0.16 miles

  • Goodfellas Bagel Deli

    0.17 miles

  • Babe's Corner

    0.19 miles

  • Nuthouse

    0.25 miles

  • Bowdie's Chop House

    0.31 miles

  • The Exchange

    0.33 miles

  • MP Social

    0.43 miles

  • Anqi Sushi Express

    0.44 miles

  • Capital City Market

    0.15 miles

  • REO Town Marketplace

    0.76 miles

  • Old Town General Store

    1.13 miles

  • Don Pancho Market

    1.52 miles

  • Westlund's Apple Market

    1.53 miles

  • Better Health Store

    1.77 miles

  • Lansing Market

    1.82 miles

  • Kroger

    1.89 miles

  • TJ Maxx

    1.99 miles

  • La Estrellita Supermercado

    2.03 miles

  • Rite Aid

    0.33 miles

  • Sparrow Hospital

    0.42 miles

  • Sparrow Pharmacy Plus

    0.45 miles

  • Lansing Fire Station #1

    0.57 miles

  • Lansing Police North Precinct

    0.73 miles

  • Apothecary Pharmacy

    0.84 miles

  • Shared Pregnancy Resource Center

    0.89 miles

  • Community Mental Health Authority

    0.98 miles

  • Lansing Fire Station #8

    1.15 miles

  • Central Pharmacy

    1.35 miles

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 05 Jan, 2022
  • 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.

  • 2021 Avg. Asking Rent $20.36
  • 2021 Office Vacancy Rate 11.06%
  • 2021 Office Completions (SF)
View more Lansing market trends

Frequently Asked Questions

What is the total square footage of 631 Park Place?

631 Park Place totals 49,982 square feet.

When was this property built?

631 Park Place was built in 1928.

When was 631 Park Place last sold?

631 Park Place was last sold on 05 Jan, 2022.

What is the property tax for 631 Park Place?

The property tax for 631 Park Place in 2022 was $24,118.

What is the market value for 631 Park Place?

The market value* for 631 Park Place in 2022 was $633,600.
*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.

Tax

  • Property Tax in 2022 $24,118
  • Market Value* $633,600
  • Assessed Value $633,600

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.

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