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700 South Hosmer Street

Off-Market

700 South Hosmer Street, Lansing, MI 48912

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  • Property Type Industrial - Warehouse/Distribution
  • Property Size 51,340 SF
  • Lot Size 4.8 Acre
  • Property Tenancy Owner Occupied
  • Building Class B
  • Year Built 1967

Location

  • Walk Score ® Very Walkable (74)
  • Transit Score ® Good Transit (52)
  • Bike Score ® Very Bikeable (77)
Powered by Walk Score ®
  • City Lansing, MI
  • Zip Code 48912
  • Market Detroit

Points of Interest

East Lansing

2.42 miles

Greenlots

0.37 miles

Clipper Creek

0.65 miles

ChargePoint

0.72 miles

ChargePoint

1.16 miles

Eaton

1.17 miles

Sunoco

1.56 miles

Speedway

2.51 miles

Citgo

2.72 miles

Mobil

2.74 miles

Blink

2.92 miles

Allegan Surface Lot

1.11 miles

Ramp 4 (Kellogg Center)

2.51 miles

Lot 59

2.94 miles

Lot 43

3.21 miles

Lot 10

3.21 miles

Lot 48E

3.22 miles

Cellphone Lot @ LAN

3.75 miles

Lot 112

3.85 miles

Anderson Park 2

4.70 miles

Faculty Parking

5.17 miles

Cottage Inn Pizza

0.57 miles

Weston's Kewpee Restaurant

0.66 miles

The Cosmos

1.43 miles

Frosty Korner

1.53 miles

Olympic Broil

1.67 miles

Brody Square

2.39 miles

DQ Orange Julius

2.77 miles

Pancheros Mexican Grill

2.80 miles

Menchie's Frozen Yogurt

2.80 miles

Harper's Restaurant and Brewpub

3.08 miles

REO Town Marketplace

0.60 miles

Old Town General Store

1.42 miles

La Estrellita Supermercado

2.32 miles

Fresh Thyme

2.44 miles

Viet Thai Market

2.55 miles

Walmart

2.89 miles

Dong An Market

2.91 miles

Sears Outlet

3.21 miles

Asean Food Mart

3.32 miles

International Food Mart

3.98 miles

Sparrow Pharmacy Plus

0.56 miles

Sparrow Hospital

0.58 miles

Lansing Fire Station #1

0.82 miles

Lansing Police North Precinct

1.01 miles

Community Mental Health Authority

1.18 miles

Rite Aid

1.55 miles

Rite Aid

1.58 miles

McLaren Orthopedic Hospital

1.66 miles

McLaren Greater Lansing

1.70 miles

Sparrow Hospital - Saint Lawrence Campus

1.71 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 28 May, 1997
  • 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 $64,124
  • Current Tax $59,888
  • Market Value* $1,684,600
  • Assessed Value $1,684,600

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 700 South Hosmer Street?

700 South Hosmer Street totals 51,340 square feet.

When was this property built?

700 South Hosmer Street was built in 1967.

When was 700 South Hosmer Street last sold?

700 South Hosmer Street was last sold on 28 May, 1997.

What is the market value for 700 South Hosmer Street?

The market value* for 700 South Hosmer Street in 2022 was $1,684,600.
*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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