701 East South Street

Off-Market

701 East South Street, Lansing, MI 48910

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 78,533 SF
  • Lot Size 4.45 Acre
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1922

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 Jan, 2012
  • 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 ®

    62/100 Somewhat Walkable
  • Transit Score ®

    39/100 Some Transit
  • Bike Score ®

    66/100 Bikeable
Powered by Walk Score ®
  • City Lansing, MI
  • Zip Code 48910
  • Market Detroit

Points of Interest

  • East Lansing

    2.33 miles

  • Admiral

    0.28 miles

  • ChargePoint

    0.34 miles

  • BP

    0.36 miles

  • ChargePoint

    0.52 miles

  • Marathon

    0.61 miles

  • Sunoco

    0.63 miles

  • Mobil

    0.68 miles

  • Marathon

    0.70 miles

  • Clipper Creek

    0.83 miles

  • Greenlots

    0.86 miles

  • Lot B

    0.94 miles

  • South Grand Ramp

    0.97 miles

  • 320 South Capitol Ramp

    0.97 miles

  • Lot A

    1.00 miles

  • Employee Parking

    1.15 miles

  • Capitol Lot

    1.19 miles

  • Roosevelt Parking Ramp

    1.27 miles

  • Allegan Ramp

    1.27 miles

  • Pine Lot

    1.28 miles

  • Butler Lot

    1.35 miles

  • Gumps BBQ

    0.28 miles

  • The Brunch House

    0.28 miles

  • Corey's Food & Cocktails

    0.36 miles

  • Saddleback BBQ

    0.53 miles

  • Good Truckn' Diner

    0.54 miles

  • Rusty Mug Bar & Grill

    0.56 miles

  • Subway

    0.57 miles

  • Wendy's

    0.68 miles

  • Mexicone

    0.81 miles

  • Fleetwood Diner

    0.83 miles

  • REO Town Marketplace

    0.54 miles

  • Don Pancho Market

    0.80 miles

  • Capital City Market

    0.92 miles

  • Lansing Market

    1.42 miles

  • Iwacu International Supermarket

    1.70 miles

  • Old Town General Store

    1.90 miles

  • Better Health Store

    2.01 miles

  • Westlund's Apple Market

    2.03 miles

  • Kroger

    2.11 miles

  • Great Giant Supermarket

    2.15 miles

  • Central Pharmacy

    0.58 miles

  • Rite Aid

    0.93 miles

  • Sparrow Pharmacy Plus

    0.97 miles

  • Sparrow Hospital

    1.02 miles

  • Rite Aid

    1.12 miles

  • McLaren Orthopedic Hospital

    1.18 miles

  • Lansing Fire Station #1

    1.26 miles

  • McLaren Greater Lansing

    1.28 miles

  • Lansing Police North Precinct

    1.50 miles

  • Shared Pregnancy Resource Center

    1.52 miles

Frequently Asked Questions

What is the total square footage of 701 East South Street?

701 East South Street totals 78,533 square feet.

When was this property built?

701 East South Street was built in 1922.

When was 701 East South Street last sold?

701 East South Street was last sold on 24 Jan, 2012.

What is the property tax for 701 East South Street?

The property tax for 701 East South Street in 2023 was $91,721.

What is the market value for 701 East South Street?

The market value* for 701 East South Street in 2023 was $2,430,600.

*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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