Capitol Commons

Off-Market

400 South Pine Street, Lansing, MI 48933

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - Government Office
  • Property Size 150,589 SF
  • Lot Size 3.06 Acre
  • Parking Spaces Avail. 194
  • Parking Ratio 1.29 / 1,000 SF
  • Property Tenancy Single Tenant
  • Building Class B
  • Year Built 1988

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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Brokers

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Documents

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Sales

  • 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

Location

Getting Around

  • Walk Score ®

    69/100 Somewhat Walkable
  • Transit Score ®

    54/100 Good Transit
  • Bike Score ®

    68/100 Bikeable
Powered by Walk Score ®
  • City Lansing, MI
  • Zip Code 48933
  • Market Detroit

Points of Interest

  • East Lansing

    3.38 miles

  • ChargePoint

    0.19 miles

  • Clipper Creek

    0.35 miles

  • BP

    0.44 miles

  • Marathon

    0.77 miles

  • ChargePoint

    0.83 miles

  • Greenlots

    0.88 miles

  • Eaton

    0.88 miles

  • Admiral

    0.90 miles

  • Sunoco

    1.04 miles

  • Mobil

    1.14 miles

  • Employee Parking

    0.11 miles

  • Pine Lot

    0.12 miles

  • Butler Lot

    0.18 miles

  • Allegan Surface Lot

    0.26 miles

  • State Visitor Parking

    0.27 miles

  • Ottawa Ramp

    0.28 miles

  • Allegan Ramp

    0.30 miles

  • Ottawa Surface Lot

    0.33 miles

  • 320 South Capitol Ramp

    0.34 miles

  • Hall of Justice East Ramp

    0.35 miles

  • Radisson Hotel Lansing at the Capitol

    0.59 miles

  • Cozy Koi Bed and Breakfast

    0.87 miles

  • Courtyard Lansing Downtown

    0.92 miles

  • Quality Inn University

    2.87 miles

  • SpringHill Suites by Marriott East Lansing University Area

    3.24 miles

  • Homewood Suites by Hilton Lansing Eastwood

    3.34 miles

  • Kellogg Hotel and Conference Center

    3.44 miles

  • Hyatt Place

    3.44 miles

  • Candlewood Suites East Lansing, an IHG Hotel

    3.50 miles

  • Fairfield Inn & Suites by Marriott Lansing at Eastwood

    3.54 miles

  • Thai Village

    0.42 miles

  • Palace of Jamaica

    0.42 miles

  • Mo's Hot Wings

    0.42 miles

  • Domino's

    0.44 miles

  • Cap City Cafe

    0.44 miles

  • Subway

    0.45 miles

  • Zoup!

    0.45 miles

  • Envie

    0.46 miles

  • New Daily Bagel

    0.46 miles

  • Jalapeños

    0.46 miles

  • West Junior High School

    0.08 miles

  • Vivian Riddle Elementary School

    0.53 miles

  • Lansing Community College

    0.71 miles

  • Main Street School

    0.81 miles

  • Saint Casimir School

    0.98 miles

  • Shabazz Public School Academy

    1.03 miles

  • Capitol Area Driving School

    1.06 miles

  • Verlinden Elementary School

    1.12 miles

  • Walnut Street School

    1.13 miles

  • Mid-Michigan Leadership Academy

    1.18 miles

  • Little Dreamers Daycare Center

    3.25 miles

  • Michigan State University Child Development Laboratories

    3.68 miles

  • Eastminster Child Development Center

    5.03 miles

  • Gilden Woods Okemos

    7.31 miles

  • Gilden Woods

    8.05 miles

  • Wilkshire Early Childhood Center

    8.81 miles

Frequently Asked Questions

What is the total square footage of Capitol Commons?

Capitol Commons totals 150,589 square feet.

When was this property built?

Capitol Commons was built in 1988.

What is the market value for Capitol Commons?

The market value* for Capitol Commons in 2022 was $20,931,800.
*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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