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Cedar Pointe

Off-Market

5656 South Cedar Street, Lansing, MI 48911

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  • Property Type Office - Medical Office
  • Property Size 31,895 SF
  • Lot Size 3.8 Acre
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1941

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 16 Jan, 2019
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination 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.

  • 2020 Avg. Asking Rent $20.61
  • 2020 Office Vacancy Rate 9.80%
  • 2020 Office Completions (SF)
View more Lansing market trends

Tax

  • Property Tax in 2021 $140,080
  • Market Value* $3,680,000
  • Assessed Value $3,680,000

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 Cedar Pointe?

Cedar Pointe totals 31,895 square feet.

When was this property built?

Cedar Pointe was built in 1941.

When was Cedar Pointe last sold?

Cedar Pointe was last sold on 16 Jan, 2019.

What is the property tax for Cedar Pointe?

The property tax for Cedar Pointe in 2021 was $140,080.

What is the market value for Cedar Pointe?

The market value* for Cedar Pointe in 2021 was $3,680,000.
*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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