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Herbert & Miller Buildings

Off-Market

620 Lesher Place, Lansing, MI 48912

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  • Property Type Office - General Office
  • Property Size 38,000 SF
  • Lot Size 1.7 Acre
  • Property Tenancy Owner Occupied
  • Building Class C
  • Year Built 1985

Location

  • Walk Score ® Somewhat Walkable (70)
  • Transit Score ® Some Transit (47)
  • Bike Score ® Bikeable (63)
Powered by Walk Score ®
  • City Lansing, MI
  • Zip Code 48912
  • Market Detroit

Points of Interest

East Lansing

2.63 miles

Pacific Pride

0.54 miles

Greenlots

0.59 miles

Speedway

0.67 miles

Mobil

0.72 miles

Marathon

0.72 miles

Eaton

0.79 miles

Speedway

0.93 miles

BP

1.06 miles

Marathon

1.09 miles

Citgo

1.10 miles

Lot A

0.42 miles

Lot B

0.53 miles

Lot 56

0.71 miles

South Grand Ramp

0.77 miles

LCC Lot E6

0.80 miles

Roosevelt Parking Ramp

0.87 miles

Lot 8

0.96 miles

Capitol Lot

0.98 miles

320 South Capitol Ramp

1.02 miles

Allegan Ramp

1.09 miles

Courtyard Lansing Downtown

0.52 miles

Radisson Hotel Lansing at the Capitol

0.74 miles

Cozy Koi Bed and Breakfast

0.82 miles

Quality Inn University

1.64 miles

Homewood Suites by Hilton Lansing Eastwood

2.13 miles

Hyatt Place

2.20 miles

Fairfield Inn & Suites by Marriott Lansing at Eastwood

2.27 miles

Holiday Inn Express

2.27 miles

Kellogg Hotel and Conference Center

2.40 miles

Hampton

2.44 miles

Burger King

0.37 miles

Bangkok House

0.40 miles

Happy's Pizza

0.44 miles

Rally's

0.46 miles

Babe's Corner

0.47 miles

517 BBQ

0.49 miles

Goodfellas Bagel Deli

0.49 miles

MP Social

0.52 miles

Hissho Sushi

0.53 miles

Capital City Deli

0.53 miles

Lansing Catholic High School

0.54 miles

Grand River Elementary School

0.58 miles

Former Cedar Street Elementary School

0.59 miles

Resurrection School

0.69 miles

Lansing Community College

0.71 miles

Eastern High School

0.74 miles

Pattengill Biotechnical Magnet School

0.89 miles

Martin Luther High School

0.90 miles

High Street School

0.94 miles

Walnut Street School

0.96 miles

Michigan State University Child Development Laboratories

2.55 miles

Eastminster Child Development Center

3.87 miles

Little Dreamers Daycare Center

4.54 miles

Gilden Woods Okemos

6.69 miles

Gilden Woods

6.76 miles

Wilkshire Early Childhood Center

7.63 miles

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • 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%
Unlock on CommercialEdge

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 $90,892
  • Current Tax $65,090
  • Market Value* $2,387,800
  • Assessed Value $2,387,800

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 Herbert & Miller Buildings?

Herbert & Miller Buildings totals 38,000 square feet.

When was this property built?

Herbert & Miller Buildings was built in 1985.

What is the market value for Herbert & Miller Buildings?

The market value* for Herbert & Miller Buildings in 2022 was $2,387,800.
*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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