Contact Property

3131 East Michigan Avenue

Off-Market

3131 East Michigan Avenue, Lansing, MI 48912

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

  • Property Type Retail
  • Property Size 196,000 SF
  • Lot Size 14.48 Acre
  • Property Tenancy Vacant
  • Year Built 1953

Location

  • Walk Score ® Very Walkable (84)
  • Transit Score ® Some Transit (39)
  • Bike Score ® Very Bikeable (85)
Powered by Walk Score ®
  • City Lansing, MI
  • Zip Code 48912
  • Market Detroit

Points of Interest

East Lansing

1.23 miles

Eaton

1.35 miles

Marathon

1.59 miles

Greenlots

1.89 miles

ChargePoint

2.02 miles

Lansing Supercharger

2.23 miles

Marathon

2.23 miles

Eaton

2.46 miles

Clipper Creek

2.49 miles

Valero

3.07 miles

Marathon

4.22 miles

Lot 79

1.25 miles

Lot 57

1.41 miles

Lot 85

1.44 miles

Lot 58

1.48 miles

Lot 87

1.55 miles

Lot 40

1.56 miles

Lot 95

1.67 miles

Hall of Justice Surface Lot

3.00 miles

Student Parking

4.45 miles

Staff Parking Lot

5.07 miles

Hongkong House

0.31 miles

Brody Square

0.63 miles

Max & Erma's

1.88 miles

Capital City Deli

1.89 miles

Smokey Bones Bar & Fire Grill

1.90 miles

Capital Prime

2.27 miles

Grand Traverse Pie Company

2.27 miles

Envie

2.32 miles

Mo's Hot Wings

2.35 miles

Wok and Roll

2.64 miles

Old Town General Store

2.23 miles

REO Town Marketplace

2.44 miles

La Estrellita Supermercado

2.53 miles

Don Pancho Market

2.73 miles

Sunripe Produce

2.88 miles

Meijer

4.31 miles

JCPenney

4.41 miles

ZZ's Market

4.45 miles

Macy's

4.47 miles

Meridian Mall

4.51 miles

Contacts

Find property contacts with verified and updated contact information on CommercialEdge: owners, building management, representatives from permits and tenants.

Owner

  • True Owner
  • Registered Owner

Brokers

Do you represent this property? Claim it!

List your spaces with ease and generate only verified leads with CommercialEdge Marketing.

Add listing for free

Documents

Access researched data with nationwide coverage on CommercialEdge: sales, mortgages, financials, title documents and more.

Sales

  • Purchase Date 20 Jan, 2000
  • 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
Unlock on CommercialEdge
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 $289,865
  • Current Tax $136,854
  • Market Value* $7,364,800
  • Assessed Value $7,364,800

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 3131 East Michigan Avenue?

3131 East Michigan Avenue totals 196,000 square feet.

When was this property built?

3131 East Michigan Avenue was built in 1953.

When was 3131 East Michigan Avenue last sold?

3131 East Michigan Avenue was last sold on 20 Jan, 2000.

What is the market value for 3131 East Michigan Avenue?

The market value* for 3131 East Michigan Avenue in 2022 was $7,364,800.
*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.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.