Sparrow Professional Building

Off-Market

1200 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 Office - Medical Office
  • Property Size 222,021 SF
  • Lot Size 3.9 Acre
  • Parking Spaces Avail. 632
  • Parking Ratio 2.85 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class A
  • Year Built 1997

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

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
Unlock on CommercialEdge

This is a preview. The total list of tenants and suites, along with other lease information, for this property is available on CommercialEdge.

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 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
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.

  • 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 ®

    76/100 Very Walkable
  • Transit Score ®

    45/100 Some Transit
  • Bike Score ®

    81/100 Very Bikeable
Powered by Walk Score ®
  • City Lansing, MI
  • Zip Code 48912
  • Market Detroit

Points of Interest

  • East Lansing

    2.18 miles

  • Marathon

    0.29 miles

  • Mobil

    0.32 miles

  • Greenlots

    0.50 miles

  • Speedway

    0.58 miles

  • BP

    0.62 miles

  • ChargePoint

    0.87 miles

  • Admiral

    0.92 miles

  • Pacific Pride

    1.02 miles

  • Citgo

    1.09 miles

  • Clipper Creek

    1.13 miles

  • Lot B

    0.05 miles

  • Lot A

    0.15 miles

  • Lot 8

    0.64 miles

  • South Grand Ramp

    0.82 miles

  • 320 South Capitol Ramp

    1.04 miles

  • Roosevelt Parking Ramp

    1.07 miles

  • Capitol Lot

    1.11 miles

  • LCC Lot E6

    1.17 miles

  • Lot 56

    1.22 miles

  • Allegan Ramp

    1.24 miles

  • Courtyard Lansing Downtown

    0.47 miles

  • Radisson Hotel Lansing at the Capitol

    0.85 miles

  • Cozy Koi Bed and Breakfast

    1.20 miles

  • Quality Inn University

    1.52 miles

  • SpringHill Suites by Marriott East Lansing University Area

    2.02 miles

  • Kellogg Hotel and Conference Center

    2.09 miles

  • Homewood Suites by Hilton Lansing Eastwood

    2.48 miles

  • Holiday Inn Express

    2.49 miles

  • Graduate East Lansing

    2.52 miles

  • Hyatt Place

    2.53 miles

  • Court 1200

    0.01 miles

  • Soup Spoon Cafe

    0.20 miles

  • Babe's Corner

    0.34 miles

  • Tannin

    0.40 miles

  • Subway

    0.41 miles

  • Goodfellas Bagel Deli

    0.47 miles

  • Hissho Sushi

    0.50 miles

  • Capital City Deli

    0.50 miles

  • Wendy's

    0.61 miles

  • Asian Gourmet

    0.61 miles

  • Resurrection School

    0.33 miles

  • Lansing Catholic High School

    0.49 miles

  • Eastern High School

    0.66 miles

  • Holmes Street School

    0.66 miles

  • Pattengill Biotechnical Magnet School

    0.90 miles

  • Martin Luther High School

    0.97 miles

  • Lansing Community College

    1.00 miles

  • Grand River Elementary School

    1.05 miles

  • Capitol Area Driving School

    1.07 miles

  • Former Cedar Street Elementary School

    1.12 miles

  • Michigan State University Child Development Laboratories

    2.31 miles

  • Eastminster Child Development Center

    3.66 miles

  • Little Dreamers Daycare Center

    4.42 miles

  • Gilden Woods Okemos

    6.23 miles

  • Gilden Woods

    6.70 miles

  • Wilkshire Early Childhood Center

    7.44 miles

Frequently Asked Questions

What is the total square footage of Sparrow Professional Building?

Sparrow Professional Building totals 222,021 square feet.

When was this property built?

Sparrow Professional Building was built in 1997.

What is the market value for Sparrow Professional Building?

The market value* for Sparrow Professional Building in 2022 was $4,704,600.
*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.

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.