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Washington Square Office Building

Off-Market

109 West Michigan Avenue, Lansing, MI 48933

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  • Property Type Office - General Office
  • Property Size 68,026 SF
  • Lot Size 0.15 Acre
  • Property Tenancy Single Tenant
  • Building Class B
  • Year Built 1922

Location

  • Walk Score ® Very Walkable (84)
  • Transit Score ® Good Transit (56)
  • Bike Score ® Very Bikeable (78)
Powered by Walk Score ®
  • City Lansing, MI
  • Zip Code 48933
  • Market Detroit

Points of Interest

East Lansing

3.05 miles

Greenlots

0.45 miles

Clipper Creek

0.45 miles

Eaton

0.56 miles

ChargePoint

0.62 miles

Marathon

0.81 miles

ChargePoint

1.27 miles

Shell

2.11 miles

Marathon

2.93 miles

Citgo

2.97 miles

Lansing Supercharger

3.00 miles

Ottawa Ramp

0.42 miles

The Oaks

2.62 miles

Lot 63

3.10 miles

Lot 85

3.23 miles

Lot 74

3.35 miles

Capital Airport Parking

3.35 miles

Lot 87

3.51 miles

Lot 58

3.61 miles

Lot 42

3.84 miles

Lot 21

4.33 miles

Radisson Hotel Lansing at the Capitol

0.10 miles

Courtyard Lansing Downtown

0.47 miles

Quality Inn University

2.40 miles

Homewood Suites by Hilton Lansing Eastwood

2.88 miles

Hyatt Place

2.98 miles

Kellogg Hotel and Conference Center

3.02 miles

Wild Goose Inn Bed & Breakfast

3.81 miles

Country Inn & Suites by Radisson, Lansing, MI

4.66 miles

Motel 6

5.40 miles

Ramada by Wyndham Lansing Hotel & Conference Center

5.49 miles

Empire Szechuan, Fine Asian Cuisine

0.04 miles

Cap City Cafe

0.05 miles

Good Truckn' Diner

0.82 miles

Olympic Broil

1.12 miles

DQ Orange Julius

2.13 miles

McDonald's

2.68 miles

Brody Square

2.91 miles

Lansing Mall Food Court

3.91 miles

Taco Bell

4.02 miles

Everyday

4.54 miles

Lansing Community College

0.32 miles

Holmes Street School

1.16 miles

Sheridan Road School

2.60 miles

Ross Medical Education Center

2.76 miles

Glencairn Elementary School

2.99 miles

Averill New Tech Elementary

3.27 miles

Michigan State University

3.56 miles

Great Lakes Christian College

4.60 miles

Allied Academics School of Health and Beauty

4.61 miles

Donley Elementary School

4.96 miles

Michigan State University Child Development Laboratories

3.24 miles

Little Dreamers Daycare Center

3.73 miles

Eastminster Child Development Center

4.59 miles

Gilden Woods Okemos

7.05 miles

Gilden Woods

7.57 miles

Wilkshire Early Childhood Center

8.37 miles

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 09 Sep, 1994
  • 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

Tax

  • Base Tax $203,771
  • Current Tax $127,829
  • Market Value* $5,353,200
  • Assessed Value $5,353,200

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 Washington Square Office Building?

Washington Square Office Building totals 68,026 square feet.

When was this property built?

Washington Square Office Building was built in 1922.

When was Washington Square Office Building last sold?

Washington Square Office Building was last sold on 09 Sep, 1994.

What is the market value for Washington Square Office Building?

The market value* for Washington Square Office Building in 2022 was $5,353,200.
*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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