Washington Square Office Building

Off-Market

109 West Michigan Avenue, Lansing, MI 48933

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

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

Contacts

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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
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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.

  • 2022 Avg. Asking Rent $19.21
  • 2022 Office Vacancy Rate 20.98%
  • 2022 Office Completions (SF)
View more Lansing market trends

Location

Getting Around

  • Walk Score ®

    84/100 Very Walkable
  • Transit Score ®

    56/100 Good Transit
  • Bike Score ®

    79/100 Very Bikeable
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

    0.64 miles

  • Pacific Pride

    0.75 miles

  • Mobil

    0.77 miles

  • Admiral

    0.81 miles

  • Marathon

    0.81 miles

  • BP

    0.92 miles

  • South Grand Ramp

    0.13 miles

  • Capitol Lot

    0.18 miles

  • Roosevelt Parking Ramp

    0.19 miles

  • 320 South Capitol Ramp

    0.21 miles

  • Allegan Ramp

    0.31 miles

  • Employee Parking

    0.38 miles

  • Ottawa Ramp

    0.42 miles

  • Pine Lot

    0.49 miles

  • Allegan Surface Lot

    0.49 miles

  • Ottawa Surface Lot

    0.50 miles

  • Radisson Hotel Lansing at the Capitol

    0.10 miles

  • Courtyard Lansing Downtown

    0.47 miles

  • Cozy Koi Bed and Breakfast

    0.57 miles

  • Quality Inn University

    2.40 miles

  • Homewood Suites by Hilton Lansing Eastwood

    2.88 miles

  • SpringHill Suites by Marriott East Lansing University Area

    2.90 miles

  • Hyatt Place

    2.98 miles

  • Kellogg Hotel and Conference Center

    3.02 miles

  • Fairfield Inn & Suites by Marriott Lansing at Eastwood

    3.06 miles

  • Holiday Inn Express

    3.09 miles

  • Weston's Kewpee Restaurant

    0.04 miles

  • Juice Nation

    0.04 miles

  • Empire Szechuan, Fine Asian Cuisine

    0.04 miles

  • Jimmy John's

    0.05 miles

  • Sahara Delight

    0.05 miles

  • Troppo

    0.05 miles

  • Cap City Cafe

    0.05 miles

  • La Cocina Cubana

    0.06 miles

  • Grand Traverse Pie Company

    0.07 miles

  • Firehouse Subs

    0.07 miles

  • Lansing Community College

    0.32 miles

  • West Junior High School

    0.44 miles

  • Walnut Street School

    0.87 miles

  • Vivian Riddle Elementary School

    0.93 miles

  • Former Cedar Street Elementary School

    0.98 miles

  • Capitol Area Driving School

    1.02 miles

  • Mid-Michigan Leadership Academy

    1.05 miles

  • Holmes Street School

    1.16 miles

  • Resurrection School

    1.26 miles

  • Lansing Catholic High School

    1.28 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

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 2023 was $5,932,600.

*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.

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