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5640 Pierson Hwy

Off-Market

5640 Pierson Hwy, Lansing, MI 48917

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  • Property Type Industrial - Manufacturing
  • Property Size 250,100 SF
  • Lot Size 25.45 Acre
  • Parking Spaces Avail. 200
  • Parking Ratio 0.80/ 1,000 SF
  • Property Tenancy Single Tenant
  • Building Class A
  • Year Built 2001

Location

  • Walk Score ® Car-Dependent (10)
  • Bike Score ® Somewhat Bikeable (26)
Powered by Walk Score ®
  • City Lansing, MI
  • Zip Code 48917
  • Market Detroit

Points of Interest

East Lansing

6.84 miles

Pacific Pride

1.39 miles

Shell

1.42 miles

Marathon

1.45 miles

Speedway

1.55 miles

Shell

1.57 miles

Mobile

1.92 miles

Sunoco

2.07 miles

Mobil

2.08 miles

Speedway

2.12 miles

Meijer

2.39 miles

Anderson Park 2

0.98 miles

Butler Lot

3.72 miles

Hall of Justice West Ramp

3.73 miles

Hall of Justice Surface Lot

3.74 miles

Hall of Justice East Ramp

3.78 miles

Parking and Drivers Education Practice Lot

3.84 miles

Pine Lot

3.85 miles

State Visitor Parking

3.85 miles

Allegan Surface Lot

3.88 miles

Ottawa Surface Lot

3.92 miles

Tony M's Restaurant & Lounge

0.95 miles

Capitol City Soul Food

1.41 miles

Wally's Fish & Chicken

1.49 miles

Crazy Crab / China Palace II

1.50 miles

Siraj Bakery & Grill

1.51 miles

Subway

1.51 miles

Fine China

1.51 miles

Domino's

1.51 miles

Flap Jack

1.54 miles

McDonald's

1.58 miles

Sears Outlet

1.81 miles

SaveMore Meat and Dairy Market

2.02 miles

Bo Bo Asian Grocery Store

2.15 miles

Target

2.21 miles

Gift & Bible / Diane's Halmark / Teaching Center

2.24 miles

Once Apon a Child

2.27 miles

ALDI

2.27 miles

Meijer

2.30 miles

TJ Maxx

2.53 miles

Lansing Mall

2.56 miles

Arch Physical & Sports Therapy

1.52 miles

CVS Pharmacy

2.22 miles

Meijer Pharmacy

2.34 miles

Walgreens

2.48 miles

Lansing Urgent Care

2.59 miles

Kroger Pharmacy

2.64 miles

Lansing Township Police

2.65 miles

CVS Pharmacy

2.67 miles

Total Health Spine and Nutrition

2.69 miles

Walgreens

2.72 miles

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 05 Jan, 2007
  • 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.

  • 2020 Avg. Asking Rent $20.61
  • 2020 Office Vacancy Rate 9.80%
  • 2020 Office Completions (SF)
View more Lansing market trends

Tax

  • Property Tax in 2022 $247,570
  • Market Value* $8,627,303
  • Assessed Value $8,627,303

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 5640 Pierson Hwy?

5640 Pierson Hwy totals 250,100 square feet.

When was this property built?

5640 Pierson Hwy was built in 2001.

When was 5640 Pierson Hwy last sold?

5640 Pierson Hwy was last sold on 05 Jan, 2007.

What is the property tax for 5640 Pierson Hwy?

The property tax for 5640 Pierson Hwy in 2022 was $247,570.

What is the market value for 5640 Pierson Hwy?

The market value* for 5640 Pierson Hwy in 2022 was $8,627,303.
*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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