808 W Lake Lansing Rd
East Lansing, MI 48823
Bureau Bien À vendre

808 W. Lake Lansing Road presents an attractive value-add office investment opportunity with existing cash flow and multiple avenues for future income growth. The 9,500 SF multi-tenant office building is currently 71% occupied with five occupied suites and two vacancies, providing an investor with immediate income while offering additional upside through lease-up.
The property generates a current NOI of $49,993.72, equating to an approximately 8.7% in-place cap rate at the $575,000 asking price. The existing tenant mix includes a therapy group, insurance group, and Michigan Head Start, providing a diversified professional tenant base. Additional income growth is expected as scheduled rental abatements within existing leases burn off, increasing effective rental revenue over time.
Situated along W. Lake Lansing Road with approximately 16,000 vehicles per day, the property benefits from strong visibility and convenient accessibility. The building also offers 48 parking spaces, providing an excellent parking ratio for professional office users. With existing income, contractual rent upside, and two vacant suites available for lease-up, 808 W. Lake Lansing Road offers investors the opportunity to increase NOI and build additional value.