Office Condo-For Sale or Lease

Office for Sale
Catylist Listing ID: 30811145
Property Subtypes: Medical, Office Building
Condo? Yes
Building Size (RSF): 1,400 SF
Gross Building Area: See Agent
Sale Price: $182,000
Ceiling: 10 ft.
Property Use Type: Vacant/Owner-User
Building Name: Ransdell Center
Class of Space: Class A
Usable Size (USF): 1,250 SF
Core Factor: 1.12%
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/15/2022

Overview / Comments

Well maintained Medical/Professional Office Condo ideally located in the Ransdell Center on Okemos Road. Suite 104 has 4 exam/office rooms, reception area, two internal restrooms, and a staff break room. The offices/exam rooms were recently renovated with new carpeting and built ins. The office is conveniently located on the first floor and offers clients a lot of parking. Clients will appreciate this location on Okemos Road across from Delta Dental about one mile from the Okemos Road/Jolly Rd intersection and I-96 exit 110.

Additional Details

Nearest MSA: Lansing-East Lansing
County: Ingham
Taxing Authority: Meridian Township
Tax ID/APN: 33-02-02-28-379-001
Is Condo?: Yes
Zoning: PO
Property Located Between: Near Corner of Okemos Rd and Bennett Rd
Property Visibility: Good
Highway Access: Exit 110 I-96 Okemos Rd Exit
Site Description: Two Story Office Condo. Condo is on the first floor. Several other medical users in the building.
Area Description: Near the Okemos/Jolly Corner. Near Office and Retail.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1996
Roof Type: Gable
Construction/Siding: Brick
Exterior Description: Brick Exterior, nice landscaping, professionally managed building.
Parking Type: Surface
Parking Description: Lots of parking.
Passenger Elevators: 1
Heat Type: Natural Gas
Air Conditioning: Engineered System
Interior Description: Updated interior with newer carpeting and built-ins
Zoning Description: Professional Office
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Unit 1 Ransdell Office Condo Plan No. 119 SEC 28 T4NR1W

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,957 50,800 127,872
Median Age: 38.03 30.37 32.84
Households: 3,750 16,318 49,469
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