Affordable Office Space For Lease or Sale

Office for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30810144
Property Subtypes: Office Building
Building Size (RSF): 5,280 SF
Gross Land Area: 0.81 Acres
Sale Price: $315,000
Unit Price: $59.66 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Business
Building Name: Bardaville Office Building
Class of Space: Class C
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 7/27/2022

Overview / Comments

Very affordable office space leasing from $300.00 per month & up. There are spaces available as small as 300 sq. ft. up to as much as 1500 Sq. ft. The leases are full service. The space is neat, clean, has 40+ parking spaces, and is well maintained. The building is located just off Grand Rive Ave, one block east of Waverly Rd., which means it's less than 3 minutes to Capitol City Airport, I-96, and downtown Lansing. Owner is very motivated to lease up this space, and will look at all offers.

SEE VIRTUAL TOUR HERE: https://rem.ax/3310bardavilledrvirtualtour

Financials

Finance Data Year 2010
Real Estate Taxes - Annual($) $11,292 (Annual)
Assessed Value - Total($) $174,100 (Annual)

Additional Details

Nearest MSA: Lansing-East Lansing
County: Ingham
Taxing Authority: Lansing
Tax ID/APN: 01-01-06-104-051
Zoning: COMMERCIAL/RESIDENTIAL
Market Type: Medium
Property Located Between: Waverly Rd. & MLK Jr. Blvd
Side of Street: East
Road Type: Paved
Property Visibility: Fair
Transportation: Bus, Highway, Airport, Taxi
Highway Access: 3 min. or less from I96
Airports: Capitol City
Site Description: Pleasant, quiet well maintained building and grounds. Located in an area with residential rentals, and office/warehouse space. Could be converted to residental space.
Area Description: The area is a mix of Retail, office, multifamily, and single family homes, with quick access to everywhere.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1971
Roof Type: Gable
Construction/Siding: Brick/Aluminum Siding
Parking Type: Surface
Parking Description: Parking front & back
Total Parking Spaces: 40
Sprinklers: None
Heat Type: Electricity
Heat Source: Baseboard, Central
Air Conditioning: Package Unit
Internet Access: Cable, Satellite
Interior Description: Presently divided into 13 separate units ranging from 100 sq.ft. to 1680 sq.ft. Offices can be structured in many different floor plans.
Zoning Description: Commercial, can be office, or multifamily, or Residential
Lot Frontage: 210.7
Lot Depth: 152
Sewer Type: Municipal
Easements: Pipelines, Electric Lines, Utilities
Legal Description: LOT 3 BARDAVILLE PLAZA

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,316 55,957 134,967
Median Age: 37.15 37.36 36.57
Households: 2,233 24,101 58,083

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