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631 Park Place

Off-Market

631 Park Place, Lansing, MI 48912

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  • Property Type Industrial - Warehouse/Distribution
  • Property Size 49,982 SF
  • Lot Size 0.79 Acre
  • Property Tenancy Owner Occupied
  • Building Class C
  • Year Built 1928

Location

  • City Lansing, MI
  • Zip Code 48912
  • Market Detroit

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 05 Jan, 2022
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination 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)

Tax

  • Property Tax in 2021 $23,021
  • Market Value* $604,800
  • Assessed Value $604,800

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.

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