912 Coolidge Rd - Medical FOR SALE


East Lansing, MI 48823
$319,000 USD
912 Coolidge Rd, East Lansing, MI for Sale
$319,000 USD
Medical - FOR SALE
1/40
null | Request Cap Rate

912 Coolidge Rd
East Lansing, MI 48823


HIGHLIGHTS

  • High visibility location along Coolidge Rd!
  • Across from Walgreens
  • Near MSU & Frandor Shopping Center
  • Convenient highway access

OVERVIEW

This charming standalone building located minutes from US-127 interchange, Frandor Shopping Center, Michigan State University and the Capital building is perfect for a professional office user, design professional, health and healing professional, or budding entrepreneur seeking an outstanding location, high style and private parking. It was built in 1948 and completely restored between 2003 with 2018 being its most recent renovation, including a new HVAC system. This property features: stone and Dryvit Stucco (EIFS), antique wrought-iron fence enclosing backyard, outdoor patio, leaded-glass window, an interior fountain, renaissance hardware and a hand-carved imported Italian fireplace. The street level consists of 1574 square feet and has a wonderful reception desk and workspace, two large open spaces for either waiting rooms, conference rooms or additional offices. This level also has four private spaces/offices with privacy doors and windows in each, suitable for office use, treatment use, design, retail, tutoring, massage etc. It also includes a restroom and large break-room and or utility room. The upper level has 521 square feet for an office user or any other owner/manager space that might be needed. There is also 567 square feet of cold storage in the upper level, considered bonus space, not included in square footage! The lower-level finished basement has 453 square feet of space which includes second fireplace, a bathroom with shower and utility/storage or breakroom options. This property was built in 1948 and was originally a residential home. In 2003 it was restored by Economides Architects and converted into a commercial office space. It now has charm that appeals to a broad base of business owners such as chiropractors, massage, real estate, accounting, coin dealer, legal, insurance, counselor/therapist, architect, tutoring, resale/consignment shop, housekeeping, hospice, caregivers and many other business types. Any of them could make excellent use of this independent building in the heart of Frandor, the midtown connection between east, west, north and south directions of Greater Lansing! The surrounding businesses also add to the charm of its location. The building shares the parking lot with State Farm Insurance and Play, Build, Grow Therapy. Directly across the street is Walgreen, Fifth Third Bank of East Lansing, Leaf Salad bar and Baryames Cleaning. As stated above, just a stone's throw from the US-127 and 496 interchange, Frandor Shopping Center and Michigan State University. Due to the prime location and warm, natural environment the previous tenant more than doubled their volume of visitors and consequently outgrew the space quicker than anticipated. Take a look at this charmer, you will be pleasantly surprised, as it's a needle in the haystack! Should its current configuration not be quite right for your needs, we have a qualified team from Key Builders in Grand Ledge, MI to assist you with your build out needs.

FOR SALE DETAILS

PRICE

$319,000 USD

PRICE/SF

$125 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Storefront Retail/Office, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1948

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

B1

APN/PARCEL ID

20-01-12-307-012

ASK ABOUT THIS PROPERTY

Todd KostaWoodworth CommercialMore Info

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