Downtown East Lansing To live in East Lansing is much like having the best of two worlds. It offers small-town ambience to families that desire a wholesome, quality community in which to raise a family, while also offering a cosmopolitan sophistication to those seeking nightlife, great shopping and more. City facts: City population: nearly 49,000 residents Median family income is around $77,500 East Lansing is the proud home of Michigan State University, which has over 47,000 students and more than 11,000 faculty and staff Average age in East Lansing is 21.6 years Approximately 70.4% of East Lansing s population 25 years and older has a Bachelor s degree or higher Downtown festivals attract more than 150,000 visitors Downtown East Lansing is vibrant, diverse and charming. With its eclectic mix of restaurants, retail, art galleries and entertainment venues, downtown East Lansing has an atmosphere that is upbeat and relaxed. Downtown East Lansing is located right across the street from Michigan State University s campus and surrounded by diverse neighborhoods, all within walking distance. With convenient parking and bus stops, and a wide array of high-tech, legal, and other services, downtown businesses are thriving. Many exciting events take place in downtown East Lansing from the successful Meet the Spartans" event to the East Lansing Art Festival and the Great Lakes Folk Festival. The Eli and Edythe Broad Art Museum, designed by world-renowned, Pritzker Prize winning architect, Zaha Hadid, is scheduled to open to the public in the fall of 2012. For more information, check out www.cityofeastlansing.com/downtown For city demographic statistics, visit: http://www.cityofeastlansing.com/tolive/ For economic development resources, visit http://www.cityofeastlansing.com/development
Abbot Rd - Office 210 Abbot Rd Downtown East Lansing, across from the MSU campus 521 SF $7-9/SF/year There are two office suites available on the second floor. These are as follows: Suite #45 (176 SF) - $7/SF/year ($100/month) Suite #46 (345 SF) - $8.7/SF/year ($250/month) Brad Ballein with Ballein Management 517-290-4866 Cell brad@sbsmsu.com City of East Lansing Planning and Community Development, April 25, 2012 2
200 Block Office Space 201.5 E. Grand River Ave Downtown East Lansing, across from the MSU campus 1,465 SF 12.5/SF/year There are two office suites available on the second floor of this mixed-use building. Suite #12/14 (251 SF) - $12/SF/year ($250/month) Suite #16 (214 SF) - $12.6/SF/year ($225/month) Also, there is approx. 1,000 SF of former EL Dental Space on the second floor. Contact Brad Ballein with Ballein Management 517-290-4866 (Cell) brad@sbsmsu.com City of East Lansing Planning and Community Development, April 25, 2012 3
200 Block 213.5 E. Grand River Ave. Downtown East Lansing Across from the MSU campus 1,400 SF $11/SF/year The space is located right across from the MSU Union and the MSU campus, on the lower level. Private entrances are available off both Grand River Ave. & alley by city parking lot #1. Grand River Ave. and Alley signage available. There are separate utilities including AC, bathroom in space. Great space for resale store, collector records, comics, trading cards, etc. No restaurants. This is an economical space on the strip in downtown East Lansing for the right business. Rent averages $1,300 per month plus utilities. Cron Management (517) 351-1177 City of East Lansing Planning and Community Development, April 25, 2012 4
300 Block 319 E. Grand River Ave. Downtown East Lansing Across from the MSU campus 1,600 SF $15/SF/year The building has a highly visible location in downtown East Lansing directly across from Michigan State University. Located in the 300 block of E. Grand River Ave, the property is in the core of downtown East Lansing with access to an attached parking structure. There is significant vehicle and pedestrian traffic. The 1,600 SF space (with partial Basement) is available for $15/SF/year (triple net). Contact : Brad Ballein, Ballein Management 517-290-4866 Cell brad@sbsmsu.com City of East Lansing Planning and Community Development, April 25, 2012 5
City Center I Office Space 325 E. Grand River Ave. Downtown East Lansing Across from the MSU campus 3,500 SF NA The building is highly visible with its location in downtown East Lansing directly across from Michigan State University. It is in the core of downtown East Lansing with access to an attached parking structure and many downtown amenities. The East Lansing Technology Innovation Center, MSU Technology, and Business Connect are among the businesses located on the third floor. Prima Civitas is located on the second floor. Currently, a suite of approximately 3,500 SF is available on the second floor. Contact : Joe Hooker, 616-893-6964, joe.hooker@christmanco.com City Center Partners II LLC The Christman Company 208 N. Capitol Avenue, Lansing, Michigan 48933 City of East Lansing Planning and Community Development, April 25, 2012 6
City Center I Retail Space 333 E. Grand River Ave. Downtown East Lansing Across from the MSU campus Up to 33,063 SF NA The building is highly visible with its location in downtown East Lansing directly across from Michigan State University. Barnes & Noble was the previous tenant. There is space available on the main level (15,995 SF) and lower level (17,068 SF). The building is located in the core of downtown East Lansing with access to an attached parking structure and many downtown amenities. The East Lansing Technology Innovation Center, MSU Technology and Business Connect are among the businesses located on the third floor, and the Douglas J Institute is located next door. Joe Hooker, 616-893-6964, joe.hooker@christmanco.com City Center Partners II, LLC The Christman Company 208 North Capitol Avenue, Lansing, MI 48933 City of East Lansing Planning and Community Development, April 25, 2012 7
500 Block Office Space 507 E. Grand River Ave. Downtown, across from the MSU campus 2,188 SF $10/SF/ year There is affordable office space available on the second floor. The space is across from the MSU campus. Willing to split. All costs and utilities included for "gross lease". The building is directly across from the new Eli and Edythe Broad Art Museum. David Ledebuhr Musselman Realty Company 322 Abbott Rd East Lansing MI 48823, Phone 517-332-3582 davel@lansing-realestate.com www.musslemanrealty.net City of East Lansing Planning and Community Development, April 25, 2012 8
500 Block 547-549 E. Grand River Ave. Downtown, across from the MSU campus 2,600 SF NA This commercial building suitable for a retail store or restaurant has 5,280 of total floor area. There is space available on the first floor (400 SF) and second floor (2,200 SF). The building is located in the heart of downtown East Lansing and right across from Michigan State University. There is easy access to a parking lot behind the building and many downtown amenities. In addition, the new Eli & Edith Broad Art Museum is being built just across the street. Dan Perry, Property Manager 517-819-0243 City of East Lansing Planning and Community Development, April 25, 2012 9
500 Block - Retail 565 E. Grand River Ave. Downtown, across from the MSU campus 2,115 SF $21.27 /SF/ year The building is across from the new MSU Broad Art Museum. It was previously a National Coney Island and prior to that a Taco Bell. The building has 2,115 SF. Month lease is $3,900, lease type: NNN. The hood, sinks, cooler, and booths remain in place. Parking is available behind the building. David Ledebuhr Musselman Realty Company 322 Abbott Rd East Lansing MI 48823, Phone 517-332-3582 davel@lansing-realestate.com www.musslemanrealty.net City of East Lansing Planning and Community Development, April 25, 2012 10
Ann St Plaza 301 M.A.C Downtown, Ann St Plaza Up to 5,046 total floor area $10.5 $14.4/SF /year 301 M.A.C. is a mixed-use building with street retail in the heart of East Lansing's downtown business district. The building is right across from the Marriott Hotel and in walking distance to MSU's campus, local restaurants, shopping, and local amenities. Currently, there are 6 spaces available. Lease Term: 36 Months. Lease Type: Annual Gross Lease. Space 101/LL: 250 SF (Rental Rate: $14.4/SF/year) Space 103/LL: 1,184 SF (Rental Rate: $10.5/SF/year) Space 105/LL: 1,332 SF (Rental Rate: $10.5/SF/year) Space 214: 580 SF (Rental Rate: $13 /SF/year) Space 218: 600 SF (Rental Rate: $14 /SF /year) Space 220: 1,100 SF (Rental Rate: $14/SF /year) Coleen Karakitsos, Vlahakis Companies Inc., 517-381-4900 City of East Lansing Planning and Community Development, April 25, 2012 11
Ann St Plaza 245 Ann St Downtown, Ann St Plaza 2,400 SF $25/SF/year The space housed the popular Lou and Harry s Grill and Bakery in the heart of downtown East Lansing. The space is facing the Ann St. Plaza which has heavy daily pedestrian traffic. Many cultural events take place all year long in this plaza, including the Art Festival, Winter Bowl, and sports related events. The building is right across from the Marriott Hotel and in walking distance to the MSU campus, shopping, and local amenities. This is a great restaurant opportunity available in the heart of downtown East Lansing. Liquor license is also available for purchase. The space available has 2,400 SF. Lease rate is $25/SF/year, monthly lease is $5,000. Coleen Karakitsos, Vlahakis Companies Inc., 517-381-4900 City of East Lansing Planning and Community Development, April 25, 2012 12
Albert St- Retail 115 Albert St Downtown 2,000 SF $21/SF/year The building is located in the heart of downtown, in walking distance to the MSU's campus, shopping and local amenities. Many festivals and events take place on Albert St and in the cityowned parking lot across the street. The space housed until recently The Refinery clothier. The building has on site parking. The space available has 2,000 SF. Lease rate is $21/SF/year. Jim Fordell Musselman Realty Company 322 Abbott Rd East Lansing MI 48823, Phone 517-749-6501 jfordell@gmail.com www.musslemanrealty.net City of East Lansing Planning and Community Development, April 25, 2012 13
University Place 333 Albert Street Downtown, Marriott Hotel Ann St Plaza 10,884 SF $19.50 /SF /year Built in 1987, University Place is a multi-use development, with six floors of retail and office space, the Marriott Hotel, a restaurant, conference facilities, and underground parking. The project is located in the heart of downtown East Lansing and one block from Michigan State University. There are several office spaces available. Rental Rate is $19.50 / SF /Year, Full Service, with a minimum 3-year term. Build out is negotiable. Space 110 1,043 SF Space 205-1,461 SF Space 212-1,350 SF Space 214-3,253 SF Space 305-840 SF Space 350-230 SF Space 390-1,157 SF Space 425-588 SF Space 430-356 SF Space 440-310 SF ATM - 200 SF Lobby - 96 SF Eric Rosekrans, CBRE at 517-319-9209 or Thomas Jamieson, CBRE at 517-319-9235 City of East Lansing Planning and Community Development, April 25, 2012 14
POTENTIAL FOOTPRINT: Office space 919 E. Grand River Ave Downtown Close to MSU More than 2,000 SF Negotiable There is more than 2,000 SF of office space available in the Merten Graham Building. The building is conveniently located in downtown East Lansing and in close vicinity to the Michigan State University. Financial Service Center 517-351-2400 City of East Lansing Planning and Community Development, April 25, 2012 15
Restaurant 1219 E. Grand River Ave Downtown Walking distance to MSU 2,858 SF $10.5/SF/year The free standing restaurant is conveniently located on the busy E. Grand River Avenue, in the vicinity of the MSU campus and the higher density neighborhoods to the north. The building is currently being used as Pappa s Pizza. Everything in this building is new and upgraded for food use. Tenant has 30 day notice to vacate from Landlord when another Tenant or buyer is found. Property is also for Sale. Kenneth B. Stockwell CCIM,SIOR Stockwell Real Estate Group, Inc. 517-349-1900 [Office] 517-285-3298 [Mobile] 517-349-5620 [Fax] City of East Lansing Planning and Community Development, April 25, 2012 16
Brookfield Plaza 1331 E. Grand River Ave Downtown Close to MSU and East Lansing neighborhoods 2,000 SF $14.4/SF/year The building is conveniently located in the vicinity of the MSU campus and the high density neighborhoods to the north. The building is located in the Brookfield Plaza, a mixed-use commercial center. Monthly lease is $2,000, lease type: modified gross. Well designed floor plan. Newer building - Well maintained. Ample parking. High traffic volume location. The Phipps Company 517-332-3000 City of East Lansing Planning and Community Development, April 25, 2012 17
Brookfield Plaza 1367 E. Grand River Ave Downtown Close to MSU and East Lansing neighborhoods Up to 10,000 SF NA The building is conveniently located in the vicinity of the MSU campus and the high density neighborhoods to the north. The building housed the former Country Market Grocery until the end of 2007. The building is located in the Brookfield Plaza, a mixed-use commercial center. There are several restaurants and retail businesses in this plaza, in addition to extensive parking space. Bagger Dave s Legendary Burger Tavern has opened recently in the western corner of the building. The Phipps Company, 517-332-3000 City of East Lansing Planning and Community Development, April 25, 2012 18
Interested persons should contact: Heather Pope Community Development Specialist The City of East Lansing Planning and Community Development (517) 319 6930 hpope@cityofeastlansing.com For more information about economic development in East Lansing visit www.cityofeastlansing.com/development City of East Lansing Planning and Community Development, April 25, 2012 19