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Former Law School Campus

2 Office Properties Offered at $6,750,000 in Lansing, MI

Investment Highlights

  • 313 S. Capitol Avenue and 330 S. Washington Square present a unique opportunity to own two prime properties in Downtown Lansing.
  • Two blocks from the Michigan State Capitol, a significant demand driver for the area with necessary infrastructure and access to state resources.
  • Within walking distance to the CATA Transportation Center and a wide range of amenities, from eateries and shops to services and government offices.
  • Encompasses 138,561 square feet across two buildings with an open floor plan and rare private, gated parking, suitable for diverse business needs.
  • Benefit from Downtown Lansing's continual revitalization, a central downtown location, and flexibility for existing corporate office or redevelopment.
  • Previously used as a law school campus, these properties can be purchased together or separately, offering flexibility for potential buyers.

Executive Summary

313 S. Capitol Avenue and 330 S. Washington Square offer an excellent opportunity to own two exceptional properties in the heart of Downtown Lansing. This dynamic portfolio comprises 138,561 square feet across two buildings, boasting an open floor plan and a modern appearance suitable for various business uses. The buildings also feature private, gated parking, a rare and valuable aspect of the downtown area. Formerly operating as a law school campus, 313 S. Capitol Avenue and 330 S. Washington Square can be purchased together or individually.

Located just two blocks from the Michigan State Capitol, 313 S. Capitol Avenue and 330 S. Washington Square provide an ideal site for the redevelopment or repurposing of assets. The proximity to state and local government is a significant driver for the area, attracting major occupiers such as law firms, accounting firms, associations, lobbyist firms, financial services, and prominent banks. Downtown Lansing also provides the necessary infrastructure and access to state resources, making it an attractive location for large-scale operations. Top corporations and organizations such as Clark Hill, Deloitte, Dickinson Wright, Dykema Law, Miller Canfield, Foster Swift, Fraser Law, Huntington Bank, and PNC Bank call downtown home.

These properties benefit from downtown's ongoing revitalization, becoming a vibrant business, dining, and entertainment hub. Downtown Lansing's transformation is driven by exciting new developments like the Ovation Center, a large-scale performing arts venue set to open in 2025, and the new hotel development at the former City Hall site. Several housing developments are on the horizon with proposed or under-construction apartments, supporting the continual growth of young and creative talent. The highly anticipated Macotta Club is opening this winter. This $4 million project is a Food-Hall/Bar Business Incubator Program designed to launch 16 food-based businesses while adding nighttime activity and residential amenities. Also, Grewal Hall at 224 is now open and ready to accommodate a range of events from concerts, weddings, and corporate conferences to charity events and trade shows with a standing room capacity of 900 persons. These projects and more bring new energy and activity to the area, making it a destination for businesses and visitors alike.

313 S. Capitol Avenue and 330 S. Washington Square are situated in a highly accessible location, surrounded by commuter routes and neighborhood amenities. The CATA Transportation Center is within walking distance, offering convenience for employees and visitors. This proximity facilitates transportation and provides access to various eateries, shops, and services, along with major employers and state government offices. Additionally, the site is minutes from Interstate 496/Olds Freeway, making commutes seamless and enhancing its strategic appeal.

Sale Flyer

More Attachments

Cooley Assets Overview

Property Facts

Price $6,750,000
Price / SF $56.31 / SF
Sale Type Owner User
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 119,869 SF
Total Land Area 1.33 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
330 S Washington Sq, Lansing, MI 48933 Office 55,968 SF 1950 -
313 S Capitol Ave, Lansing, MI 48933 Office 63,901 SF 1961 -
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Sale Advisors

Sale Advisors

(517) 351-2200
Contact
Van Martin, President and CEO
(517) 351-2200
Contact
Van W. Martin, SIOR, CCIM, CRE, has been at the helm of Martin Commercial Properties
for over four decades, and with his commitment to excellence, the 61-year-old rm has
grown to become Mid-Michigan’s premier commercial real estate services provider.
Through Van’s strategic leadership, Martin’s team continues to perform at the highest
levels across the ve core business lines of brokerage, property development, property
management, corporate services, and investment services.
Nearly 40 years ago, Van founded Martin Property Development providing construction
management, project management, and development services for ofce, retail, and
industrial properties. In addition, he co-founded and is managing partner of Riverstone
Capital Partners, a private equity real estate fund.
(517) 299-1888
Contact
Cutler Martin, Managing Director
(517) 299-1888
Contact
Cutler Martin brings an innovative and contemporary perspective on business operations to Martin Commercial Properties. Cutler specializes in leveraging opportunities for the maximum benefit of investors through research-based predictive methodology and is highly skilled at identifying trends in commercial real estate country-wide. He joined the company’s investment sales team in 2018 and has advised on transactions and opportunities across Michigan and other U.S. markets.
  • Listing ID: 33551050

  • Date on Market: 10/17/2024

  • Last Updated:

  • Address: Former Law School Campus, Lansing, MI

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