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1500 Watertower Pl
East Lansing, MI 48823
Office Property For Sale


Investment Highlights
- Dedicated x-ray room
- All maintenance managed by association
- Waiting area and reception desk
- Turnkey medical suite
Executive Summary
For sale or lease: Turnkey 2,816 sq ft former podiatry office condominium unit at 1500 Watertower Place, East Lansing, MI 48823.
The professional medical space includes a practical layout with two restrooms (one with a shower for added convenience), a dedicated X-ray room, a welcoming waiting area with a built-in reception desk, and a separate check-out area to ensure efficient patient flow and privacy. As a condo unit, all common area maintenance—such as landscaping, snow removal, and exterior upkeep—is professionally managed by the association, reducing ownership burdens. The building maintains an exclusive all-medical tenant mix, promoting collaboration and potential referrals among healthcare professionals.Located in a prime East Lansing corridor, the property offers excellent accessibility near major roadways like US-127 and I-496, close to Michigan State University (with its large student and faculty population) and Sparrow Hospital, supporting a robust patient base in the Greater Lansing area. The surrounding neighborhood provides convenient amenities for staff and visitors alike: nearby shopping options include Eastwood Towne Center (with upscale retailers, home goods, and dining) and Meridian Mall areas, while abundant restaurants range from casual spots like HopCat, Crunchy's, and The Peanut Barrel to diverse eateries offering everything from pub fare and sushi to international cuisine. East Lansing's population hovers around 48,000–49,000 residents (with recent estimates near 49,435 in 2026), bolstered by a youthful, educated demographic tied to MSU—creating a vibrant, stable environment ideal for medical, dental, therapy, or similar practices. This move-in-ready unit in a prestigious healthcare-focused building represents a strong opportunity to join the community.
The professional medical space includes a practical layout with two restrooms (one with a shower for added convenience), a dedicated X-ray room, a welcoming waiting area with a built-in reception desk, and a separate check-out area to ensure efficient patient flow and privacy. As a condo unit, all common area maintenance—such as landscaping, snow removal, and exterior upkeep—is professionally managed by the association, reducing ownership burdens. The building maintains an exclusive all-medical tenant mix, promoting collaboration and potential referrals among healthcare professionals.Located in a prime East Lansing corridor, the property offers excellent accessibility near major roadways like US-127 and I-496, close to Michigan State University (with its large student and faculty population) and Sparrow Hospital, supporting a robust patient base in the Greater Lansing area. The surrounding neighborhood provides convenient amenities for staff and visitors alike: nearby shopping options include Eastwood Towne Center (with upscale retailers, home goods, and dining) and Meridian Mall areas, while abundant restaurants range from casual spots like HopCat, Crunchy's, and The Peanut Barrel to diverse eateries offering everything from pub fare and sushi to international cuisine. East Lansing's population hovers around 48,000–49,000 residents (with recent estimates near 49,435 in 2026), bolstered by a youthful, educated demographic tied to MSU—creating a vibrant, stable environment ideal for medical, dental, therapy, or similar practices. This move-in-ready unit in a prestigious healthcare-focused building represents a strong opportunity to join the community.
Property Facts
Sale Type
Owner User
Property Type
Building Size
8,200 SF
Building Class
B
Year Built
2007
Price
$619,875 CAD
Price Per SF
$75.59 CAD
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
8,200 SF
Building FAR
3.36
Lot Size
0.06 AC
Zoning
Commercial
Parking
64 Spaces (7.8 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Signage
- Reception
- Air Conditioning
- Smoke Detector
Property Taxes
| Parcel Number | 20-01-02-226-301 | Improvements Assessment | $217,840 CAD |
| Land Assessment | $0 CAD | Total Assessment | $217,840 CAD |
Property Taxes
Parcel Number
20-01-02-226-301
Land Assessment
$0 CAD
Improvements Assessment
$217,840 CAD
Total Assessment
$217,840 CAD
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