Investment Overview

The Hollister Building, located at 106 W. Allegan Street in the heart of downtown Lansing, is a distinguished six-story, ±92,000-squarefoot mixed-use landmark combining ground-floor retail with upper level office space. Just steps from the Michigan State Capitol, the property enjoys unmatched proximity to key government offices, legislative agencies, and an expanding base of downtown residents. Surrounded by dining, retail, and cultural amenities, the building benefits from exceptional visibility, high walkability, and steady daytime foot traffic. Originally constructed in the early 20th century and tastefully renovated in the mid-2000s, the Hollister Building retains its historic character while providing modernized systems and flexible floor plates suitable for a diverse tenant mix—including government users, professional firms, retailers, and food and beverage concepts. With current asking rents near $20/SF, the asset is well-aligned with the downtown Lansing market’s positive trajectory, where vacancy rates are tightening, net absorption has turned positive, and both office and retail demand are supported by a growing live-work population within the urban core. As an investment opportunity, the Hollister Building offers a compelling combination of stability and value-add potential. Its premier location, durable tenant appeal, and mixed-use configuration support diversified income streams and long-term resilience. Strategic enhancements or historic tax credit utilization could further elevate returns, while the ongoing revitalization of downtown Lansing, new residential development momentum, and continued public-sector investment in the city center position the property as a cornerstone asset capable of delivering strong, sustainable performance well into the future.