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Office

The Louie

123 W Allegan St, Lansing, MI 48933

Listing Price: $19,648,800

Cap Rate
8.16%
Gross SF
95,000
Rentable SF
72,642
Price/Gross SF
$206.83
Lot Size
0.32 acres
Year Built
1959

Investment Overview

Louie is a premier office tower in the heart of Downtown Lansing,
directly across from the Michigan State Capitol. Originally constructed as
the Billie S. Farnum Building and later redeveloped by Boji Group, the
property has undergone a transformative renovation, modernizing all
building systems while preserving its historic prominence. The result is a
state-of-the-art office environment offering sweeping views of the Capitol,
high-end finishes, and flexible layouts that have attracted a strong tenant
roster of law firms, lobbying groups, and professional service companies.
Supported by substantial public-private incentives and positioned within
Lansing’s $600+ million downtown revitalization effort.
Lansing, Michigan is a dynamic Midwestern capital that blends
government, education, culture, and recreation into a compelling lifestyle
package. With the Michigan State Capitol at its core, Lansing hosts a strong
employment base in public administration, healthcare, manufacturing, and
research, anchored by institutions like Michigan State University and
Sparrow Health System. Its walkable downtown and adjacent
neighborhoods (Old Town, REO Town, East Lansing) deliver a rich arts
scene, frequent festivals, independent shops, farm-to-table and global
cuisine, museums such as the Michigan History Museum and the R.E. Olds
Transportation Museum, and family-friendly destinations like Impression
5 Science Center and the Potter Park Zoo. Outdoor amenities are
abundant: the Lansing River Trail, numerous parks, green spaces, rivers for
kayaking, and year-round recreation across all four seasons. Add
affordable housing, good schools, and proximity to other major Michigan
cities, and you have a city that offers investors, residents, and businesses
alike both quality of life and growth potential. Overall, The Louie presents
investors with a rare opportunity to acquire a stabilized, trophy-quality
asset in Michigan’s capital city with enduring demand drivers and long-term
value appreciation.

Investment Highlights

  • Prime Capitol Location- Directly across from Michigan State Capitol
  • +/- 95,000 Square Foot Premier Office Building | Comprehensive Renovations | +/- $11,000,000 in recent improvements
  • Consistent need for professional office space from government affiliated organizations, legal firms, and advocacy groups

Exclusively Listed By

Listing Price: $19,648,800

Cap Rate
8.16%
Gross SF
95,000
Rentable SF
72,642
Price/Gross SF
$206.83
Lot Size
0.32 acres
Year Built
1959

Investment Highlights

  • Prime Capitol Location- Directly across from Michigan State Capitol
  • +/- 95,000 Square Foot Premier Office Building | Comprehensive Renovations | +/- $11,000,000 in recent improvements
  • Consistent need for professional office space from government affiliated organizations, legal firms, and advocacy groups

Investment Overview

Louie is a premier office tower in the heart of Downtown Lansing, directly across from the Michigan State Capitol. Originally constructed as the Billie S. Farnum Building and later redeveloped by Boji Group, the property has undergone a transformative renovation, modernizing all building systems while preserving its historic prominence. The result is a state-of-the-art office environment offering sweeping views of the Capitol, high-end finishes, and flexible layouts that have attracted a strong tenant roster of law firms, lobbying groups, and professional service companies. Supported by substantial public-private incentives and positioned within Lansing’s $600+ million downtown revitalization effort. Lansing, Michigan is a dynamic Midwestern capital that blends government, education, culture, and recreation into a compelling lifestyle package. With the Michigan State Capitol at its core, Lansing hosts a strong employment base in public administration, healthcare, manufacturing, and research, anchored by institutions like Michigan State University and Sparrow Health System. Its walkable downtown and adjacent neighborhoods (Old Town, REO Town, East Lansing) deliver a rich arts scene, frequent festivals, independent shops, farm-to-table and global cuisine, museums such as the Michigan History Museum and the R.E. Olds Transportation Museum, and family-friendly destinations like Impression 5 Science Center and the Potter Park Zoo. Outdoor amenities are abundant: the Lansing River Trail, numerous parks, green spaces, rivers for kayaking, and year-round recreation across all four seasons. Add affordable housing, good schools, and proximity to other major Michigan cities, and you have a city that offers investors, residents, and businesses alike both quality of life and growth potential. Overall, The Louie presents investors with a rare opportunity to acquire a stabilized, trophy-quality asset in Michigan’s capital city with enduring demand drivers and long-term value appreciation.

Exclusively Listed By

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