Industrial Flex Warehouse with
1020 E Jolly Road Lansing, MI 48910
For Sale
$239,900
COMMERCIAL - Lansing, MI
Property Size3,315 SF
Lot Size0.24 Acres
Price / SF$72.37
Days on Market18
Property Features for 1020 E Jolly Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Exterior features
- Lighting
- Standard status
- Active
- APN
- 33-01-05-03-126-092
- Size
- 3,315 SF
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Year
- 25
- Tax Description
- COM ON SEC LINE 317.75 FT E OF N 1/8 POST OF NW 1/4 SEC 3, TH E 80 FT, S 165 FT W 80 FT, N 165 FT TO BEG; SEC 3 T3N R2W
- Tax Annual Amount
- 4532
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Cooling system
- Central Air, Multi Units
- Water source
- Public
Building Details
- Year built
- 1960
- Floors in Building
- 1
- Flooring type
- Carpet, Concrete
- Building materials
- Aluminum Siding, Block
- Roof type
- Metal
Listing Agency:
Keller Williams Realty Lansing
(517) 853-1200
Listed By:
Max A Billinghurst · License #6501416838
(269) 339-1431
Added: Jul 8
Changed: Jul 24
Last Checked: Jul 25 at 4:06AM
MLS# 297378
Copyright © 2026 Greater Lansing Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
1020 E Jolly Road offers a versatile industrial flex-style setup combining warehouse, office, and light industrial workspace. The building includes three-phase power and an updated HVAC system. Warehouse ceilings measure 8 to 13 feet, supporting a range of storage and workspace needs. Loading is facilitated by an 8-foot overhead door.
The office area is configured with several private offices plus a reception area, designed to support day-to-day business operations.
With its practical layout and established industrial improvements, this property is suited for users seeking both flexible work space and functional warehouse operations in a single facility.
The office area is configured with several private offices plus a reception area, designed to support day-to-day business operations.
With its practical layout and established industrial improvements, this property is suited for users seeking both flexible work space and functional warehouse operations in a single facility.
Key Highlights
- Industrial building with warehouse, office, and light industrial space
- 8- to 13‑foot ceilings plus an 8‑foot overhead door for loading and unloading
- Three‑phase power available for industrial operations and equipment
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.8k | $10.20 |
| − Vacancy | −$3.0k | −$0.92 |
| EGI | $30.8k | $9.28 |
| − OpEx | −$9.2k | −$2.78 |
| NOI | $21.5k | $6.50 |
3,315 SF · lease $10.20/SF/yr · vacancy 9.00% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$382.1K
$334.4K – $445.8K
NOI $26,750 @ 7.0% cap · market cap 11.15%
Second Best
Flex RnD
$365.7K
$320.0K – $426.6K
NOI $25,598 @ 7.0% cap · market cap 10.67%
Theoretical Best
Office A
$682.4K
$597.1K – $796.1K
NOI $47,766 @ 7.0% cap · market cap 19.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Bradford Printing Inc
Marketing & Advertising
Similar Off Market Nearby
- As Good As It Gets — 4130 Chickory Ln, Lansing, MI 48910
FAQs
What type of property is this?
Flex space - Versatile warehouse and office space with three-phase power, updated HVAC, and an 8-foot overhead door.
Where is this flex space located?
The property is located at 1020 E Jolly Road Lansing, MI.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Industrial building with warehouse, office, and light industrial space; 8- to 13‑foot ceilings plus an 8‑foot overhead door for loading and unloading; Three‑phase power available for industrial operations and equipment
