Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    Rickle St Lansing, MI 48917

    Sponsored
    For Sale
    $653,400

    LAND - Lansing, MI

    Lot size:
    6.00 Acres
    Days on Market:
    22
    Last Refresh:
    Jan 19 at 9:06 am

    Property Features for Rickle St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    Parent To 6 Parcels
    Lot size
    6.00 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Kenneth Burton
    Kenneth Burton

    Keller Williams Realty (517) 853-1200 [email protected]

    Listing agent Kenneth Burton (517) 242-2000 License #6501414220

    Listing date Dec 29, 2025

    MLS# 253881 Listing URL

    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.

    Learn more

    Overview

    Industrial Parcels in Established Park

    Six one-acre industrial parcels are available within an established industrial park. The sites offer city sewer and water, along with full utility availability. The location provides immediate access to major highways, facilitating regional and interstate connectivity. The parcels are positioned near General Motors, Tier One automotive suppliers, and logistics and distribution users, including FedEx, Meijer, and Amazon Distribution Centers. The location is enhanced by its proximity to a new battery plant, a significant Lansing Board of Water & Light development, and ongoing future industrial expansion. These shovel-ready sites are suitable for manufacturing, logistics, warehousing, or supplier-driven development, offering an opportunity to secure scalable industrial land.
    Location Intelligence

    Current Use by Public Records

    Industrial land

    Map

    City
    Lansing
    County
    Eaton
    State
    Michigan
    Longitude
    -84.664395
    Latitude
    42.703398

    Nearby Similar for Sale

    • New
      $165,000
      0.15 Acres

      Lansing Multifamily Investment Opportunity

      Four-unit multifamily property near U of M Health - Sparrow Hospital.
      602 N Pennsylvania Ave, Lansing, MI 48912
      View Details
    • $652,000
      14,388 SF

      Historic REO Town Marketplace Building

      Unique 14,388 SF building in Lansing's REO Town.
      1023 S Washington Ave, Lansing, MI 48910
      View Details
    • $219,900
      Pending

      Well-Maintained Duplex in Lansing

      Duplex with investment potential, updated mechanicals, and strong rental upside.
      1600 Lockbridge Dr, Lansing, MI 48911
      View Details
    • $290,000
      0.15 Acres

      Two Homes on One Lot

      Two homes on one lot, ideal for living or investment.
      215 Winifred Ave, Lansing, MI 48917
      View Details
    • $1,950,000
      25,986 SF

      Grand Riverfront Commercial Opportunity

      Over 25,000 SF of flexible space in Lansing, MI.
      1212 S Washington Ave Ave, Lansing, MI 48910
      View Details
    • $300,000
      0.19 Acres

      Lansing Multifamily Investment Opportunity

      Multifamily property in Lansing, suitable for investors or homeowners.
      412 S Hayford Ave, Lansing, MI 48912
      View Details
    • $220,000
      0.26 Acres

      Lansing Duplex with Rental Income

      Well-maintained duplex in Lansing, MI with strong rental income.
      4400 Chadburne Dr, Lansing, MI 48911
      View Details
    • $119,900
      1,776 SF

      Lansing Commercial Property with IND-2 Zoning

      Commercial property with IND-2 zoning, suitable for diverse uses.
      901 Call St, Lansing, MI 48906
      View Details
    • $159,900
      0.12 Acres

      Lansing Two-Unit Investment Property

      Well-maintained two-unit property with rental license near downtown Lansing.
      2515 S Martin Luther King Jr Blvd, Lansing, MI 48910
      View Details
    • $200,000
      0.19 Acres

      Lansing Duplex in Old West

      Fully occupied duplex in Lansing's desirable Old West Side neighborhood.
      1400 W Michigan Ave, Lansing, MI 48915
      View Details
    • $223,000
      0.21 Acres

      Lansing Multifamily Property For Sale

      Duplex in Lansing, MI with rental income potential.
      4114 Burchfield Dr, Lansing, MI 48910
      View Details
    • $110,000
      Pending

      Lansing Multifamily Residential Income Property

      Multifamily property for sale in Lansing, Michigan.
      1913 Stirling Ave, Lansing, MI 48910
      View Details

    FAQs

    What type of property is this?
    Industrial land - Six one-acre industrial parcels with utilities and highway access.
    Where is this industrial land located?
    The property is located at Rickle St Lansing, MI.
    What is the asking price?
    The asking price for this property is $653,400.
    What are key features of this property?
    This property features: - Shovel-ready one-acre industrial parcels with full utility availability (city sewer and water).; - Immediate access to major highways for efficient regional and interstate connectivity.; - Located within a well-established industrial park.
    (517) 242-2000
    Request Owner's contact information
    Rickle St Lansing, MI 48917
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Rickle St
    Lansing, MI 48917
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Rickle St Lansing, MI 48917
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Kenneth Burton
    Kenneth Burton
    Real Estate License ID: 6501414220
    (517) 242-2000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.