Industrial Flex
1020 E JOLLY RD Lansing, MI 48910
1020 E JOLLY RD, Lansing, MI, 48910
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For Sale
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Industrial facility with warehouse space, office buildout, three-phase power, and an overhead door.
Property Size3,315 SF
Price / SF$72.37
Days on Market15
Property Features for 1020 E JOLLY RD
General Information
- Standard status
- Active
- Size
- 3,315 SF
- Property subtype
- Industrial, Mixed Use
Building Details
- Year Built
- 1960
Listing agency
Keller Williams Realty lansing-East
(269) 339-1431
Listed by
Max Billinghurst · License #8873056
Source
Crexi
Added: Jul 8 Updated: Jul 21 at 9:28PM Checked: Jul 21 at 9:28PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty lansing-East
Investment Insights
Based on property information with market context.
1020 E. Jolly Rd is a versatile industrial facility designed for warehouse and light industrial uses, with a combined warehouse, office, and light industrial layout. The warehouse area offers 8'–13' clear ceiling heights and an 8' overhead door. Office buildout includes multiple private offices along with a reception area and administrative workspace.
The property is supported by three-phase power and has an updated HVAC system. It is described as well-suited for light manufacturing, warehousing, trade contractors, and other industrial users seeking flexible space.
This configuration provides a functional mix of operational and administrative space within a single facility, supporting a range of industrial and contractor-style business needs.
The property is supported by three-phase power and has an updated HVAC system. It is described as well-suited for light manufacturing, warehousing, trade contractors, and other industrial users seeking flexible space.
This configuration provides a functional mix of operational and administrative space within a single facility, supporting a range of industrial and contractor-style business needs.
Key Highlights
- Versatile industrial facility with warehouse, office, and light industrial uses
- 3‑phase power available
- Updated HVAC system
Local 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
Office B
$456.9K
$399.8K – $533.1K
NOI $31,983 @ 7.0% cap · market cap 13.33%
Second Best
Warehouse
$382.1K
$334.4K – $445.8K
NOI $26,750 @ 7.0% cap · market cap 11.15%
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
Location Intelligence
Current Use by Public Records
Bradford Printing Inc
Marketing & Advertising
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Similar Off Market Nearby
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FAQs
What type of property is this?
Flex space - Industrial facility with warehouse space, office buildout, three-phase power, and an overhead door.
Where is this flex space located?
The property is located at 1020 E JOLLY RD 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: Versatile industrial facility with warehouse, office, and light industrial uses; 3‑phase power available; Updated HVAC system
