Industrial Flex
For Sale
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1020 E JOLLY RD, Lansing, MI 48910
Industrial facility with warehouse space, office buildout, three-phase power, and an overhead door.
Property Size3,315 SF
Price / SF$72.37
Days on Market114
Property Features for 1020 E JOLLY RD
General Information
Standard status
Active
Size
3,315 SF
Class
C
Property subtype
Industrial, Mixed Use
Zoning
MX-C
Site & Location
Neighborhood
East Battenfield Neighborhood Association
Warehouse & Industrial
Clear Height
13 ft
Heavy Power
Yes
Building Details
Year Built
1960
Buildings
1
Stories
1
Units
1
Listing Agency:
Keller Williams Realty lansing-East
Listed By:
Max Billinghurst · License #8873056
(269) 339-1431
Source:
Crexi
Added: Jul 8
Changed: Oct 26
Last Checked: Oct 28 at 7:49AM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,539
Cap Rate
8.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$430,780
$430.8K
Cap Rate 7%
$307,700
$307.7K
Cap Rate 9%
$239,322
$239.3K
Market Conditions
NOI Build-Up for 3,315 SF
Gross rent
$33.8K $10.20/SF
− Vacancy
−$3.0K −$0.92/SF
EGI
$30.8K $9.28/SF
− OpEx
−$9.2K −$2.78/SF
NOI
$21.5K $6.50/SF
Area
Lansing, MI
Vacancy
9.00%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$430,780
Cap Rate 7%
$307,700
Cap Rate 9%
$239,322
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
13 ft
Clear height
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
622
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48910, MI
33,702
Population
17,119
Households
2
Avg Household Size
35
Median Age
32%
College-Educated
91%
High-School Grad
14.2 sq mi
ZIP Area
2,373
Density / Sq Mi
$52,154
Median Household Income
$36,643
Median Earnings
$1,003
Median Rent
$117,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- As Good As It Gets — 4130 Chickory Ln, Lansing, MI 48910
Frequently Asked Questions
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
