Flex Space with Outdoor
For Sale
$95,000
1100 Lake Lansing Road, Lansing, MI 48906
Configured service-business workspace with equipment, a storage shed, adjacent land, and on-site parking.
Property Size880 SF
Price / SF$107.95
Days on Market73
Property Features for 1100 Lake Lansing Road
General Information
Standard status
Active
Size
880 SF
Property Condition
Severity
Repairs Needed
Evidence
in need of some updating
Additional Details
Outdoor Storage
Yes
Taxes and HOA fees
Annual Taxes
$846
Building Details
Building Size
880 SF
Listing Agency:
EXIT Realty Home Partners
(517) 803-2345
Listed By:
Gary Naeyaert · License #6502431061
(517) 281-2690
Source:
Exprealty
Added: Aug 5
Changed: Oct 8
Last Checked: Oct 15 at 4:42AM
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 EXIT Realty Home Partners
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Investment Insights
Based on property information with market context.
This 880-square-foot flex property is arranged for plumbing and heating operations and includes existing fixtures and equipment. The improvements need updating, allowing the next owner to rework the space around its operational requirements. An adjacent lot expands the property’s functional footprint, with room for equipment, vehicles, materials, or outdoor storage. The site also includes a storage shed and a small parking area.
Located at 1100 Lake Lansing Road in Lansing, Michigan, the property combines an enclosed work area with supplemental outdoor space. Its existing configuration and accessory improvements support a range of service-business applications, subject to verification of permitted uses and other property information.
Located at 1100 Lake Lansing Road in Lansing, Michigan, the property combines an enclosed work area with supplemental outdoor space. Its existing configuration and accessory improvements support a range of service-business applications, subject to verification of permitted uses and other property information.
Key Highlights
- 880‑square‑foot flex property configured for plumbing and heating operations
- Existing fixtures and equipment included
- Adjacent lot provides additional space for equipment, vehicles, materials, or outdoor storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,795
Cap Rate
7.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$135,900
$135.9K
Cap Rate 7%
$97,071
$97.1K
Cap Rate 9%
$75,500
$75.5K
Market Conditions
NOI Build-Up for 880 SF
Gross rent
$11.6K $13.20/SF
− Vacancy
−$1.2K −$1.32/SF
EGI
$10.5K $11.88/SF
− OpEx
−$3.7K −$4.16/SF
NOI
$6.8K $7.72/SF
Area
Lansing, MI
Vacancy
10.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$135,900
Cap Rate 7%
$97,071
Cap Rate 9%
$75,500
Alternative Uses
Best Use
Flex RnD
$97.1K
$84.9K – $113.3K
NOI $6,795 @ 7.0% cap · market cap 7.15%
Second Best
Industrial
$81.7K
$71.5K – $95.3K
NOI $5,718 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$181.1K
$158.5K – $211.3K
NOI $12,680 @ 7.0% cap · market cap 13.35%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
598
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48906, MI
25,674
Population
12,180
Households
2.1
Avg Household Size
37
Median Age
29%
College-Educated
91%
High-School Grad
32.5 sq mi
ZIP Area
790
Density / Sq Mi
$61,533
Median Household Income
$38,551
Median Earnings
$1,033
Median Rent
$128,600
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
- Lansing catering LLC — 3212 N East St, Lansing, MI 48906
Frequently Asked Questions
What type of property is this?
Flex space - Configured service-business workspace with equipment, a storage shed, adjacent land, and on-site parking.
Where is this flex space located?
The property is located at 1100 Lake Lansing Road Lansing, MI.
What is the asking price?
The asking price for this property is $95,000.
What are key features of this property?
This property features: 880‑square‑foot flex property configured for plumbing and heating operations; Existing fixtures and equipment included; Adjacent lot provides additional space for equipment, vehicles, materials, or outdoor storage
