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    419 Lentz Ct Lansing, MI 48917

    For Sale
    $815,000

    10,048 sq ft property with long-term income potential.

    Property size:
    10,048 SF
    Lot size:
    0.51 Acres

    Property Features for 419 Lentz Ct

    General Information

    Size
    10,048 SF
    Lot size
    0.51 Acres

    Source: Summit Realty Services LLC Agent Bill Jakovac

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Versatile Flex Space Warehouse

    This property offers 10,048 square feet of light industrial, retail, and flex space warehouse, configured as two suites that can be used separately or combined. Suite A, comprising 7,948 square feet, is currently leased to a national tenant under a NNN lease with three years remaining on a five-year lease, which is their second option period. Suite B, consisting of 2,100 square feet, is leased to an e-commerce company and includes a new bathroom, service door, and LED lighting with motion sensors. The property features a loading dock, roll-up doors, multiple offices, a conference room, a showroom, and 480 Volt 3-Phase Electric, accommodating various business needs. Recent renovations include a newer roof, high-efficiency furnaces, and upgraded lighting throughout. A generous parking lot with freshly laid asphalt provides convenience for tenants and clients. The property is located next to the off-ramp of Highway 496 at the Waverly Road exit, offering excellent long-term income potential and flexible building uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    National Seating & Mobility Medical Supply Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Eaton
    State
    Michigan
    Longitude
    -84.59164
    Latitude
    42.729352

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    FAQs

    What type of property is this?
    Flex space - 10,048 sq ft property with long-term income potential.
    Where is this flex space located?
    The property is located at 419 Lentz Ct Lansing, MI.
    What is the asking price?
    The asking price for this property is $815,000.
    What are key features of this property?
    This property features: - NNN Lease in place with a National Tenant in Suite A (7,948 sq ft) with 3 years remaining on a 5-year lease and second option period.; - Located next to the Highway 496 Waverly Road exit.; - 10,048 sq ft of versatile space suitable for light industrial, retail, and flex space warehouse uses.
    (517) 285-1097
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    419 Lentz Ct Lansing, MI 48917
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    Lansing, MI 48917
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    Realmo Value Estimation

    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.

    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.

    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
    419 Lentz Ct Lansing, MI 48917
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