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    919 Filley St Lansing, MI 48906

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    For Sale
    $1,830,000

    Fully leased warehouse with long-term tenant in Lansing, Michigan.

    Property size:
    25,382 SF
    Lot size:
    1.10 Acres

    Property Features for 919 Filley St

    General Information

    Size
    25,382 SF
    Lot size
    1.10 Acres

    Source: Martin Commercial Properties Agent Christopher T. Miller, SIOR

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

    Overview

    Lansing Warehouse Investment Opportunity

    This 25,382 square foot warehouse in Lansing, Michigan, is available as a fully leased, single-user industrial investment opportunity. The property is currently leased to 1st Choice Delivery, a provider of final mile services, under a long-term lease. The warehouse features 16 to 18-foot ceilings, a sprinkler system, 240-volt, 3-phase power, and 4-inch reinforced concrete floors. Loading and access are facilitated by 4 drive-in doors and 2 dock doors. The investment offers a 9.02% cap rate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Garden Project Community Garden Spartan Lawn Care Lawn Care Service M J Soffe Sporting Goods Store

    Suggested Use

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

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

    Similar Places Nearby

    Mac's Storage Containers, Supreme Storage Containers in Lansing, MI, JKLogix, Indoor Motorhome Storage, Storage Rentals of America

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Eaton
    State
    Michigan
    Longitude
    -84.564533
    Latitude
    42.762277

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    FAQs

    What type of property is this?
    Warehouse - Fully leased warehouse with long-term tenant in Lansing, Michigan.
    Where is this warehouse located?
    The property is located at 919 Filley St Lansing, MI.
    What is the asking price?
    The asking price for this property is $1,830,000.
    What are key features of this property?
    This property features: - Long-term lease signed by 1st Choice Delivery, a large national final mile service provider.; - 9.02% cap rate offers a strong return on investment.; - Fully leased single-user industrial property provides stable income.
    (517) 242-7561
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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
    919 Filley St Lansing, MI 48906
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