Partially Occupied Industrial
For Sale
Contact for pricing
1721 N Grand River Ave, Lansing, MI 48906
Partially occupied climate-controlled industrial facility with 12' ceilings, sprinkler system, and multiple loading doors.
Property Size22,420 SF
Price / SF$0.00
Days on Market235
Property Features for 1721 N Grand River Ave
General Information
Standard status
Active
Size
22,420 SF
Property subtype
Industrial
Zoning
IND-1
Site & Location
Neighborhood
Knollwood Willow Neighborhood Association
Warehouse & Industrial
Clear Height
12 ft
Dock-High Doors
2
Drive-In Doors
1
Sprinkler System
Yes
Building Details
Building Size
22,420 SF
Year Built
1957
Listing Agency:
Martin Commercial Properties
Listed By:
Christopher T. Miller
(517) 242-7561
Source:
Cpix.resimplifi
Added: Mar 5
Changed: Oct 25
Last Checked: Oct 26 at 12:41PM
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 Martin Commercial Properties
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Investment Insights
Based on property information with market context.
This partially occupied industrial building totals 22,420 SF and includes climate-controlled space with 12' ceilings throughout. The property features a sprinkler system and loading access through two dock doors and one drive-in door. An available 10,376 SF vacant suite is ready for occupancy, and the property also has amenities and parking suited to day-to-day operations.
The offering is structured so the entire building may be purchased, or the available suite may be leased for occupancy. The adjacent 12,044 SF suite is occupied by National Dentex Labs.
For tenants or buyers, the site presents a practical industrial configuration with climate control, multiple loading options, and parking, supported by the existing occupancy next door.
The offering is structured so the entire building may be purchased, or the available suite may be leased for occupancy. The adjacent 12,044 SF suite is occupied by National Dentex Labs.
For tenants or buyers, the site presents a practical industrial configuration with climate control, multiple loading options, and parking, supported by the existing occupancy next door.
Key Highlights
- 22,420 SF climate‑controlled industrial building partially occupied
- 10,376 SF vacant for occupancy; entire property available for sale
- 12' ceilings, sprinkler system, and multiple loading doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$145,672
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,913,440
$2.9M
Cap Rate 7%
$2,081,029
$2.1M
Cap Rate 9%
$1,618,578
$1.6M
Market Conditions
NOI Build-Up for 22,420 SF
Gross rent
$228.7K $10.20/SF
− Vacancy
−$20.6K −$0.92/SF
EGI
$208.1K $9.28/SF
− OpEx
−$62.4K −$2.78/SF
NOI
$145.7K $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%
$2,913,440
Cap Rate 7%
$2,081,029
Cap Rate 9%
$1,618,578
Alternative Uses
Best Use
Warehouse
$2.58M
$2.26M – $3.02M
NOI $180,916 @ 7.0% cap · market cap 2,783,323.08%
Second Best
Industrial
$2.08M
$1.82M – $2.43M
NOI $145,672 @ 7.0% cap · market cap 2,241,107.69%
Theoretical Best
Office A
$4.61M
$4.04M – $5.38M
NOI $323,048 @ 7.0% cap · market cap 4,969,969.23%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
12 ft
Clear height
2
Dock-high doors
1
Drive-in doors
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
555
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Distribution center - Partially occupied climate-controlled industrial facility with 12' ceilings, sprinkler system, and multiple loading doors.
Where is this distribution center located?
The property is located at 1721 N Grand River Ave Lansing, MI.
What are key features of this property?
This property features: 22,420 SF climate‑controlled industrial building partially occupied; 10,376 SF vacant for occupancy; entire property available for sale; 12' ceilings, sprinkler system, and multiple loading doors
