Industrial Warehouse with Loading
2116 Mint Rd Lansing, MI 48906
For Sale
$2,350,000
IND-1 zoned industrial building with office space, 2 drive-in doors, and 3 loading docks, plus tenant income through October.
Property Size30,000 SF
Lot Size1.25 Acres
Price / SF$78.33
Days on Market78
Property Features for 2116 Mint Rd
General Information
- Standard status
- Active
- Size
- 30,000 SF
- Lot size
- 1.25 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1971
Listing Agency:
NAI Mid-Michigan
(517) 881-6088
Listed By:
Nicholas Vlahakis · License #6505298469
(517) 881-6088
Source:
Cpix.resimplifi
Added: May 7
Changed: Jul 23
Last Checked: Jul 23 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 NAI Mid-Michigan
Investment Insights
Based on property information with market context.
2116 Mint Rd is a for-sale industrial/manufacturing property with a total building size of 30,000 square feet and 3,200 square feet of office space. Constructed in 1971, the facility offers ceiling heights ranging from 15 feet to 26 feet. The building has 2 drive-in doors and 3 loading docks. Three restrooms are included, and utilities are provided by BWL and Consumers Energy. A parking lot was added in 2022.
The property is located in the Lansing, Michigan area and is zoned IND-1. The offering includes 1.247 acres of land.
The current tenant has a lease scheduled to continue until October, with rent listed at $15,000 per month.
The property is located in the Lansing, Michigan area and is zoned IND-1. The offering includes 1.247 acres of land.
The current tenant has a lease scheduled to continue until October, with rent listed at $15,000 per month.
Key Highlights
- 30,000 SF industrial/manufacturing building built in 1971
- IND‑1 zoning with 3 loading docks and 2 drive‑in doors
- Ceilings range from 15 ft to 26 ft
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $306.0k | $10.20 |
| − Vacancy | −$27.5k | −$0.92 |
| EGI | $278.5k | $9.28 |
| − OpEx | −$83.5k | −$2.78 |
| NOI | $194.9k | $6.50 |
30,000 SF · lease $10.20/SF/yr · vacancy 9.00% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$3.46M
$3.03M – $4.03M
NOI $242,083 @ 7.0% cap · market cap 10.30%
Second Best
Industrial
$2.78M
$2.44M – $3.25M
NOI $194,922 @ 7.0% cap · market cap 8.29%
Theoretical Best
Office A
$6.18M
$5.40M – $7.20M
NOI $432,268 @ 7.0% cap · market cap 18.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Foresight Group Warehouse
Warehouse & Storage
Greater Lansing Food ...
Food Bank
American Red Cross ...
Food Bank
Greater Lansing Food ...
Bank
FAQs
What type of property is this?
Manufacturing property - IND-1 zoned industrial building with office space, 2 drive-in doors, and 3 loading docks, plus tenant income through October.
Where is this manufacturing property located?
The property is located at 2116 Mint Rd Lansing, MI.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: 30,000 SF industrial/manufacturing building built in 1971; IND‑1 zoning with 3 loading docks and 2 drive‑in doors; Ceilings range from 15 ft to 26 ft
