Light Industrial Flex
For Sale
$599,000
2305 N High St, Lansing, MI 48906
For-sale flex/light industrial building with a flexible interior layout and ample on-site parking near major roadways.
Property Size4,416 SF
Price / SF$135.64
Days on Market176
Property Features for 2305 N High St
General Information
Standard status
Active
Size
4,416 SF
Class
A
Total Parking Spaces
16
Property subtype
Industrial
Zoning
IND-1
Building Details
Building Size
4,416 SF
Year Built
1951
Stories
1
Listing Agency:
REMAX REAL ESTATE PROFESSIONALS
Listed By:
Tim Sabrosky · License #6501389687
(517) 285-3017
Source:
Cpix.resimplifi
Added: Apr 28
Changed: Oct 9
Last Checked: Oct 19 at 3:33AM
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 REMAX REAL ESTATE PROFESSIONALS
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Investment Insights
Based on property information with market context.
This for-sale flex/light industrial property is offered as a turnkey cultivation opportunity and features a flexible interior layout designed to support a range of business configurations. The building is positioned to take advantage of strong visibility, and it includes ample on-site parking for staff and clients.
Located at 2305 N High Street in Lansing, MI, the property provides easy access to major roadways. The current offering includes a building size of 4,416 square feet.
If you’re looking for a light industrial/flex facility with adaptable interior space and convenient parking, this Lansing property is worth a closer look.
Located at 2305 N High Street in Lansing, MI, the property provides easy access to major roadways. The current offering includes a building size of 4,416 square feet.
If you’re looking for a light industrial/flex facility with adaptable interior space and convenient parking, this Lansing property is worth a closer look.
Key Highlights
- 1951‑built flex/light industrial building with a flexible interior layout
- Versatile space designed to accommodate a variety of business configurations
- Ample on‑site parking for clients and staff
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,100
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$682,000
$682.0K
Cap Rate 7%
$487,143
$487.1K
Cap Rate 9%
$378,889
$378.9K
Market Conditions
NOI Build-Up for 4,416 SF
Gross rent
$58.3K $13.20/SF
− Vacancy
−$5.8K −$1.32/SF
EGI
$52.5K $11.88/SF
− OpEx
−$18.4K −$4.16/SF
NOI
$34.1K $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%
$682,000
Cap Rate 7%
$487,143
Cap Rate 9%
$378,889
Alternative Uses
Best Use
Flex RnD
$487.1K
$426.3K – $568.3K
NOI $34,100 @ 7.0% cap · market cap 5.69%
Second Best
Industrial
$409.9K
$358.7K – $478.2K
NOI $28,693 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$909.0K
$795.4K – $1.06M
NOI $63,630 @ 7.0% cap · market cap 10.62%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
500
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
Check the figures for this property
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 - For-sale flex/light industrial building with a flexible interior layout and ample on-site parking near major roadways.
Where is this flex space located?
The property is located at 2305 N High St Lansing, MI.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 1951‑built flex/light industrial building with a flexible interior layout; Versatile space designed to accommodate a variety of business configurations; Ample on‑site parking for clients and staff
