Industrial Cultivation-Ready
2305 N High Street Lansing, MI 48906
New
2305 N High Street, Lansing, MI, 48906
$493,900
For Sale
$493,900
COMMERCIAL - Lansing, MI
Property Size4,416 SF
Lot Size0.31 Acres
Price / SF$111.84
Days on Market1
Property Features for 2305 N High Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Open
- Exterior features
- Lighting, Private Yard, Rain Gutters
- Standard status
- Active
- APN
- 33-01-01-03-354-082
- Size
- 4,416 SF
- Lot size
- 0.31 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOTS 21, 22 & 23 REPLAT OF LOTS 1 TO 34 INCL OF PARK MANOR HEIGHTS
- Tax Annual Amount
- 7400
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air, Multi Units
- Water source
- Public
Building Details
- Year built
- 1951
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Concrete
- Building materials
- Block
- Roof type
- Shingle
Listing agency
Keller Williams Realty Lansing
(517) 853-1200
Listed by
Kenneth Burton · License #6501414220
(517) 242-2000
Added: Jul 22 Checked: Jul 22 at 4:06PM
MLS# 297789
Copyright © 2026 Greater Lansing Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This industrial building is offered for sale as a turn-key cultivation facility, with interior build-out already in place for cultivation operations. The property totals 4,400 SF and is configured to support immediate functionality, while also allowing for redevelopment or conversion to alternative industrial uses depending on tenant or user needs.
The site is located at 2305 N High Street in Lansing, Michigan, within Ingham County. The listing information indicates the property is suited to a variety of industrial and commercial users, with existing infrastructure intended to reduce startup effort.
Set on a 0.31-acre lot, this facility is being marketed as a flexible option for buyers looking for an operational industrial asset today and conversion optionality for the future.
The site is located at 2305 N High Street in Lansing, Michigan, within Ingham County. The listing information indicates the property is suited to a variety of industrial and commercial users, with existing infrastructure intended to reduce startup effort.
Set on a 0.31-acre lot, this facility is being marketed as a flexible option for buyers looking for an operational industrial asset today and conversion optionality for the future.
Key Highlights
- 4,400 SF industrial building built out for cultivation operations
- Block construction with shingle roof
- Concrete flooring and natural gas forced‑air heating
Local Financial Insights For Warehouse
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 | $46.6k | $10.56 |
| − Vacancy | −$4.7k | −$1.07 |
| EGI | $41.9k | $9.49 |
| − OpEx | −$6.3k | −$1.42 |
| NOI | $35.6k | $8.07 |
4,416 SF · lease $10.56/SF/yr · vacancy 10.10% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$509.1K
$445.4K – $593.9K
NOI $35,635 @ 7.0% cap · market cap 7.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$909.0K
$795.4K – $1.06M
NOI $63,630 @ 7.0% cap · market cap 12.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Metro Construction Company
Construction Company
Similar For Sale Nearby
FAQs
What type of property is this?
Cannabis property - Turn-key industrial building built out for cultivation operations, offering immediate functionality and flexibility for alternative industrial uses.
Where is this cannabis property located?
The property is located at 2305 N High Street Lansing, MI.
What is the asking price?
The asking price for this property is $493,900.
What are key features of this property?
This property features: 4,400 SF industrial building built out for cultivation operations; Block construction with shingle roof; Concrete flooring and natural gas forced‑air heating
