3850 Circle Drive Lansing Lansing, MI 48911

Listing agency Colliers - Grand Rapids, Michigan s***@colliers.com Show Phone

Listed by Julie O'Brien · License #MI 6501367787

Source Crexi

Added: Apr 12 Updated: Jul 21 at 7:37AM Checked: Jul 21 at 7:37AM

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Investment Insights

Based on property information with market context.

This property includes a fenced-in, gated exterior storage area and a hangar/warehouse with steel construction. The hangar is fully insulated and features 19' ceiling clearance, cement floors, and a 14' x 12' grade level door with electric opener. It also has suspended gas heating units, plus a separate hanger door clearance for access to the exterior storage/parking area. An office building of approximately 2,600 SF is block constructed and includes heating and air conditioning, with private entrance and interior amenities such as reception, conference room, kitchenette, five offices, and two single-stall restrooms.

The site is identified for an aviation-related use and is situated on 0.77 acres. Zoning is listed as H-Light Industrial. The public remarks indicate the sale includes a leasehold estate with the Capital Region Airport Authority and references an annual lease payment of +/- $9,435 (or $786/month).

The hangar measures 5,760 SF (72'9" x 80') and was built in 1968. The office building was built in 1966.

Key Highlights

• Leasehold estate with CRAA annual lease payment of +/- $9,435 (about $786/month) and 0.77 acres
• 5,760 SF hangar/warehouse: steel construction built in 1968 with 19' ceiling clearance
• 1 (14' x 12') grade level door with electric opener plus hanger door clearance for exterior access

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FAQs

What type of property is this?

Aviation real estate - Steel-built hangar with 19' clearance, gated storage, and an attached multi-office block office.

Where is this aviation real estate located?

The property is located at 3850 Circle Drive Lansing Lansing, MI.

What are key features of this property?

This property features: Leasehold estate with CRAA annual lease payment of +/- $9,435 (about $786/month) and 0.77 acres; 5,760 SF hangar/warehouse: steel construction built in 1968 with 19' ceiling clearance; 1 (14' x 12') grade level door with electric opener plus hanger door clearance for exterior access