Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Mason Warehouse Space for Lease Title is generated by Realmo AI

    4171 Legion Dr, Mason, MI 48854

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Versatile warehouse suites available with convenient drive-in door access.

    Type:Industrial
    Property size:
    1,034 SF
    Added:
    Dec 1, 2023
    Days on Market:
    893
    Last Refresh:
    Mar 17 at 1:21 pm

    Property Features for 4171 Legion Dr

    General Information

    Standard status
    Active
    Size
    1,034 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1985

    Spaces For Lease

    at 4171 Legion Dr Contact us

    Suite 1 $9 /Mo

    Size
    1,584 SF
    Type
    Industrial
    Welcome to 4171 Legion Drive in Mason, Michigan—a prime opportunity for businesses...
    show more
    Contact us

    Suite 2 $9 /Mo

    Size
    1,034 SF
    Type
    Industrial
    Welcome to 4171 Legion Drive in Mason, Michigan—a prime opportunity for businesses...
    show more
    Contact us

    We can help!

    Listing Contact
    Matthew Wisniewski
    Matthew Wisniewski

    Listing agent Matthew Wisniewski License #MI 6501360426

    Listing office RE/MAX Commercial Group

    Listing date Dec 1, 2023

    Source Crexi

    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 RE/MAX Commercial Group

    HighLights

    • Strategically located off Cedar Street in Mason at the US 127 interchange, providing seamless connectivity and easy access to the Lansing area.
    • Versatile warehouse space with three distinct suites available for lease.
    • Each suite features overhead drive‑in door access with 10' high bay doors for convenient loading and unloading.
    • Suitable for a range of businesses, including storage and light manufacturing.
    • Suite 2 offers 1,034 sq ft of space.
    • Leases include common area maintenance fees, ensuring a hassle‑free experience.

    Overview

    Located at 4171 Legion Drive in Mason, Michigan, this warehouse building offers three suites for lease. Suite 2 provides 1,034 square feet of space. Each suite includes overhead drive-in door access with 10' high bay doors. These spaces are suitable for storage and light manufacturing. Leases include common area maintenance fees. The location off Cedar Street in Mason, at the US 127 interchange, provides connectivity and access to destinations within the Lansing area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Esser Builders II Construction Company USA Construction Construction Company R-Value Insulation Co General Contractor

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Hotel & Motel Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • U-Pack — 841 Kim Dr, Mason, MI 48854
    • Holt - Mason Safe & Secure Storage — 760 Hogsback Rd, Mason, MI 48854

    Location Insight

    • Map
    • Local Demand
    City
    Mason
    County
    Ingham
    State
    Michigan
    Longitude
    -84.469526
    Latitude
    42.594301

    Nearby Similar for Lease

    • $1,700/Mo

      Mason Retail/Commercial Space For Lease

      Versatile 1,200 SF space in high-visibility location, suitable for various uses.
      306 S Cedar Street, Mason, MI 48854
      View Details
    • $20 SF/Yr

      High Visibility Office Space Available

      1000 sq ft office space in high traffic location.
      806 Hogsback Road, Mason, MI 48854
      View Details
    • Contact for pricing

      High Visibility Office Space Available

      1000 sq ft office space ideal for insurance/real estate.
      806 Hogsback Rd Suite B, AlaiedonTownship_Ingham, MI 48854
      View Details
    • Contact for pricing

      High Visibility Office Space Available

      1000 sq ft office space ideal for insurance/real estate.
      806 Hogsback Road, Mason, MI 48854
      View Details
    • $9 SF/Yr

      Spacious Warehouse in Mason, Michigan

      1,584 sq ft warehouse space ideal for storage and distribution.
      4171 Legion Dr, Mason, MI
      View Details
    • Contact for pricing

      Mason Flex/Industrial/Office Space Available

      Flex, industrial, and office spaces for rent in Mason.
      454 North St, Mason, MI 48854
      View Details
    • Contact for pricing

      Retail Space in Mason Plaza

      Retail and service spaces available in high-traffic Cedar Street location.
      558 N Cedar St, Mason, MI 48854
      View Details

    FAQs

    What type of property is this?
    Warehouse - Versatile warehouse suites available with convenient drive-in door access.
    Where is this warehouse located?
    The property is located at 4171 Legion Dr Mason, MI.
    What are key features of this property?
    This property features: Strategically located off Cedar Street in Mason at the US 127 interchange, providing seamless connectivity and easy access to the Lansing area.; Versatile warehouse space with three distinct suites available for lease.; Each suite features overhead drive‑in door access with 10' high bay doors for convenient loading and unloading.
    (517) 321-2800 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Matthew Wisniewski
    Matthew Wisniewski
    Real Estate License ID: MI 6501360426
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4171 Legion Dr, Mason, MI 48854
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!