4600 N Grand River Avenue, Lansing, MI 48906
Partial turnkey cultivation facility with fertigation, HVAC, and epoxy flooring, plus area set aside for future processing.
- Added:
- Nov 25, 2025
- Days on Market:
- 214
- Last Refresh:
- Jun 20 at 8:46 am
Property Features for 4600 N Grand River Avenue
General Information
- Standard status
- Active
- Size
- 8,040 SF
- Property subtype
- Business for Sale, Land, Mixed Use, Industrial
Building Details
- Year Built
- 1996
Listing office C3 CRE, LLC (248) 220-1110
Listing date Nov 25, 2025
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 C3 CRE, LLC
HighLights
- Partial turnkey cannabis cultivation facility (1996) with fertigation system distributed throughout the facility
- Rhythm batch tank fertigation system plus insulated cooler doors, new electrical service, and dehumidification systems
- Fully distributed HVAC with epoxy flooring installed throughout the cultivation area
- All underground plumbing is complete
- About 1,500 SF designated for future cannabis processing space
- Direct access to I‑96, located in Lansing at the center of Michigan’s lower peninsula
Overview
The property is positioned in Lansing at the center of Michigan’s lower peninsula, with direct access to the I-96 freeway.
In addition to the cultivation buildout, there is approximately 1,500 SF designated for future cannabis processing space. Prospective operators should factor in the licensing process and renewal requirements, along with the facility’s installed environmental controls and fertigation infrastructure when evaluating fit for cultivation-focused operations.
Local 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 | $82.0k | $10.20 |
| − Vacancy | −$7.4k | −$0.92 |
| EGI | $74.6k | $9.28 |
| − OpEx | −$22.4k | −$2.78 |
| NOI | $52.2k | $6.50 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lansing
- County
- Eaton
- State
- Michigan
- Longitude
- -84.592432
- Latitude
- 42.767305
