Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Cannabis Cultivation & Processing Facility Title is generated by Realmo AI

    515 N Larch St, Lansing, MI 48912

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Zoned DT-2 Urban Flex, offering dedicated cultivation rooms, office space, and secure gated parking for operations.

    Type:Industrial
    Property size:
    19,064 SF
    Price / SF:
    $0.00/SF
    Added:
    Jan 23, 2026
    Days on Market:
    133
    Last Refresh:
    Jun 5 at 2:17 am

    Property Features for 515 N Larch St

    General Information

    Standard status
    Active
    Size
    19,064 SF
    Property subtype
    Industrial

    We can help!

    Listing Contact
    Harry Barash

    Listing agent Harry Barash

    Listing office C3 CRE, LLC

    Listing date Jan 23, 2026

    Source Cpix.resimplifi

    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

    • DT‑2 Urban Flex zoning suitable for cannabis cultivation/processing or traditional industrial/retail users
    • Cultivation facility includes three flower rooms, mother/clone, vegetation, drying, fertigation, trim, vault, delivery area, office, and multiple work/storage rooms
    • Cultivation includes separate male and female restrooms for the operating facility
    • Secure, gated parking lot with 34 parking spaces
    • Retailer space with high‑end furnishings and an open concept layout
    • Property is 1 mile from I‑496 freeway

    Overview

    Former operating cannabis Retailer & Cultivation/Processing facility available for lease or sale, with the real estate and license not included. The property includes separately leasable/salable facilities that do not need to be completed with the same operator, and a flex space that can be leased only with either facility. The flex space may be used for processing, retail, or cultivation, but new operators must apply for their own license(s) for each facility.

    The cultivation facility is built out with three flower rooms, a mother/clone room, vegetation room, drying room, fertigation room, trim room, vault, delivery area, office, storage room, and work room, plus separate male and female restrooms. The building also features an attractive, secure, gated parking lot with thirty-four parking spaces. The property is located at 515 N Larch St, Lansing, MI 48912, approximately one mile from I-496 freeway, within a highly populated market with many national tenants operating nearby.

    The site is zoned DT-2 Urban Flex and can also be suitable for traditional industrial and retail users. For cannabis operators, the interior improvements support cultivation and processing functions, while the gated parking and dedicated rooms can help support day-to-day operations pending licensing.
    Location Intelligence

    Current Use by Public Records

    Pure Roots (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Law Firm Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Eaton
    State
    Michigan
    Longitude
    -84.545188
    Latitude
    42.738878

    Nearby Similar for Sale

    • $950,000
      4,054 SF

      Freestanding Retail Building with Drive-Thru

      Freestanding retail building with added drive-thru infrastructure on a highly visible commercial corridor in Lansing.
      223 N Clippert Street, Lansing, MI 48912
      View Details
    • $1,200,000
      4,258 SF

      Freestanding Bank Building with Drive-Thru

      Freestanding building with drive-thru infrastructure on a major commercial corridor, ideal for office, medical, retail, or service uses.
      5510 W Saginaw Highway, Lansing, MI 48917
      View Details
    • $490,000
      12,440 SF

      Move-in Ready Lansing Church Facility

      12,440 sq ft church with sanctuary, classrooms, and parking.
      1819 W Willow Street, Lansing, MI 48915
      View Details
    • $130,000
      1,439 SF

      Professional Office Building with Parking

      Commercially zoned office-ready building with multiple private offices, lobby, kitchen, and dedicated front parking.
      4108 S Cedar Street, Lansing, MI 48910
      View Details
    • $199,900
      2,070 SF

      Downtown Lansing Commercial Building

      Well-maintained commercial building in revitalizing downtown Lansing.
      500 Erie Street, Lansing, MI 48912
      View Details
    • $339,900
      4,631 SF

      Remodeled Firehouse with Living Units

      Historic firehouse converted to office and residential units.
      230 Bingham Street, Lansing, MI 48912
      View Details
    • $279,000
      2,500 SF

      Lansing Commercial Income Property

      Two-unit commercial property with high traffic location in Lansing, MI.
      3318-3320 S Cedar St, Lansing, MI 48910
      View Details
    • $594,000
      14,388 SF

      Creative Industrial Headquarters in REO Town

      14,388 sq ft building with historical soul and future potential.
      1023 S. Washington Ave, Lansing, MI 48910
      View Details
    • $285,000
      2,727 SF

      Mixed-Use Building in Old Town

      Historic mixed-use property with office and residential units.
      1031 N Washington Avenue, Lansing, MI 48906
      View Details
    • $1,950,000
      10,200 SF

      Corporate Headquarters Near Airport

      Two-story office headquarters with hangar, near Capital Region Airport.
      3900 Capital City Boulevard, Lansing, MI 48906
      View Details
    • $275,000
      1,560 SF

      Two Homes on One Lot

      Two homes on one lot, investment or multi-generational living.
      215 Winifred Avenue, Lansing, MI 48917
      View Details
    • $299,000
      1,380 SF

      Lansing Retail Banking Facility

      Freestanding 1,380 SF building on 0.87 acres for sale.
      5101 N Grand River Avenue, Lansing, MI 48906
      View Details

    FAQs

    What type of property is this?
    Cannabis property - Zoned DT-2 Urban Flex, offering dedicated cultivation rooms, office space, and secure gated parking for operations.
    Where is this cannabis property located?
    The property is located at 515 N Larch St Lansing, MI.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: DT‑2 Urban Flex zoning suitable for cannabis cultivation/processing or traditional industrial/retail users; Cultivation facility includes three flower rooms, mother/clone, vegetation, drying, fertigation, trim, vault, delivery area, office, and multiple work/storage rooms; Cultivation includes separate male and female restrooms for the operating facility
    (248) 353-0500
    We can help!
    Listing Contact
    Harry Barash
    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
    515 N Larch St, Lansing, MI 48912
    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!