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    340 Edgewood Blvd Lansing, MI 48911

    Sponsored
    For Lease
    $6 SF/Yr

    137,454 SF Warehouse, Redevelopment Opportunity

    Lot size:
    137,454 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 137,454-square-foot industrial warehouse, situated on an expansive 11.59-acre lot (504,860 square feet) in Lansing, Michigan, presents a compelling redevelopment opportunity. Built in 1989, the single-story building boasts a 27-foot ceiling height, providing ample vertical space. Currently, 68,467 square feet is vacant, offering significant flexibility for various uses. The property features eight dock-high doors and four loading docks, ensuring efficient loading and unloading operations. Ample parking is available with 700 spaces. The building benefits from robust power infrastructure, including 3000 amps of 480-volt power, and is fully air-conditioned. The wide column spacing (60'x40') further enhances usability. The property is zoned commercial and is conveniently located in Ingham County, with quick access to I-96 via exit 104 at Cedar Street. The former Sam's Club location is adaptable to various industrial or commercial/retail tenants. Future improvements could include the addition of truckwells and overhead doors to further enhance functionality. This property offers a unique chance to acquire a substantial warehouse in a strategic location with significant potential for growth and adaptation. The property's address is 340 E Edgewood Blvd, Lansing, MI 48911.

    Property Features for 340 Edgewood Blvd

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    137,454 SF
    Total Rate
    79608.78

    Building Details

    Year Built
    1989
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space
    Size
    68,467 SF
    Rate per SF
    $6

    HighLights

    • 20,000 - 68,467 square feet of available space.
    • 2,000 square feet of office space.
    • 27‑foot clear height.
    • Eight dock‑high doors and four grade‑level doors.
    • Commercially zoned.
    • Former Sam's Club location, redeveloped for multiple tenants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Stock and Field of Lansing Department Store higi Health Consultant Dr. David Whitney Optometrist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.5470072
    Latitude
    42.6622463

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    FAQs

    What type of property is this?
    Distribution property - 137,454 SF Warehouse, Redevelopment Opportunity
    Where is this distribution property located?
    The property is located at 340 Edgewood Blvd Lansing, MI.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: 20,000 - 68,467 square feet of available space.; 2,000 square feet of office space.; 27-foot clear height.
    Request Owner's contact information
    340 Edgewood Blvd Lansing, MI 48911
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    Lansing, MI 48911
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    Realmo Value Estimation

    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.

    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.

    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
    340 Edgewood Blvd Lansing, MI 48911
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