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    2900 St Joe Hwy Lansing, MI 48917

    For Sale
    $425,000

    Vacant auto repair shop, 6,144 SF, 1.2 acres.

    Property size:
    6,144 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This vacant 6,144 square foot auto repair facility presents a compelling investment opportunity in Lansing, Michigan. Located at 2900 W St Joe Hwy, this property boasts eight overhead doors/drive-ins, multiple automotive hoists and equipment, and a small finished office area. Situated on a spacious 1.269-acre lot, ample space is available for vehicle storage and maneuvering. The property's strategic location on busy W. St. Joseph Highway, just east of Waverly Road, provides convenient access to I-496, ensuring high visibility and accessibility. The area is home to a variety of established businesses, including Ferguson Plumbing, R & T Automotive, B & A Car Care, Mechanical Contractors, and IMPCO Microfinishing, creating a strong commercial environment. Built in 1975, the building is zoned G and features one building on the property. The property is offered at an asking price of $425,000 with a NNN lease type and is currently vacant. The APN is 33-21-01-18-451-023. This property is ideal for an established auto repair business or a related commercial venture seeking a well-located and equipped facility.

    Property Features for 2900 St Joe Hwy

    General Information

    Property type
    Automotive properties
    Square Feet
    6,144 SF
    Lot Size
    55,278 SF

    Building Details

    Year Built
    1975
    Buildings
    1

    HighLights

    • $425,000 asking price for a vacant 6,144 SF retail auto shop.
    • NNN lease type.
    • Located on 1.269 acres in Lansing, MI at 2900 W St Joe Hwy, 48917.
    • Features eight overhead doors/drive‑ins, multiple automotive hoists, and a small office.
    • Built in 1975, with G zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -84.589029073745
    Latitude
    42.726642326593

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    FAQs

    What type of property is this?
    Automotive property - Vacant auto repair shop, 6,144 SF, 1.2 acres.
    Where is this automotive property located?
    The property is located at 2900 St Joe Hwy Lansing, MI.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: $425,000 asking price for a vacant 6,144 SF retail auto shop.; NNN lease type.; Located on 1.269 acres in Lansing, MI at 2900 W St Joe Hwy, 48917.
    (517) 679-8633
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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
    2900 St Joe Hwy Lansing, MI 48917
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