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    3850 Circle Dr Lansing, MI 48911

    Sponsored
    For Sale
    $400,000

    Industrial warehouse, office space, fenced storage.

    Property size:
    8,360 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This Lansing, MI industrial property offers a unique investment opportunity. Priced at $400,000, this 8,360 square foot property includes a 5,760 square foot hangar/warehouse and a 2,600 square foot office building. The warehouse features 15'9" ceilings, two dock-high doors, and a 14' x 12' grade-level door. The office space boasts heating and air conditioning, multiple offices, a conference room, kitchenette, reception area, and two restrooms. The property also includes a fenced-in outdoor storage area. Built in 1996 (warehouse built in 1968, office in 1966), the property sits on a 0.77-acre lot and is zoned H-Light Industrial. The sale includes the leasehold estate with Capital Region Airport Authority (CRAA). The property is currently vacant and is ideally suited for aviation-related uses. The annual lease payment is approximately $9,435. This property presents a compelling opportunity for investors seeking a versatile industrial space with significant potential. The property is located at 3850 Circle Drive, Lansing, MI 48911.

    Property Features for 3850 Circle Dr

    General Information

    Property type
    Distribution properties
    Square Feet
    8,360 SF
    Class
    B
    Lot Size
    33,541 SF

    Building Details

    Year Built
    1996
    Buildings
    2
    Stories
    1
    Units
    1

    HighLights

    • $400,000 asking price for an 8,360 square foot industrial property.
    • Vacant, 8,360 square foot warehouse with 2,600 square feet of office space.
    • Features 5,760 SF hangar/warehouse and secure fenced outdoor storage.
    • Includes leasehold estate with capital improvements; located at Capital Region Airport Authority (CRAA).
    • Situated on a 0.77‑acre lot with H‑Light Industrial zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.611468
    Latitude
    42.6807213

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    FAQs

    What type of property is this?
    Distribution property - Industrial warehouse, office space, fenced storage.
    Where is this distribution property located?
    The property is located at 3850 Circle Dr Lansing, MI.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: $400,000 asking price for an 8,360 square foot industrial property.; Vacant, 8,360 square foot warehouse with 2,600 square feet of office space.; Features 5,760 SF hangar/warehouse and secure fenced outdoor storage.
    Request Owner's contact information
    3850 Circle Dr 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
    3850 Circle Dr Lansing, MI 48911
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