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    1506 Grand River Ave Lansing, MI 48906

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    For Sale
    Contact for pricing

    2.9-Acre Lansing Development Land

    Property size:
    49,308 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2.9-acre site, located at 1506 N Grand River Ave in Lansing, Michigan (48906), presents a unique industrial development opportunity. The property, APN 33-01-01-09-177-003, is zoned H - Light Industrial and boasts a total area of 49,308 square feet. Previously developed, the land has been recently razed, making it completely development-ready. Its prime location along the Grand River offers significant advantages for businesses seeking visibility and accessibility. The site is being offered by the Ingham County Land Bank and is designated as a development-ready site through the Michigan Economic Development Corporation (MEDC). This presents a streamlined path to project commencement for qualified developers. The property's history dates back to 1941, offering a blank canvas for modern industrial construction. Interested parties are encouraged to explore the potential of this strategically located parcel and its suitability for a variety of industrial uses. The site's size and zoning make it ideal for a range of projects, from small-scale manufacturing to larger-scale distribution centers. This is a rare opportunity to acquire a fully prepared site in a desirable location, ready for immediate development. The Ingham County Land Bank and MEDC are actively seeking a development partner to bring this valuable asset to its full potential.

    Property Features for 1506 Grand River Ave

    General Information

    Property type
    Land
    Square Feet
    49,308 SF
    Lot Size
    128,066 SF

    Building Details

    Year Built
    1941

    HighLights

    • 2.9‑acre development‑ready site in Lansing, MI, offered by the Ingham County Land Bank.
    • MEDC‑designated development‑ready site, streamlining project commencement.
    • Unique industrial opportunity along the Grand River, seeking a development partner.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.5544225
    Latitude
    42.7509301

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    FAQs

    What type of property is this?
    Land - 2.9-Acre Lansing Development Land
    Where is this land located?
    The property is located at 1506 Grand River Ave Lansing, MI.
    What are key features of this property?
    This property features: 2.9-acre development-ready site in Lansing, MI, offered by the Ingham County Land Bank.; MEDC-designated development-ready site, streamlining project commencement.; Unique industrial opportunity along the Grand River, seeking a development partner.
    Request Owner's contact information
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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
    1506 Grand River Ave Lansing, MI 48906
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