Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Lansing Industrial Parcels For Sale Title is generated by Realmo AI

    Rickle, Lansing, MI 48917

    View on Map
    Claim this Listing
    For Sale
    $108,900

    LAND - Lansing, MI

    Lot size:
    1.00 Acre
    Added:
    Mar 22, 2021
    Days on Market:
    1879
    Last Refresh:
    May 13 at 8:06 am

    Property Features for Rickle

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    040-046-200-330-00
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Tax Year
    2019
    Tax Description
    LOT 33. DELTA INDUSTRIAL PARK, T4N,R3W, DELTA TWP 1981
    Tax Annual Amount
    1801

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Kenneth Burton
    Kenneth Burton

    Listing agent Kenneth Burton License #6501414220

    Listing office Keller Williams Realty Lansing 3490 Belle Chase Way, Lansing, MI

    Listing date Mar 22, 2021

    MLS# 253886 Listing URL

    Copyright © 2026 Greater Lansing Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Shovel‑ready one‑acre industrial parcels in an established industrial park.
    • Immediate access to major highways for efficient regional and interstate connectivity.
    • Full utility availability, including city sewer and water.
    • Close proximity to General Motors, Tier One automotive suppliers, FedEx, Meijer, and Amazon Distribution Centers.
    • Located near a new battery plant and significant Lansing Board of Water & Light development.
    • Ideal for manufacturing, logistics, warehousing, or supplier‑driven development.

    Overview

    Six one-acre industrial parcels are available within an established industrial park. The sites offer city sewer and water, along with full utility availability. The location provides immediate access to major highways, facilitating regional and interstate connectivity. The parcels benefit from close proximity to General Motors, multiple Tier One automotive suppliers, and major logistics and distribution users including FedEx, Meijer, and Amazon Distribution Centers. The location is further enhanced by its nearby proximity to a new battery plant, significant Lansing Board of Water & Light development, and ongoing future industrial expansion. These shovel-ready sites are ideal for manufacturing, logistics, warehousing, or supplier-driven development, presenting a chance to secure scalable industrial land in one of Mid-Michigan's fastest-growing employment and infrastructure corridors. The property is located in Lansing, MI 48917, Eaton County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Industrial land

    Map

    City
    Lansing
    County
    Eaton
    State
    Michigan
    Longitude
    -84.559451
    Latitude
    42.704331

    Nearby Similar for Sale

    • $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
    • $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
    • $130,000
      1,439 SF

      Versatile Commercial Building in Lansing

      Commercial building suitable for office or professional use with parking.
      4108 S Cedar Street, Lansing, MI 48910
      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
    • $119,999

      Commercial Land Near MSU, McLaren

      0.788 acre commercial land near MSU and McLaren.
      E Mt Hope Avenue, Lansing, MI 48910
      View Details
    • $694,999

      14-Acre Commercial Development Opportunity

      Prime commercial land for multi-use development in Lansing, Michigan.
      600 W Cavanaugh Road, Lansing, MI 48910
      View Details
    • $239,900
      2,148 SF

      Remodeled Office Space in Lansing

      Fully remodeled office with original wood trim, move-in ready.
      2325 S Cedar Street, Lansing, MI 48910
      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
    • $149,000

      Lansing Duplex Investment Opportunity

      Multi-unit property with rental income potential in Lansing, Michigan.
      1006 S Pennsylvania Avenue, Lansing, MI 48912
      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
    • $119,900
      800 SF

      Lansing Commercial Garage with Office

      Garage with office space on a large lot.
      16120 Old U.s. 27, Lansing, MI 48906
      View Details

    FAQs

    What type of property is this?
    Industrial land - Six one-acre industrial parcels in established park with utilities.
    Where is this industrial land located?
    The property is located at Rickle Lansing, MI.
    What is the asking price?
    The asking price for this property is $108,900.
    What are key features of this property?
    This property features: Shovel‑ready one‑acre industrial parcels in an established industrial park.; Immediate access to major highways for efficient regional and interstate connectivity.; Full utility availability, including city sewer and water.
    (517) 242-2000
    We can help!
    Listing Contact
    Kenneth Burton
    Kenneth Burton
    Real Estate License ID: 6501414220
    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
    Rickle, Lansing, MI 48917
    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!