Current Use by Public Records
- Warehouses
Property Details for 3850 Circle Dr
- Property type
- Warehouses
- Property subtype
- Office Spaces
Description
This exceptional 8,360-square-foot property at 3850 Circle Drive in Lansing, Michigan, presents a unique investment opportunity. The building is zoned H-Light Industrial and features a blend of executive office space and warehouse facilities, making it ideal for a variety of uses. Currently entirely vacant, the property offers immediate occupancy. A significant advantage is the inclusion of a substantial fenced-in outside storage area, providing ample space for equipment or materials. The 0.77-acre lot provides ample room for expansion or additional development. The sale includes a leasehold estate with the Capital Region Airport Authority (CRAA), with an annual lease payment of approximately $9,435, or roughly $786 per month. While the seller is seeking an aviation-related use for a lease or purchase, other uses may be considered. The long-term ground lease with the CRAA may require extension depending on the intended use. This property is located in Lansing, MI, 48911, and offers a compelling combination of office, warehouse, and outdoor storage space, making it an attractive option for businesses seeking a versatile and strategically located facility. The property's size and location near the Capital Region Airport Authority present significant potential for growth and development. Serious inquiries are encouraged.
Value Estimations
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lansing
- County
- Ingham
- State
- Michigan
- Longitude
- -84.5746
- Latitude
- 42.7842
