3850 Circle Dr Lansing, MI 48911
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.