3850 Circle Dr Lansing, MI 48911
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.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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