Current Use by Public Records
- Warehouses
Property Details for 3850 Circle Dr
- Year built
- 1996
- Lot size
- 0.77 lot acres
- Property type
- Warehouses
- Property subtype
- Office Spaces
Description
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lansing
- County
- Ingham
- State
- Michigan
- Longitude
- -84.6115
- Latitude
- 42.6807
