1325 Jolly Rd Lansing, MI 48910
This exceptional 31,622-square-foot warehouse, situated on a 1.2-acre lot in Lansing, Michigan, presents a compelling investment opportunity. Located at 1325 E Jolly Rd, 48910, this light industrially zoned property boasts a desirable location with high traffic counts—over 14,000 vehicles pass daily—and a dense population base of more than 66,000 residents within a three-mile radius. Built in 1991, the building features a metal roof in excellent condition, a paved and secured site with perimeter fencing, five exterior docks, two drive-ins, two exterior levelers, and one truck well. The property includes a covered racking structure. The asking price is $1,250,000, translating to $42.69 per square foot. Importantly, existing licensing for marijuana grow and processing is in place and included in the sale price. This turnkey operation offers significant potential for immediate revenue generation or further development within a thriving market. The property is currently vacant, allowing for immediate occupancy and customization to suit specific business needs.
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.
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.