Current Use by Public Records
- Warehouses
Property Details for 1325 Jolly Rd
- Year built
- 1991
- Lot size
- 1.20 lot acres
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
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.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lansing
- County
- Ingham
- State
- Michigan
- Longitude
- -84.5335
- Latitude
- 42.6832
