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    OFF-MARKET
    Retail properties & Spaces

    2900 St Joseph St, Lansing, MI 48917

    6,144 SF 1.26 ac lot Built 1975
    Property ID
    Property summary
    AI-generated overview

    This 6,144 square foot former auto repair facility presents a unique investment opportunity. Situated on a 1.26-acre lot in Ingham County, the property boasts eight overhead doors/drive-ins, perfect for accommodating numerous vehicles. The building, constructed in 1975, includes multiple automotive hoists and equipment, remaining from its previous use, and a small, finished office area. The ample lot size allows for convenient on-site vehicle storage and potential expansion. Its strategic location on West St. Joseph Highway, just east of Waverly Road, provides easy access to I-496, ensuring high visibility and convenient access for customers and employees. The area is home to a variety of established businesses, including Ferguson Plumbing, R & T Automotive, B & A Car Care, Mechanical Contractors, and IMPCO Microfinishing, creating a strong commercial environment. The property's APN is 33-21-01-18-451-023. The entire building is currently vacant, offering a blank canvas for a new owner to customize and adapt to their specific needs. This property is ideal for an established auto repair business seeking a new location or an entrepreneur looking to establish a presence in a thriving commercial area.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1975
    Total area 6,144 SF
    Lot 1.26 ac (54,886 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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