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Property profile & analytics
OFF-MARKET
Land

1506 Grand River Ave Lansing, MI 48906

49,308 SF 2.94 ac lot Built 1941
Property ID
Property summary
AI-generated overview

This exceptional 2.9-acre site, located at 1506 N Grand River Ave in Lansing, Michigan (48906), presents a unique industrial development opportunity. The property, APN 33-01-01-09-177-003, is zoned H - Light Industrial and boasts a total area of 49,308 square feet. Previously developed, the land has been recently razed, making it completely development-ready. Its prime location along the Grand River offers significant advantages for businesses seeking visibility and accessibility. The site is being offered by the Ingham County Land Bank and is designated as a development-ready site through the Michigan Economic Development Corporation (MEDC). This presents a streamlined path to project commencement for qualified developers. The property's history dates back to 1941, offering a blank canvas for modern industrial construction. Interested parties are encouraged to explore the potential of this strategically located parcel and its suitability for a variety of industrial uses. The site's size and zoning make it ideal for a range of projects, from small-scale manufacturing to larger-scale distribution centers. This is a rare opportunity to acquire a fully prepared site in a desirable location, ready for immediate development. The Ingham County Land Bank and MEDC are actively seeking a development partner to bring this valuable asset to its full potential.

Property profile
Verified
Property type Land
Year built 1941
Total area 49,308 SF
Lot 2.94 ac (128,066 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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