1506 Grand River Ave Lansing, MI 48906
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.
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
Similar Nearby for Sale
Similar Nearby for Lease
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.