2900 St Joe Hwy, Lansing, MI 48917
This vacant 6,144 square foot auto repair facility presents a compelling investment opportunity in Lansing, Michigan. Located at 2900 W St Joe Hwy, this property boasts eight overhead doors/drive-ins, multiple automotive hoists and equipment, and a small finished office area. Situated on a spacious 1.269-acre lot, ample space is available for vehicle storage and maneuvering. The property's strategic location on busy W. St. Joseph Highway, just east of Waverly Road, provides convenient access to I-496, ensuring high visibility and accessibility. 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. Built in 1975, the building is zoned G and features one building on the property. The property is offered at an asking price of $425,000 with a NNN lease type and is currently vacant. The APN is 33-21-01-18-451-023. This property is ideal for an established auto repair business or a related commercial venture seeking a well-located and equipped facility.
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.
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Risks
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