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Property profile & analytics

1121 Riv St Lansing, MI 48912-1031

  • Distribution centers
  • 36,484 SF
  • 1.40 lot acres
OFF-MARKET
Value Estimation
$750,000
Last Sale
Jan 22, 2024
$766,000
Location Intelligence
Property ID
US43-0307771
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Distribution centers

Property Details for 1121 Riv St

Year built
1949
Lot size
1.40 lot acres
Property size
36,484 SF
Zone code
I HVY
Property type
Distribution centers
APN
33-01-01-21-279-041
APU
33010121279041

Description

This expansive industrial property, located at 1121 River St, Lansing, MI 48912, offers 42,000 square feet of versatile space. The building, constructed in 1949, features a two-story design with a significant 35,000 square foot warehouse area boasting 20-foot ceilings. The warehouse is complemented by 7,000 square feet of office space, ideal for administrative functions or tenant expansion. Loading and unloading are efficient with two loading docks and five drive-in bays. Ample parking is available with 50 surface-level spaces. The property sits on a 1.4-acre lot and is zoned I. The building benefits from a recently installed 3-phase electrical service, ensuring reliable power for various industrial operations. Its strategic location is a key advantage, situated a quarter-mile south of I-496, providing easy access to major highways and efficient transportation links. Furthermore, its proximity to Cedar Street, a main north-south artery connecting Lansing's central business district, enhances its accessibility. Importantly, this property holds a City of Lansing Class-C Cannabis Cultivation and Processing license. The APN is 33-01-01-21-279-041. This presents a unique opportunity for businesses seeking a well-equipped, strategically located industrial space with existing cannabis cultivation and processing capabilities.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $765,000
  • CAP approach

    CAP return
    Estimation
    6%
    $650,000
    6.5%
    $690,000
    7%
    $765,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $615,000
    Geo Method
    $680,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $725,000
    Retail
    $665,000
    Mixed-Use
    $825,000
    Hospitality
    $705,000
    Educational
    $845,000
    Residential Income
    $735,000
    Energy
    $765,000
    Income-Based Land
    $675,000
    Food Service
    $835,000

Location Insight

  • Map
  • Local Demand
City
Lansing
County
Ingham
State
Michigan
Longitude
-84.5465
Latitude
42.7209
CBSA code
29620
CBSA name
LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$30,364
$43,700
$604,000
$647,700
-
$87,400
$1,208,000
$1,295,400
More about this property
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