1121 Riv St Lansing, MI 48912-1031
- Distribution centers
- 36,484 SF
- 1.40 lot acres
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
-
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