1305 Cedar St, Unit 47 Lansing, MI 48910-1520

Property Details for 1305 Cedar St

Year built

1941

Lot size

10.06 lot acres

Property size

6,840 SF

Zone code

I HVY

Property type

Warehouses

APN

33-01-01-21-426-005

APU

33010121426005

Description

This exceptional 464,278 square foot warehouse complex, situated on over 12 acres in Lansing, Michigan's vibrant REO Town District, presents a unique investment opportunity. The property, known as the John Bean Building, boasts four buildings, three stories, and a rich history. Features include five loading docks, four dock-high doors, and a 14'7" ceiling height. Internal ramps provide convenient fork truck access to all three floors, supplementing the 15-ton elevator. On-site rail access directly into the high-bay area adds significant logistical advantages. The property's substantial existing electrical infrastructure opens doors for diverse redevelopment possibilities, including brownfield incentives, indoor storage, residential lofts, or flex commercial uses. Currently housing a large-scale cannabis grow operation on the third floor (available for separate purchase), this property offers immense flexibility. The sale encompasses five parcels: 33-01-01-21-426-005; 33-01-01-21-428-082; 33-01-01-21-426-006; 33-01-01-21-426-009; and 33-01-01-21-427-147. The asking price is $4,500,000, with a land value of $9.68 per square foot. This is a rare chance to acquire a substantial, historically significant industrial property with significant upside potential in a rapidly developing area. The property is zoned IND-1. Built in 1941, this property offers a blend of character and modern adaptability.

Location Insight

City

Lansing

County

Ingham

State

Michigan

Longitude

-84.5439

Latitude

42.7184

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments