1415 Rensen St, Lansing, MI 48910-3697
This Lansing, MI industrial property presents a compelling owner-user or investment opportunity. The 6,631 square foot building, constructed in 1976, sits on a 0.294-acre lot and features a single story with 13-foot ceilings. The property is zoned IND-1 Suburban Industrial and includes 20 parking spaces. Currently, the building houses three tenants. One 4,631 square foot suite (1,631 square feet of office space and 3,000 square feet of warehouse space) is available for lease at $2,500 per month on a modified gross lease. A 1,000 square foot warehouse unit with a half-bath is currently leased for $700 per month on a modified gross lease. Finally, a 1,000 square foot unit (500 square feet of office and 500 square feet of warehouse) is available for lease at $1,000 per month on a modified gross lease, with availability starting April 1, 2024. The asking price for the entire property is $325,000. This multi-tenant property offers a blend of occupied and available space, making it an attractive option for various investment strategies. The property's location in Lansing, MI, at 1415 Rensen St, 48910, within Ingham County, provides convenient access to local amenities and transportation routes. The property is offered as a gross lease.
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Michigan Ics Inc Hardware & Home Improvement Interior Design
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
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
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.