1415 Rensen St Lansing, MI 48910-3697
- Distribution centers
- 6,631 SF
- 0.29 lot acres
Jul 15, 2025
Current Use by Public Records
- Michigan Ics Inc / Dry Wall Contractor
Property Details for 1415 Rensen St
- Year built
- 1976
- Lot size
- 0.29 lot acres
- Property size
- 6,631 SF
- Property type
- Distribution centers
- APN
- 33-01-01-34-453-002
- APU
- 33010134453002
Description
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.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $210,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $207,000
- AI Estimate
- $145,000
Market price range: $208k - $656kMarket price range: $146k - $472k
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Location Insight
- Map
- Local Demand
- City
- Lansing
- County
- Ingham
- State
- Michigan
- Longitude
- -84.5323
- Latitude
- 42.6854
- CBSA code
- 29620
- CBSA name
- LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA