Property profile

1425 Rensen St 4 Lansing, MI 48910

OFF-MARKET
Auto shops
Property ID
US43-1247973
7,280 SF 0.49 ac lot Built 1977
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This 7,280 square foot industrial warehouse, located at 1425 Rensen St, Lansing, MI 48910, is situated on a 0.49-acre lot and is zoned for heavy industrial use. Built in 1977, this single-story building offers six loading docks and ceiling heights ranging from 10 to 14 feet, accommodating various commercial or manufacturing operations. The property features eight overhead doors, allowing for flexible access, including full semi-trailer access in the 80-foot deep bay and drive-through entry. A fenced outdoor storage lot provides additional space, accessible via interior overhead doors and a lot gate. Interior features include a reception area with a counter, a private office, storage space, closets, and two restrooms. Heating is provided by forced-air heat in the warehouse and mini-splits in the office area. The property is part of a condominium association, managing lawn care, snow removal, common area upkeep, and parking surfaces. Conveniently located near CATA, north of Jolly Rd, with easy access to I-96 and I-496, this vacant property presents a prime opportunity for businesses seeking a versatile and accessible industrial facility. The property includes one unit and has a parcel number of 01-01-34-453-004. The asking price is $550,000.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1977
Total area 7,280 SF
Lot 0.49 ac (21,388 SF)
APN 33-01-01-34-453-004
UPID US43-1247973

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Building Supply General Contractor
  • Auto Repair Shop

Location

1425 Rensen St, Unit 4 Lansing, MI 48910-3657
Lansing metro Census 2800 LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2024
Last sale
$200,000
3 recorded transactions
2024
$200,000
2024
$250,000
2008
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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