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    OFF-MARKET
    Auto shops

    1425 Rensen St 4, Lansing, MI 48910-3657

    7,280 SF 0.49 ac lot Built 1977
    Entity Owned 1-yr Hold Free & Clear
    Property ID
    US43-1247973
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Nationwide Ignition Interlock Building Supply General Contractor
    • P.J.'s Towing Auto Repair Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    K & B Capital LLC · 1 yrs held
    K & B Capital LLC
    since 2024
    Last sale
    $200,000
    3 recorded transactions
    2024
    $200,000
    2024
    $250,000
    2008
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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