Property profile

1475 Lk Lansing Rd Lansing, MI 48912

OFF-MARKET
Retail space
Property ID
US43-1947541
39,592 SF 3.73 ac lot Built 1972
Entity Owned 16-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional single-tenant warehouse property, located at 1475 Lake Lansing Rd in Lansing, Michigan, offers 33,000 square feet of readily available space. Situated on a 3.73-acre lot in the Eastwood Towne Center submarket, this building boasts a prime location with excellent visibility and high traffic counts due to its frontage on Lake Lansing Road and proximity to the US-127 expressway. The property features a 25-foot clear span height, making it ideal for various warehouse operations. Recent improvements include a new roof and exterior. The interior includes several offices, a lobby, ample storage areas, and is fully equipped with a sprinkler system. The space is climate-controlled with heat and air conditioning, and includes one overhead door. Convenient surface parking is readily available for employees and customers. The total building size is 44,250 square feet, with the Ingham County parcel number being 33-21-01-03-401-017. The zoning is G. This property presents a unique opportunity for businesses seeking a well-maintained, strategically located warehouse in a thriving commercial area. The building's features, combined with its convenient location and ample parking, make it an attractive option for a variety of commercial uses. This is a rare opportunity to lease a high-quality warehouse space in a desirable Lansing location.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1972
Total area 39,592 SF
Lot 3.73 ac (162,479 SF)
Zoning code G GENER
APN 33-21-01-03-401-017
UPID US43-1947541

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
  • Arcade & Gaming Center
  • Wellness Program
  • Financial Advisor
  • Furniture & Home Goods Home Decor Store
  • Financial Advisor

Location

1475 Lk Lansing Rd Lansing, MI 48912-3738
Lansing metro Census 100 LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.76M
Blend (final) Blend
$705k

Owner & transaction history

since 2009
1 recorded transaction
2009
Price N/A

Zoning & alternative use

G GENER · Lansing, MI

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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