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    OFF-MARKET Estimated value $1,315,000
    Retail space

    1475 Lk Lansing Rd, Lansing, MI 48912-3738

    39,592 SF 3.73 ac lot Built 1972
    Entity Owned 16-yr Hold Free & Clear
    Property ID
    US43-1947541
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Jumpin' Jax Bounce Arena Arcade & Gaming Center
    • Lansing Hoops Wellness Program
    • Kevin Miller Financial Services Financial Advisor
    • American Freight Furniture, Mattress, Appliance Furniture & Home Goods Home Decor Store
    • Further Lane Financial Advisor
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.76M
    Blend (final) Blend
    $1.32M
    Owner & transaction history
    Court 1 Medical Prof Ctr LLC · 16 yrs held
    Court 1 Medical Prof Ctr LLC
    since 2009
    1 recorded transaction
    2009
    Zoning & alternative use
    G GENER · Lansing, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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