Property profile

2000 Turner St Lansing, MI 48906

OFF-MARKET
Manufacturing properties
Property ID
US43-1546954
7,376 SF 0.58 ac lot Built 1932
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional 7,376 square foot industrial building presents a rare opportunity in Lansing's desirable Old Town business district. Situated on a 0.58-acre corner lot, this well-maintained property boasts a fully fenced perimeter with gated access, ensuring both security and convenience. The building's versatile layout includes approximately 2,500 square feet of office space, complete with a dedicated conference room and two bathrooms, catering to diverse business needs. The industrial space features impressive specifications, including high ceilings ranging from 11'7" to 13', reinforced industrial floors designed for substantial load-bearing capacity, and ample power and compressed air lines. Multiple overhead doors provide easy access for loading and unloading, streamlining operations. The property's strategic location, combined with its robust infrastructure and substantial square footage, makes it ideally suited for a variety of uses, including manufacturing, storage, or distribution. This is a turnkey solution for businesses seeking a functional and well-equipped space in a thriving area of Lansing. The property's zoning is industrial, allowing for a wide range of potential applications. The combination of office and industrial space makes this a highly versatile and attractive investment opportunity. Don't miss the chance to own this exceptional property.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1932
Total area 7,376 SF
Lot 0.58 ac (25,265 SF)
Zoning code H LT IN
APN 33-01-01-04-458-001
UPID US43-1546954

Cap rate & NOI

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

Location

2000 Turner St Lansing, MI 48906-4053
Lansing metro Census 100 LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

Zoning & alternative use

H LT IN · 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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