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    OFF-MARKET
    Auto shops

    300 Hosmer St, Lansing, MI 48912-1338

    4,752 SF 0.12 ac lot Built 1954
    Entity Owned 5-yr Hold Free & Clear
    Property ID
    US43-1114330
    Property summary
    AI-generated overview

    This exceptional industrial property, located at 300-304 S. Hosmer St, Lansing, MI 48912, offers 4,725 square feet of warehouse space across two suites, currently fully vacant. The single-story building, constructed in 1954, sits on a 0.12-acre lot and is zoned for Light Industrial use. The property features attractive 12-foot clear ceilings, providing ample vertical space for storage or operations. Access is convenient with two drive-in overhead doors, each measuring 10x9 feet. Electrical service is provided by a 240A/120V single-phase system. The property's location is further enhanced by its proximity to Prospect Street. The Ingham County location and Light Industrial zoning offer significant flexibility, including conditional permitting for marijuana processing. This presents a unique opportunity for businesses seeking versatile warehouse space in a prime Lansing location. The property's address is officially listed as 300 S Hosmer St, and its APN is 33-01-01-15-309-132. The potential for a duplex setup adds to the property's appeal. This is a rare opportunity to acquire a well-situated warehouse with significant potential.

    Property profile
    Verified
    Property type Auto shops
    Use group AUTO REPAIR, GARAGE
    Year built 1954
    Total area 4,752 SF
    Lot 0.12 ac (5,184 SF)
    Zoning code H LT IN
    APN 33-01-01-15-309-132
    UPID US43-1114330
    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
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Owner & transaction history
    Falconbridge Holdings I LLC · 5 yrs held
    Falconbridge Holdings I LLC
    since 2021
    Last sale
    $230,000
    3 recorded transactions
    2021
    $230,000
    2016
    $74,000
    2011
    Zoning & alternative use
    H LT IN · Lansing, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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