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    Property profile & analytics
    OFF-MARKET Estimated value $4,400,000
    Outlet malls

    3131 Michigan Ave, Lansing, MI 48912-4618

    154,644 SF 14.48 ac lot Built 1953
    Entity Owned 18-yr Hold ~ Est. High Equity
    Property ID
    US43-1325598
    Property summary
    AI-generated overview

    This exceptional 80,000-square-foot industrial property, located at 3131 E Michigan Ave in Lansing, Michigan, presents a significant opportunity for businesses seeking a large-scale warehouse or flex space. The single-tenant building boasts a substantial 80,000 square feet of vacant space, ready for immediate occupancy. The high ceilings, measuring 17 feet, provide ample vertical clearance for storage and operations. Four loading docks ensure efficient loading and unloading of goods, streamlining logistical processes. The property's classification as both warehouse and flex space offers considerable versatility, accommodating a wide range of industrial and commercial uses. Situated in Ingham County, with a convenient Lansing address and zip code 48912, this location offers excellent access to transportation networks and a skilled workforce. The property is currently entirely vacant, providing a blank canvas for a new tenant to customize the space to their specific needs. This is a rare opportunity to secure a substantial, well-equipped industrial space in a prime Lansing location. The property's size and features make it suitable for a variety of businesses seeking significant warehouse or flex space in the Lansing area.

    Property profile
    Verified
    Property type Outlet malls
    Use group WHOLESALE OUTLET, DISCOUNT STORE
    Year built 1953
    Total area 154,644 SF
    Lot 14.48 ac (630,749 SF)
    Zoning code F COMM
    APN 33-01-01-14-226-021
    UPID US43-1325598
    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
    • Starlight Dinner Theatre Restaurant Theater & Performing Art Venue
    • Sparrow Laboratories Drive Thru Services (formerly Sears Auto Center) Medical Laboratory
    • Sears Appliance Repair Home Appliance Store
    • Drive Thru Lab Services | University of Michigan Health-Sparrow Medical Laboratory
    • Waverly East Intermediate School High School
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $5.81M
    Blend (final) Blend
    $4.40M
    Owner & transaction history
    4th Street South II LLC · 18 yrs held
    4th Street South II LLC
    since 2008
    2 recorded transactions
    2008
    1969
    Zoning & alternative use
    F COMM · Lansing, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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