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    Property profile & analytics
    OFF-MARKET Estimated value $4,055,000
    Outlet malls

    340 Edgewood Blvd 27, Lansing, MI 48911-5807

    135,318 SF 10.59 ac lot Built 1989
    Entity Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US43-1803429
    Property summary
    AI-generated overview

    This exceptional 137,454-square-foot industrial warehouse, situated on an expansive 11.59-acre lot (504,860 square feet) in Lansing, Michigan, presents a compelling redevelopment opportunity. Built in 1989, the single-story building boasts a 27-foot ceiling height, providing ample vertical space. Currently, 68,467 square feet is vacant, offering significant flexibility for various uses. The property features eight dock-high doors and four loading docks, ensuring efficient loading and unloading operations. Ample parking is available with 700 spaces. The building benefits from robust power infrastructure, including 3000 amps of 480-volt power, and is fully air-conditioned. The wide column spacing (60'x40') further enhances usability. The property is zoned commercial and is conveniently located in Ingham County, with quick access to I-96 via exit 104 at Cedar Street. The former Sam's Club location is adaptable to various industrial or commercial/retail tenants. Future improvements could include the addition of truckwells and overhead doors to further enhance functionality. This property offers a unique chance to acquire a substantial warehouse in a strategic location with significant potential for growth and adaptation. The property's address is 340 E Edgewood Blvd, Lansing, MI 48911.

    Property profile
    Verified
    Property type Outlet malls
    Use group WHOLESALE OUTLET, DISCOUNT STORE
    Year built 1989
    Total area 135,318 SF
    Lot 10.59 ac (461,300 SF)
    Zoning code G-2 WHO
    APN 33-01-05-09-403-014
    UPID US43-1803429
    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
    • Stock and Field of Lansing Department Store
    • higi Physician
    • Dr. David Whitney Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $5.33M
    Blend (final) Blend
    $4.06M
    Owner & transaction history
    340 Edgewood LLC · 2 yrs held
    340 Edgewood LLC
    since 2024
    3 recorded transactions
    2024
    2019
    1969
    Zoning & alternative use
    G-2 WHO · Lansing, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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