Property profile

340 Edgewood Blvd 27 Lansing, MI 48911

OFF-MARKET
Outlet malls
Property ID
US43-1803429
135,318 SF 10.59 ac lot Built 1989
Entity Owned 2-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Department Store
  • Physician
  • Physician

Location

340 Edgewood Blvd, Unit 27 Lansing, MI 48911-5807
Lansing metro Census 5303 LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
Google Maps

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

since 2024
3 recorded transactions
2024
Price N/A
2019
Price N/A
1969
Price N/A

Zoning & alternative use

G-2 WHO · 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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