3940 Grand Riv Ave, Lansing, MI 48906-2719
This Lansing, MI warehouse, located at 3940 N Grand River Ave, offers 17,135 square feet of versatile industrial and retail space for $999,000. The property sits on a 1.15-acre lot and boasts a 15-foot ceiling height, perfect for various uses. Currently, the space is multi-tenant, with one tenant occupying 3,720 square feet on a month-to-month lease. A vacant 9,095 square foot warehouse area is also available. The building features two high-door loading docks and three overhead doors, enhancing operational efficiency. Zoned Industrial 1, this property offers excellent access to major transportation arteries, including I-96 and I-69, and is conveniently located near the Capital Regional International Airport. The three connected buildings could be leased separately, providing flexibility for future development or expansion. This property is an excellent opportunity for contractors, builders, equipment owners, or other businesses seeking a strategic location in Lansing. The year built is 1962.
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Johnson's Speed Warehouse Auto Parts Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
MIXED Z · Lansing, MILansing. Always verify with local authorities before improvements.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.