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    OFF-MARKET
    Retail space

    3940 Grand Riv Ave, Lansing, MI 48906-2719

    3,720 SF 1.15 ac lot Built 1962
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US43-1486929
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1962
    Total area 3,720 SF
    Lot 1.15 ac (50,094 SF)
    Zoning code MIXED Z
    APN 33-01-01-06-226-015
    UPID US43-1486929
    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
    • Johnson's Speed Warehouse Auto Parts Store
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    3940 N GRAND RIVER LLC
    3940 N GRAND RIVER LLC
    Zoning & alternative use
    MIXED Z · Lansing, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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