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    OFF-MARKET
    Auto shops

    409 Lentz Ct, Lansing, MI 48917-3702

    7,046 SF 0.35 ac lot Built 1972
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US43-1461639
    Property summary
    AI-generated overview

    Exceptional investment opportunity: a 7,046-square-foot freestanding industrial warehouse in Lansing, Michigan, listed at $475,000 ($67.41/sq ft). This vacant property, built in 1972, sits on a 0.35-acre lot and is zoned for General Business use. The building boasts steel pole barn construction, featuring a spacious warehouse area with approximately 1,700 square feet of finished office space. Warehouse highlights include 14-foot ceiling clearance, two 12'H x 8'W electric overhead doors, one pedestrian door, 3-phase power, radiant heat, floor drains, and concrete floors. The office area offers a customer entrance, natural light, a reception desk, waiting area, six private offices, two restrooms, a separate furnace, and two entrances to the warehouse. A security system is in place. The property enjoys convenient access to major highways including I-496, I-96/I-69, and US-127. This property presents a strong potential for various industrial or commercial uses. The single unit is currently vacant, providing immediate occupancy for the new owner.

    Property profile
    Verified
    Property type Auto shops
    Use group AUTO REPAIR, GARAGE
    Year built 1972
    Total area 7,046 SF
    Lot 0.35 ac (15,159 SF)
    Zoning code G GENER
    APN 33-21-01-18-451-001
    UPID US43-1461639
    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
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Vpl Properties LLC · 1 yrs held
    Vpl Properties LLC
    since 2024
    Last sale
    $407,500
    4 recorded transactions
    2024
    $407,500
    2019
    2018
    1969
    Zoning & alternative use
    G GENER · Lansing, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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