Property summary
This exceptional 8,948 square foot flex/warehouse property, situated on a 1.022-acre lot in desirable Ingham County, presents a unique investment opportunity. Located on the Lansing River Trail & Grand River, with convenient access off Cedar Street and Hazel Street near downtown Lansing, MI, this Class B building offers a prime location for various businesses. Built in 1954 and renovated in 2005, the single-story structure boasts a 14-foot ceiling height and 300 feet of frontage. The property features three suites, with a minimum divisible space of 3,200 square feet and a maximum contiguous space of 4,940 square feet. Ample parking is provided with 46 total spaces. Currently configured as half office and half warehouse, the layout is adaptable to suit diverse needs, offering potential for expansion. The I HVY zoning allows for a wide range of uses. The seller is open to various transaction structures, including lease, lease-to-own, or outright sale, making this an attractive option for owner-occupied businesses. The property's two separate parking lots further enhance its appeal. APN: 33-01-01-21-228-003.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
I HVY · Lansing, MIZoning
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Zoning designation
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The district profile from the municipal source: what is on file for I HVY in Lansing, MI.
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