Property profile

419 Spg St Lansing, MI 48912

OFF-MARKET
Warehouses
Property ID
US43-1440329
4,865 SF 1.02 ac lot Built 1954
Entity Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

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

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1954
Total area 4,865 SF
Lot 1.02 ac (44,431 SF)
Zoning code I HVY
APN 33-01-01-21-228-003
UPID US43-1440329

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

419 Spg St Lansing, MI 48912-1035
Lansing metro Census 6600 LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2026
4 recorded transactions
2026
$250,000
2016
Price N/A
2012
Price N/A
2004
Price N/A

Zoning & alternative use

I HVY · 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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