4700 Grand Riv Ave Lansing, MI 48906-2536
This exceptional 13,822-square-foot industrial property, located at 4700 N Grand River Ave in Lansing, Michigan, presents a compelling value-add investment opportunity. The single-story, 2004-built building sits on a 2.58-acre lot, offering significant potential for expansion and ample outdoor storage. Currently vacant with an occupancy date of May 1, 2024, this property is zoned for mixed use. The building features a ceiling height ranging from 13 to 16 feet and boasts substantial electrical capacity, including 240V 3-phase power panels with 225 amp and 400 amp service. The building is fully fire suppressed and offers a wide-open floor plan, ideal for various industrial uses including distribution and manufacturing. The asking price is $750,000, translating to $54.26 per square foot. This NNN-lease property is being offered for sale by owner and presents a unique chance to acquire a well-located industrial asset with significant upside potential. The property is conveniently located in Ingham County, Michigan, with the zip code 48906. While there are no loading docks or dock-high doors currently, the expansive lot and flexible zoning provide considerable room for future improvements and customization to meet specific operational needs.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
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.
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.