4700 N Grand River Ave Lansing, MI 48906
Property profile & analytics
4700 N Grand River Ave, Lansing, MI 48906
- Warehouses
- 13,822 SF
- 2.58 lot acres
Property ID
US43-1318070
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Warehouses
Property Details for 4700 N Grand River Ave
- Year built
- 1967
- Lot size
- 2.58 lot acres
- Property size
- 13,822 SF
- Zone code
- MIXED Z
- Property type
- Warehouses
- APN
- 33-01-01-06-126-021
- APU
- 33010106126021
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,130,000
- AI Estimate
- $936,000
Market price range: $425k - $1.13MMarket price range: $349k - $1.01M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $770,000 Current use
- RESTAURANT
- $1,205,000 Change: +57% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $1,180,000 Change: +53% Conversion: Easy
- MEDICAL BUILDING
- $1,175,000 Change: +53% Conversion: Difficult
- OFFICE BUILDING
- $1,165,000 Change: +51% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $885,000 Change: +15% Conversion: Moderate
- INDUSTRIAL (GENERAL)
- $865,000 Change: +13% Conversion: Easy
- RETAIL STORES
- $795,000 Change: +3% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Lansing
- County
- Ingham
- State
- Michigan
- Longitude
- -84.5934
- Latitude
- 42.7687
- CBSA code
- 29620
- CBSA name
- LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$23,181
$245,200
$335,500
$580,700
-
$490,400
$671,000
$1,161,400
