5507 Lansing Rd Charlotte, MI 48813-9375
- Outlet malls
- 9,432 SF
- 0.99 lot acres
Current Use by Public Records
- Outlet malls
Property Details for 5507 Lansing Rd
- Lot size
- 0.99 lot acres
- Property size
- 9,432 SF
- Zone code
- B-1
- Property type
- Outlet malls
- APN
- 080 017 100 201 00
- APU
- 8001710020100
Description
This exceptional commercial property in Charlotte, MI, presents a remarkable investment opportunity. The offering encompasses two substantial buildings situated on a generous 1.2-acre lot, comprised of two parcels totaling 0.99 acres and an additional 0.21 acres. The main building, boasting 5,876 square feet, is ideally suited for a showroom or cultivation facility. A complete renovation has prepared this space for immediate occupancy. Significant improvements include new storefront doors and windows installed in 2020, a new hot water heater (2020), and a new metal roof (2022). Furthermore, two new furnaces and an air conditioning unit, purchased in 2021, are included in the sale, though never installed. The second building, approximately 4,000 square feet, offers versatile space perfect for a workshop, processing facility, or storage. This building features a roof replaced around 2017/2018. The combined square footage of nearly 10,000 provides extensive space for a variety of commercial uses. This property's strategic location, substantial size, and recent upgrades make it an exceptional opportunity for a discerning investor or business owner seeking a turnkey operation. The asking price is $599,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $150,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $185,000
- 6.5%
- $200,000
- 7%
- $205,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $210,000
- Geo Method
- $165,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $165,000
- Retail
- $205,000
- Mixed-Use
- $210,000
- Hospitality
- $165,000
- Educational
- $165,000
- Residential Income
- $165,000
- Energy
- $220,000
- Income-Based Land
- $210,000
- Food Service
- $200,000
Location Insight
- Map
- Local Demand
- City
- Charlotte
- County
- Eaton
- State
- Michigan
- Longitude
- -84.7004
- Latitude
- 42.6479
- CBSA code
- 29620
- CBSA name
- LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA