Property profile

906 Terminal Rd Lansing, MI 48906

FOR SALE
Office buildings
Property ID
US43-5174472
5,256 SF 0.46 ac lot Built 1960
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This vacant industrial property, located at 906 Terminal Road in Lansing, Michigan, presents a compelling investment opportunity. The 6,066 square foot building sits on a 0.46-acre lot and is zoned for light industrial use. The structure is a clear-span block and steel building, offering a versatile layout. The space is divided into two distinct areas: a 3,746 square foot industrial section and a 2,320 square foot office area. The office space features a reception area, private offices, and an open meeting space, ideal for a variety of businesses. The warehouse area is further subdivided into a 2,936 square foot heated section and an 810 square foot unheated section. The building boasts practical features including one loading dock, one drive-in door, and 12-15.5 foot ceilings. Three-phase electric service is available, and ample parking is provided for eight vehicles. The asking price is $410,000, translating to $67.59 per square foot. This property's combination of office and warehouse space, along with its convenient location in Ingham County, makes it an attractive prospect for various industrial and commercial uses. The property is currently vacant, allowing for immediate occupancy and customization to suit a new tenant's specific needs. This is a rare opportunity to acquire a well-maintained industrial building in a desirable Lansing location.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1960
Total area 5,256 SF
Lot 0.46 ac (20,038 SF)
Zoning code H LT IN
APN 33-01-01-05-276-061
UPID US43-5174472

Cap rate & NOI

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

Location

906 Terminal Rd Lansing, MI 48906
Lansing metro Census 3200 LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$295k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$295k

Owner & transaction history

since 2025
Last sale
$410,000
3 recorded transactions
2025
$410,000
2007
$290,000
2007
$150,000

Zoning & alternative use

H LT IN · 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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More about this property
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