906 Terminal Rd 7, Lansing, MI 48906-3063
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
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
H LT IN · 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.