3940 N Grand River Ave
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3940 N Grand River Ave
17,135 SF 100% Leased Industrial Building Lansing, MI 48906 $999,000 ($58/SF)
Investment Highlights
- Close proximity to I-96 and I-69
- Located near the Capital Regional International Airport
Executive Summary
Vacant 9,095 SF warehouse with 15 ft ceilings
1 tenant leasing 3,720 SF will stay or move based on new owners plans (current lease is month-to-month)
1.15 acres great for owner occupied
Zoned Industrial 1
Located near the Capital Regional International Airport
2 high door loading docks and 3 overhead doors
3 connected buildings could be leased separately
Close proximity to I-96 and I-69
1 tenant leasing 3,720 SF will stay or move based on new owners plans (current lease is month-to-month)
1.15 acres great for owner occupied
Zoned Industrial 1
Located near the Capital Regional International Airport
2 high door loading docks and 3 overhead doors
3 connected buildings could be leased separately
Close proximity to I-96 and I-69
Property Facts
| Price | $999,000 | No. Stories | 1 |
| Price Per SF | $58 | Year Built | 1962 |
| Sale Type | Investment | Parking Ratio | 0.58/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 15 FT |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 2 |
| Building Class | C | No. Drive In / Grade-Level Doors | 3 |
| Lot Size | 1.15 AC | Cross Streets | N Grand River Ave and Remy Rd |
| Rentable Building Area | 17,135 SF | Opportunity Zone |
Yes
|
| Price | $999,000 |
| Price Per SF | $58 |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.15 AC |
| Rentable Building Area | 17,135 SF |
| No. Stories | 1 |
| Year Built | 1962 |
| Parking Ratio | 0.58/1,000 SF |
| Clear Ceiling Height | 15 FT |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 3 |
| Cross Streets | N Grand River Ave and Remy Rd |
| Opportunity Zone |
Yes |
Amenities
- Security System
- Signage
Utilities
- Water - City
- Sewer - City
- Heating - Gas
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PROPERTY TAXES
| Parcel Number | 01-01-06-226-015 | Improvements Assessment | $205,100 |
| Land Assessment | $74,800 | Total Assessment | $279,900 |
PROPERTY TAXES
Parcel Number
01-01-06-226-015
Land Assessment
$74,800
Improvements Assessment
$205,100
Total Assessment
$279,900
zoning
| Zoning Code | CM (Commercial) |
| CM (Commercial) |
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3940 N Grand River Ave
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