3405 N East St | Lansing, MI 48906
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3405 N East St
Lansing, MI 48906
Industrial Property For Sale
Executive Summary
Welcome to 3405 N East Street, a prime industrial warehouse property situated on .721 acres across two spacious lots. This versatile building offers 8,000 square feet of functional space, making it an ideal investment opportunity.
Key Features:
Industrial Warehouse: The building boasts a robust industrial design, perfect for various business needs.
Fully Leased: Currently, this property is a 3-tenant investment, fully leased and generating gross rents of $54,000 per year.
Impressive Cap Rate: With an 11% cap rate at the asking price, savvy investors will appreciate the solid returns.
Convenient Overhead Doors: The property features four overhead doors, ensuring easy access for loading and unloading.
High-Traffic Location: Positioned on bustling N East Street, this property enjoys excellent visibility and accessibility.
Corner Lot: Situated at the corner of Frederick Street, it offers maximum exposure for your business.
Whether you’re expanding your portfolio or seeking a reliable income stream, 3405 N East Street is a smart investment choice. Don’t miss out on this opportunity to own a thriving commercial property in Lansing’s vibrant North side!
Key Features:
Industrial Warehouse: The building boasts a robust industrial design, perfect for various business needs.
Fully Leased: Currently, this property is a 3-tenant investment, fully leased and generating gross rents of $54,000 per year.
Impressive Cap Rate: With an 11% cap rate at the asking price, savvy investors will appreciate the solid returns.
Convenient Overhead Doors: The property features four overhead doors, ensuring easy access for loading and unloading.
High-Traffic Location: Positioned on bustling N East Street, this property enjoys excellent visibility and accessibility.
Corner Lot: Situated at the corner of Frederick Street, it offers maximum exposure for your business.
Whether you’re expanding your portfolio or seeking a reliable income stream, 3405 N East Street is a smart investment choice. Don’t miss out on this opportunity to own a thriving commercial property in Lansing’s vibrant North side!
PROPERTY FACTS
| Sale Type | Investment | Rentable Building Area | 8,000 SF |
| Net Initial Yield | 11.94% | Number of Floors | 1 |
| Property Type | Industrial | Year Built | 1947 |
| Property Subtype | Service | Parking Ratio | 2.75/1,000 SF |
| Building Class | C | No. Dock-High Doors/Loading | 1 |
| Lot Size | 0.48 AC | Level Access Doors | 4 |
| Sale Type | Investment |
| Net Initial Yield | 11.94% |
| Property Type | Industrial |
| Property Subtype | Service |
| Building Class | C |
| Lot Size | 0.48 AC |
| Rentable Building Area | 8,000 SF |
| Number of Floors | 1 |
| Year Built | 1947 |
| Parking Ratio | 2.75/1,000 SF |
| No. Dock-High Doors/Loading | 1 |
| Level Access Doors | 4 |
Amenities
- Bus Route
PROPERTY TAXES
| Parcel Number | 01-01-04-228-071 | Improvements Assessment | £70,027 |
| Land Assessment | £24,596 | Total Assessment | £94,623 |
PROPERTY TAXES
Parcel Number
01-01-04-228-071
Land Assessment
£24,596
Improvements Assessment
£70,027
Total Assessment
£94,623
zoning
| Zoning Code | Commercial (G2 Wholesale) |
| Commercial (G2 Wholesale) |
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