5507 Lansing RdCharlotte, MI 48813

Property Details for 5507 Lansing Rd

Lot size

0.99 AC

Property size (Sq ft)

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.

• CAP approach

  CAP return

  Valuation

  6%

  $867,368

  6.5%

  $800,648

  7%

  $743,459

• Comparable approach

  Method

  Valuation

  Relative Method

  $468,005

  Geo Method

  $468,005

• Alternative Use

  Use

  Valuation

  Residential

  $675,376

  Hospitality

  $618,641

  Educational

  $514,702

  Medical

  $532,404

  Retail

  $800,648

Location Insight

City

Charlotte

County

Eaton

State

Michigan

Latitude

42.6479

Longitude

-84.7004

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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