4063 Grand Oak DrLansing, MI 48911

For Lease
$8.50/SF/YR View listing
  • Industrial properties
  • 31,090 SF

Property Details for 4063 Grand Oak Dr

Year built
2006
Lot size
2.49 AC
Property size (Sq ft)
31,090 SF
Zone code
H LT IN
Property type
Industrial properties
Property subtype
Loft space
APN
33-01-05-02-471-063
APU
33010502471063

Description

This exceptional industrial/flex property, located in the prestigious Oakwood Executive Park at 4063 Grand Oak Drive, offers 21,594 square feet of immediately available space, divisible to a minimum of 5,000 square feet. Built in 2006, this single-story building sits on a 2.49-acre lot and boasts a 17-foot ceiling height, ideal for various industrial and flex uses. The property features convenient access with three drive-in doors and one enclosed loading dock, ensuring efficient loading and unloading operations. Separate pedestrian entrances provide convenient access for employees and visitors. Ample parking is available with approximately 50 spaces. The property is equipped with 3-phase, 480-volt power. The zoning is designated as H LT IN, and the Assessor's Parcel Number (APN) is 33-01-05-02-471-063. The cross street is Pine Tree Rd. This property presents a unique opportunity for businesses seeking a functional and well-located industrial or flex space in a desirable business park setting. The large contiguous space and flexible divisibility make it suitable for a wide range of tenants. Don't miss this chance to secure your ideal workspace.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,411,709
    6.5%
    $2,226,193
    7%
    $2,067,179
  • Comparable approach

    Method
    Valuation
    Relative Method
    $4,507,646
    Geo Method
    $4,507,646
  • Alternative Use

    Use
    Valuation
    Residential
    $2,226,193
    Hospitality
    $2,039,181
    Educational
    $1,696,574
    Medical
    $1,754,922
    Retail
    $2,639,116
4063 Grand Oak Dr, Lansing, Michigan

Location Insight

City
Lansing
County
Ingham
State
Michigan
Latitude
42.6713
Longitude
-84.5062
CBSA code
29620
CBSA name
LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$49,188
$200,400
$830,500
$1,030,900
-
$400,800
$1,661,000
$2,061,800

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