700 Kalamazoo StLansing, MI 48912

Property Details for 700 Kalamazoo St

Year built

2006

Property size (Sq ft)

240 SF

Property type

Commercial real estate

APN

33-01-01-15-351-803

APU

33010115351803

Description

This exceptional industrial property, located at 700 E Kalamazoo St in Lansing, Michigan, presents a significant investment opportunity. The property encompasses 32,937 square feet of warehouse space within two single-story buildings constructed in 1966. Sitting on a 2.46-acre lot, the property benefits from its strategic location, offering ample frontage on Kalamazoo Avenue. The I HVY zoning designation allows for a wide range of industrial uses. The property's features include over 30,000 square feet of versatile warehouse/floor space, making it suitable for various distribution, storage, or manufacturing needs. Its proximity to the Adrian Blissfield rail line provides convenient access to transportation networks. The asking price for this vacant, Class C property is $399,500. The property's parcel number is 33-01-01-15-351-011, and the zip code is 48912. This substantial property offers significant potential for investors seeking a well-located industrial asset in the Lansing area. The flexible zoning and ample space make it an attractive option for a variety of businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $17,015.80

  6.5%

  $15,706.90

  7%

  $14,584.90

• Comparable approach

  Method

  Valuation

  Relative Method

  $22,449.60

  Geo Method

  $22,449.60

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $44,030.10

  Retail / Commercial

  $20,012.60

  Mixed-Use / Specialty

  $17,919.30

  Hospitality / Lodging

  $10,514.30

  Office

  $15,706.90

  Institutional / Educational

  $17,906.20

  Residential Income

  $20,950.30

  Multifamily

  $36,335.90

  Automotive / Energy

  $15,348.20

  Parking / Income-Based Land

  $7,294.11

  Restaurant / Food Service

  $5,004.77

  Healthcare / Senior Housing

  $20,449.40

Location Insight

City

Lansing

County

Ingham

State

Michigan

Latitude

42.7287

Longitude

-84.5423

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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