2120 Washington AveLansing, MI 48910

  • Manufacturing properties
  • 443,540 SF
For Lease
$5.50/SF/YR View listing

Property Details for 2120 Washington Ave

Year built
1915
Lot size
9.59 AC
Property size (Sq ft)
443,540 SF
Zone code
I HVY
Property type
Manufacturing properties
APN
33-01-01-28-151-014
APU
33010128151014

Description

This exceptional free-standing warehouse, located at 2120 S Washington Avenue in Ingham County, offers a significant opportunity for businesses seeking flexible industrial space. The property boasts a total of 114,037 square feet, with a minimum divisible space of 5,000 square feet and the potential to lease the entire building contiguously. Currently, the entire 114,037 square feet is vacant and ready for immediate occupancy. The warehouse features impressive 16' to 18' clear ceiling heights, providing ample vertical space for storage and operations. Loading is facilitated by one dock-high door and five truckwells. Ample parking is available with over 50 spaces. The property benefits from robust power capabilities, including 600 amps, 440 volts, and 3-phase power. An elevator is also present. The building underwent extensive renovations in 2024, including a new roof, electrical service, and LED lighting throughout. The property is zoned for industrial use and is conveniently situated near an active rail spur. Office space can be customized to suit tenant needs. The lease rate is $5.50 per square foot, NNN, with pricing adjusted based on size and lease term. Inquire for sale information.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $31,759,590
    Hospitality
    $29,091,614
    Educational
    $24,203,880
    Medical
    $25,036,290
    Retail
    $37,650,480

Location Insight

City
Lansing
County
Ingham
State
Michigan
Latitude
42.71
Longitude
-84.5543
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
2023
$33,567
$64,600
$444,000
$508,600
-
$129,200
$888,000
$1,017,200

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