1322 Rensen St, Lansing, MI
Industrial for Sale - $420,000 - 13,500 Sq. Ft.
Property Info
CIMLS# | 965589 |
Location 1322 Rensen St Lansing MI 48910 | |
Updated | September 14th, 2017 |
Type | Industrial |
Price | $420,000 |
Building | 13,500 Sq. Ft. |
Property Description
This 5 unit industrial warehouse investment property is located on Lansing South side, just North of Jolly Road and off Tranter Street. A monument sign is located at the street, guiding visitors to the tenants spaces. Parking is located both in front and along the West side of the building, for excellent access to the spaces.
The units all feature overhead door access and various office configurations. Tenants are long term, month to month but are significantly under market. By moving to market rate leases, a new owner could realize a significant increase in revenue, rate of return and building value. This building is a great value add prospect.
Each unit is separately metered for gas and electric. Landlord pays water and sewer, trash and snow and lawn care.
12' overhead doors are in each suite.