Property Listing No Longer Available for Sale

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
UpdatedSeptember 14th, 2017
TypeIndustrial
Price$420,000
Building13,500 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.


Financials