North Lansing Warehouse/Garage Space

Description

Welcome to 3405 N East Street, a prime industrial warehouse property situated on .721 acres across two spacious lots. This versatile building offers 8,000 square feet of functional space, making it an ideal investment opportunity.

Key Features:

Industrial Warehouse: The building boasts a robust industrial design, perfect for various business needs.
Fully Leased: Currently, this property is a 3-tenant investment, fully leased and generating gross rents of $54,000 per year.
Impressive Cap Rate: With an 11% cap rate at the asking price, savvy investors will appreciate the solid returns.
Convenient Overhead Doors: The property features four overhead doors, ensuring easy access for loading and unloading.
High-Traffic Location: Positioned on bustling N East Street, this property enjoys excellent visibility and accessibility.
Corner Lot: Situated at the corner of Frederick Street, it offers maximum exposure for your business.
Whether you’re expanding your portfolio or seeking a reliable income stream, 3405 N East Street is a smart investment choice. Don’t miss out on this opportunity to own a thriving commercial property in Lansing’s vibrant North side!

N East St & E Frederick Ave, west of 127 and north of Lake Lansing Road, east of Turner Rd.