North Lansing Warehouse/Garage Space

3405 N East St Lansing, MI 48906

3405 N East St, Lansing, MI, 48906
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FOR SALE
Property Type:
Warehouse
Amount:
$292,327
Last Verified:
Oct 01, 2024

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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.


Year Built: 1947
Building Size: 8000sq ft
Lot Size: 0.48 acres

Map of 3405 N East St, Lansing, MI, 48906

What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.