Sale Investment
207 Bell St, Lansing, MI 48906
- $499.9K
- 5,640 SF building
- 0 ac
- 8.25% cap rate
An exceptional opportunity to acquire a fully leased, two-building industrial asset in the City of Lansing. Benefiting from rare heavy industrial zoning under Lansing's Form-Based Code (Suburban Industrial), this property caters to high-demand industrial, flex, warehouse, and service uses.The asset offers immediate, stable cash flow leased to two established tenants under NNN-style terms, leaving minimal landlord operational responsibilities. Tenants handle 100% of direct utility usage, snow removal, trash, lawn care, and routine maintenance per lease terms. With an efficient operating structure and a high expense recovery ratio, this property provides a hands-off, cash-flowing addition to any commercial portfolio.Seller is a licensed Salesperson in the State of Michigan and California Two Buildings, One Site: Comprises two distinct industrial structures totaling 5,640 rentable square feet across Suite A (207 Bell St – 4,440 SF) and Suite B (205 Bell St – 1,200 SF).Heavy Industrial / Suburban Industrial Zoning: Flexible industrial zoning under Lansing’s Form-Based Code, accommodating intensive commercial, manufacturing, storage, and service operations.100% Fully Leased to 2 Tenants: Dual-tenant stabilityLow Landlord Responsibility: NNN structure where tenants are responsible for 100% of direct utilities, trash, snow removal, lawn care, janitorial, and routine repairs/maintenance.High Expense Recovery Ratio: 73.6% of property operating expenses are recovered directly from tenants via tax and insurance reimbursements.Gated & Fenced Lot: Fully fenced site featuring dedicated yard space, gate access, drive-in bay doors, and functional truck/loading access.Flexible Interior Layouts: Features warehouse storage, overhead drive-in doors, power infrastructure, and updated office/living quarter spaces.
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