Retail Center with Vacant
1060 Trowbridge Road East Lansing, MI 48823
1060 Trowbridge Road, East Lansing, MI, 48823
Contact for pricing
For Sale
Contact for pricing
Retail center in East Lansing with tenant set to vacate, allowing the next owner to reconfigure and lease portions.
Property Size7,975 SF
Price / SF$163.01
Days on Market8
Property Features for 1060 Trowbridge Road
General Information
- Standard status
- Active
- Size
- 7,975 SF
- Property subtype
- Retail
Listing agency
RE/MAX Grande
(810) 695-4111
Listed by
Scott Myers · License #620395235
Source
Crexi
Added: Jul 16 Updated: Jul 23 at 3:48AM Checked: Jul 23 at 3:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Grande
Investment Insights
Based on property information with market context.
This for-sale retail center at 1060 Trowbridge Road in East Lansing, Michigan offers a total retail building currently occupied by a single tenant that will be vacating. With the entire building becoming available, a new owner has flexibility to reconfigure the space and select new tenants, including the option to relocate a restaurant concept into a portion of the building while leasing the remainder.
The property is located near recognizable regional draws, including Starbucks, Marriott, Michigan State University, Taco Bell, and a well-known local market.
The center’s retail-focused layout and the availability of the full building at the time of transition support a range of redevelopment and leasing approaches, depending on the next owner’s plan for tenant mix and space configuration.
The property is located near recognizable regional draws, including Starbucks, Marriott, Michigan State University, Taco Bell, and a well-known local market.
The center’s retail-focused layout and the availability of the full building at the time of transition support a range of redevelopment and leasing approaches, depending on the next owner’s plan for tenant mix and space configuration.
Key Highlights
- 8,0009 (+/-) SF retail center in East Lansing
- Current tenant occupies the entire building and is set to vacate
- New owner can reconfigure the space and select new tenants
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $114.8k | $14.40 |
| − Vacancy | −$20.6k | −$2.58 |
| EGI | $94.3k | $11.82 |
| − OpEx | −$23.6k | −$2.96 |
| NOI | $70.7k | $8.87 |
7,975 SF · lease $14.40/SF/yr · vacancy 17.90% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.01M
$883.9K – $1.18M
NOI $70,713 @ 7.0% cap · market cap 5.44%
Second Best
Retail
$785.7K
$687.5K – $916.7K
NOI $54,999 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,690 @ 7.0% cap · market cap 6.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Swagath Indian Cuisine
Restaurant
Swagath Foods
Grocery & Convenience Store
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Retail center in East Lansing with tenant set to vacate, allowing the next owner to reconfigure and lease portions.
Where is this retail space located?
The property is located at 1060 Trowbridge Road East Lansing, MI.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 8,0009 (+/-) SF retail center in East Lansing; Current tenant occupies the entire building and is set to vacate; New owner can reconfigure the space and select new tenants
