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    3224 E Michigan Ave East Lansing, MI 48823

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    For Lease
    $20 SF/Yr ($11,795 /Mo)

    New retail/service space available for lease in vibrant area.

    Property size:
    7,077 SF
    Lot size:
    3.71 Acres

    Property Features for 3224 E Michigan Ave

    General Information

    Size
    7,077 SF
    Lot size
    3.71 Acres

    Source: Martin Commercial Properties Agent Carson Patten

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space in East Lansing

    New retail and service space is available for occupancy, offering an aggressive tenant improvement allowance. The property is located in a vibrant area with strong demographics. The available space is an endcap unit of 4,300 square feet, with potential for up to 7,077 square feet, and features prominent building signage and convenient surface parking. The location is part of Red Cedar, which includes two nationally-branded hotels, over 800 beds of fully leased student housing, 181 market-rate apartments, a senior living facility, an amphitheater, and parks with ponds and trail connections to campus. Current tenants include Tropical Smoothie, Feng Cha Tea, Hooked Books, Lansing Duck Pin, and Orthopedic Rehab.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    East Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.50068
    Latitude
    42.733685

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    FAQs

    What type of property is this?
    Retail space - New retail/service space available for lease in vibrant area.
    Where is this retail space located?
    The property is located at 3224 E Michigan Ave East Lansing, MI.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: - Aggressive tenant improvement allowance available.; - High-traffic location within the Red Cedar Development.; - **4,300 SF endcap space with prominent signage (potential for up to 7,077 SF).**
    (720) 987-4988
    Request Owner's contact information
    3224 E Michigan Ave East Lansing, MI 48823
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    East Lansing, MI 48823
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3224 E Michigan Ave East Lansing, MI 48823
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