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    1664 W Grand River Ave Okemos, MI 48864

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    For Lease
    $15 SF/Yr ($14,542 /Mo)

    Freestanding building on a prime retail corridor available for rent.

    Property size:
    11,634 SF
    Lot size:
    1.86 Acres

    Property Features for 1664 W Grand River Ave

    General Information

    Size
    11,634 SF
    Lot size
    1.86 Acres

    Source: Woodworth Commercial LLC Agent Todd M. Kosta

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

    Overview

    Former Retail Space in Okemos

    The property, formerly a Rite-Aid, is situated on a corner location in Okemos. The building features an open sales floor, multiple check-out counters, a separate pharmacy counter, a wall of refrigerators, restrooms, and a back storage/loading area. A grade-level overhead door and a two-lane drive-thru are also present. Located on the corner of W. Grand River Ave and Central Park Drive, the property benefits from high visibility, with over 15,000 vehicles passing by daily. The location is in the retail corridor of Okemos, surrounded by retail strip centers, a Speedway, a Quality Dairy convenience store, Graff Chevrolet and Nissan of Okemos, and Tom's Food Center. It is also conveniently located across from a newly developed sub-division, providing easy access to surrounding Okemos neighborhoods. The property has a size of 11,634 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    CDReload - Online Bitcoin ... Crypto Atm higi Health Consultant Rite Aid Drug Store Rite Aid Photo Photo Lab Western Union Money Transfer Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    Eleni C. Butzin, RPh, Rite Aid Pharmacy, Jennifer Harsch

    Location Insight

    • Map
    • Local Demand
    City
    Okemos
    County
    Ingham
    State
    Michigan
    Longitude
    -84.410193
    Latitude
    42.718399

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    FAQs

    What type of property is this?
    Drug store - Freestanding building on a prime retail corridor available for rent.
    Where is this drug store located?
    The property is located at 1664 W Grand River Ave Okemos, MI.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: - Prime retail corridor location in Okemos with high traffic count (over 15,000 vehicles per day).; - Free-standing building with excellent frontage on the corner of W. Grand River Ave and Central Park Drive.; - Existing infrastructure includes open sales floor, multiple check-out counters, pharmacy counter, refrigerator wall, and restrooms.
    (310) 633-3001
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    1664 W Grand River Ave Okemos, MI 48864
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    Okemos, MI 48864
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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
    1664 W Grand River Ave Okemos, MI 48864
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