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    4880 Marsh Rd Okemos, MI 48864

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    For Sale
    $2,500,000

    Restaurant property in high-traffic Meridian Township entertainment and shopping area.

    Property size:
    8,057 SF
    Lot size:
    2.92 Acres

    Property Features for 4880 Marsh Rd

    General Information

    Size
    8,057 SF
    Lot size
    2.92 Acres

    Source: RE/MAX COMMERCIAL GROUP Agent Matthew Wisniewski, CCIM

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

    Overview

    Restaurant Site in Okemos

    This restaurant site is located in the Meridian Township entertainment and shopping area, shadow-anchored by Target and Kroger, and across from Meridian Mall. The site has road frontage on both Marsh Road and Newman Road. The surrounding area includes major retailers such as Home Depot, Dick's Sporting Goods, and Marshalls. The site is a fully improved restaurant location with 194 parking spaces. The property has 2.9 acres with redevelopment potential and an unrivaled high-exposure location. The average daily traffic count on Marsh Road is 18,974. Outback will vacate this site in February 2022. The property size is 8,057 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Restaurants

    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

    Saddleback BBQ Okemos

    Location Insight

    • Map
    • Local Demand
    City
    Okemos
    County
    Ingham
    State
    Michigan
    Longitude
    -84.414462
    Latitude
    42.723832

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    FAQs

    What type of property is this?
    Restaurant - Restaurant property in high-traffic Meridian Township entertainment and shopping area.
    Where is this restaurant located?
    The property is located at 4880 Marsh Rd Okemos, MI.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: - Unrivaled high exposure location; - Fully improved restaurant site; - 2.9 acres with great redevelopment potential
    (517) 980-9299
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    4880 Marsh Rd 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
    4880 Marsh Rd Okemos, MI 48864
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