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Endcap Retail Space
For Lease
$19.50 SF/Yr

601 E Grand River Ave, East Lansing, MI 48823

B3-zoned space offers prominent exposure across from Michigan State University’s main campus.

Space SizeContact for details
Property Size39,963 SF
Days on Market1720

Property Features for 601 E Grand River Ave

General Information

Standard status Active
Size 39,963 SF
Property subtype Retail
Zoning B3

Building Details

Building Size 39,963 SF
Year Built 2006
Buildings 1
Stories 4
Listing Agency: Signature Associates - Southfield
Listed By: Marvin Petrous · License #6501386692
Source: Cpix.resimplifi
Added: Dec 20, 2021 Changed: Aug 30 Last Checked: Aug 30 at 5:28PM

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 Signature Associates - Southfield

Investment Insights

Based on property information with market context.

This 39,963-square-foot retail space occupies an endcap position in a building completed in 2006. Its placement provides exposure along Grand River Avenue and direct proximity to Michigan State University’s main campus at the Collingwood entrance. The property is positioned across from a campus serving more than 50,000 students and 13,000 faculty members.

The site carries B3 zoning. A Class C Liquor License is available for lease only, adding a specific licensing option for a qualified retail or related operation.

Key Highlights

  • 39,963‑square‑foot retail space
  • Endcap position with Grand River Avenue exposure
  • Across from Michigan State University main campus at the Collingwood entrance

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Auto Parts Store Kitchen & Bath Showroom Plumbing Service Building Supply Hair Salon Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.93 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,283
Businesses Nearby
188k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 79% Hotels & Casinos 13% Shops & Services 8%
McDonald's Dining
32,133 visits/mo 0.3 miles
Raising Cane's Chicken Fingers Dining
29,964 visits/mo 0.4 miles
Marriott East Lansing At University Place Hotels & Casinos
25,105 visits/mo 0.3 miles
Starbucks Dining
17,250 visits/mo 0.4 miles
Potbelly Sandwich Shop Dining
11,820 visits/mo 0.4 miles

Demographics for 48823, MI

51,793
Population
23,757
Households
2.2
Avg Household Size
28
Median Age
64%
College-Educated
98%
High-School Grad
23.6 sq mi
ZIP Area
2,195
Density / Sq Mi
$50,837
Median Household Income
$19,837
Median Earnings
$1,127
Median Rent
$261,100
Median Home Value

Market

Lease Benchmarks for East Lansing, MI

$22.8 /SF/Yr
Avg Asking Price
$12.5–$38 /SF/Yr
Price Range
10,060 SF
Avg Space Size

This space is priced 14% below the average of $22.8 /SF/Yr.

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - B3-zoned space offers prominent exposure across from Michigan State University’s main campus.
Where is this retail space located?
The property is located at 601 E Grand River Ave East Lansing, MI.
What is the lease rate?
The lease rate is $19.50 SF/Yr.
What are key features of this property?
This property features: 39,963‑square‑foot retail space; Endcap position with Grand River Avenue exposure; Across from Michigan State University main campus at the Collingwood entrance
More about this property
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