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    16820 Chandler Rd East Lansing, MI 48823

    For Sale
    Contact for pricing

    Student Housing at Michigan State University

    Property size:
    95,421 SF

    Description

    Added:
    Nov 8, 2025
    Days on Market:
    28
    See attached for the 154-unit NoCa Lofts in East Lansing, MI that we just listed for sale. The property is currently student housing serving Michigan State University but has all 1 and 2 bedroom units and is an ideal multi-family conversion.
    • Newer Construction Built in 2019 – Hybrid Multi-Family/Student Housing Property
    • 3 Miles from Campus – Approximately 3,500 Beds of Student Housing and 36,000 SF of Retail in Immediate Proximity
    • Michigan State University – 51,838 Fall 2025 Enrollment
    • Market Sellers – Loan Maturing in Early 2026
    • 92% Occupancy – Opportunity for More Consistency through Market Rate Mult-Family
    • Assumable PACE Financing
    • Guidance - $21M – 6.5% CAP on Year 1 Pro Forma - $135K/Unit

    Property Features for 16820 Chandler Rd

    General Information

    Property type
    Multifamily properties
    Investment Type
    value-add
    Square Feet
    95,421 SF
    Class
    B
    Occupancy
    95%
    Net Operating Income
    $1,329,682

    Building Details

    Year Built
    2019
    Buildings
    154
    Stories
    3
    Insight Report Location Intelligence

    Current Use by Public Records

    A Market 家家乐超市 Asian Grocery Store Cabrio Properties E ... Property Management Company Moka and Co Coffee Shop Moka & Co Coffee Shop Amazon Counter - A Market Shipping And Mailing Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    East Lansing
    State
    Michigan
    Longitude
    -84.4836408
    Latitude
    42.7782426

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    FAQs

    What type of property is this?
    Multifamily property - Student Housing at Michigan State University
    Where is this multifamily property located?
    The property is located at 16820 Chandler Rd East Lansing, MI.
    What is the asking price?
    The asking price for this property is $21,000,000.
    (773) 505-7326
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    16820 Chandler Rd 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
    16820 Chandler Rd East Lansing, MI 48823
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