Multi-Tenant Retail
New
For Sale
$4,979,614
4738-4750 Central Park Drive, Okemos, MI 48864
A fully occupied center with NNN leases and drive-through banking at the intersection of two thoroughfares.
Property Size19,168 SF
Lot Size2.99 Acres
Price / SF$259.79
Days on Market7
Property Features for 4738-4750 Central Park Drive
General Information
Standard status
Active
Size
19,168 SF
Lot size
2.99 Acres
Property subtype
Retail
Occupancy
100%
Site & Location
Corner Location
Yes
Drive-Thru
Yes
Road Access
Yes
Mixed-Use Components
retail, office
Additional Details
Tenant in Place
Yes
Building Details
Building Size
19,168 SF
Construction
brick
Tenancy
Multi
Listing Agency:
Encore Real Estate Investment Services
Listed By:
Deno Bistolarides · License #6502378067
(248) 702-0288
Source:
Cpix.resimplifi
Added: Oct 20
Changed: Oct 26
Last Checked: Oct 24 at 1:44PM
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 Encore Real Estate Investment Services
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 19,168-square-foot retail and office center is fully occupied by 10 tenants, all on NNN leases. The tenant roster includes Bank of America, Domino’s, Milan Laser, Liberty Mutual, Moka & Co., Pacific Tan, and local operators. Bank of America has drive-through banking, with its lease extending through July 2031; Domino’s is leased through April 2036. The property occupies a 2.99-acre site with surface parking and landscaped grounds.
The center is located at Grand River Avenue and Central Park Drive, with access from both roads. Michigan State University, with 51,838 students, is nearby, and downtown Lansing is also within reach. The reported population within five miles is approximately 90,477, while average household income within one mile exceeds $154,000.
The center is located at Grand River Avenue and Central Park Drive, with access from both roads. Michigan State University, with 51,838 students, is nearby, and downtown Lansing is also within reach. The reported population within five miles is approximately 90,477, while average household income within one mile exceeds $154,000.
Key Highlights
- Fully occupied by 10 tenants under NNN leases
- 19,168 SF retail and office center on a 2.99‑acre site
- At Grand River Avenue and Central Park Drive, with access from both thoroughfares
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
675
Businesses Nearby
126k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 33%
Home Improvements & Furnishings 29%
Groceries 25%
Apparel 9%
The Home Depot
Home Improvements & Furnishings
36,195 visits/mo
0.3 miles
Kroger
Groceries
31,291 visits/mo
0.5 miles
Speedway
Shops & Services
26,159 visits/mo
0.0 miles
Rally House
Apparel
9,088 visits/mo
0.3 miles
Quality Dairy
Shops & Services
6,834 visits/mo
0.1 miles
Demographics for 48864, MI
22,804
Population
9,903
Households
2.3
Avg Household Size
38
Median Age
76%
College-Educated
98%
High-School Grad
20.1 sq mi
ZIP Area
1,135
Density / Sq Mi
$113,145
Median Household Income
$64,120
Median Earnings
$1,281
Median Rent
$358,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Sunglass Hut — 1982 W Grand River Ave Ste 577, Okemos, MI 48864
- Coinstar Kiosk | Bitcoin ATM — Kroger - Michigan, 4884 Marsh Rd, Okemos, MI 48864
Frequently Asked Questions
What type of property is this?
Shopping center - A fully occupied center with NNN leases and drive-through banking at the intersection of two thoroughfares.
Where is this shopping center located?
The property is located at 4738-4750 Central Park Drive Okemos, MI.
What is the asking price?
The asking price for this property is $4,979,614.
What are key features of this property?
This property features: Fully occupied by 10 tenants under NNN leases; 19,168 SF retail and office center on a 2.99‑acre site; At Grand River Avenue and Central Park Drive, with access from both thoroughfares
