Freestanding Retail or Office
4815 Okemos Road Okemos, MI 48864
4815 Okemos Road, Okemos, MI, 48864
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For Sale
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Freestanding 2,669 SF building with an added four-lane drive-thru and established drive-thru infrastructure for flexible user types.
Property Size2,669 SF
Lot Size1.94 Acres
Price / SF$196.70
Days on Market51
Property Features for 4815 Okemos Road
General Information
- Standard status
- Active
- Size
- 2,669 SF
- Lot size
- 1.94 Acres
- Property subtype
- Office, Retail
Building Details
- Year Built
- 1989
Listing agency
NAI Wisinski of West Michigan - Kalamazoo
Listed by
Jodi K. Milks, CCIM · License #6506044331
Source
Crexi
Added: Jun 2 Updated: Jul 10 at 3:59PM Checked: Jul 21 at 7:05AM
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 NAI Wisinski of West Michigan - Kalamazoo
Investment Insights
Based on property information with market context.
This freestanding 2,669 SF retail or office building sits on a 1.94-acre site and includes an additional 1,500 SF four-lane drive-thru. The property was formerly operated as a bank branch, and it is positioned for professional office, medical, or service-oriented uses that can take advantage of the existing drive-thru configuration. Zoned PO, Professional and Office.
The building is located along Okemos Road in Meridian Charter Township. The surrounding area includes a mix of office, retail, residential, and institutional uses. The property also offers access to Michigan State University, East Lansing, and downtown Lansing.
For tenants, buyers, and operators, the combination of a standalone building and an on-site drive-thru supports a range of service and customer-facing concepts that benefit from convenient vehicle access. The PO zoning provides a framework for professional and office-related uses, and the existing drive-thru infrastructure can reduce buildout complexity for qualified users. Availability is noted for September 2026.
The building is located along Okemos Road in Meridian Charter Township. The surrounding area includes a mix of office, retail, residential, and institutional uses. The property also offers access to Michigan State University, East Lansing, and downtown Lansing.
For tenants, buyers, and operators, the combination of a standalone building and an on-site drive-thru supports a range of service and customer-facing concepts that benefit from convenient vehicle access. The PO zoning provides a framework for professional and office-related uses, and the existing drive-thru infrastructure can reduce buildout complexity for qualified users. Availability is noted for September 2026.
Key Highlights
- Freestanding 2,669 SF retail or office building built in 1989, offering a flexible space for office, medical, or service users.
- Additional 1,500 SF four‑lane drive‑thru provides established drive‑thru infrastructure for suitable user types.
- Property sits on 1.94 acres in Meridian Charter Township with the drive‑thru on‑site for customer access.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.4k | $14.40 |
| − Vacancy | −$8.4k | −$3.15 |
| EGI | $30.0k | $11.25 |
| − OpEx | −$7.5k | −$2.81 |
| NOI | $22.5k | $8.43 |
2,669 SF · lease $14.40/SF/yr · vacancy 21.90% · expense 25.00%
Alternative Uses
Best Use
Office B
$321.6K
$281.4K – $375.2K
NOI $22,512 @ 7.0% cap · market cap 4.29%
Second Best
Retail
$262.9K
$230.1K – $306.8K
NOI $18,406 @ 7.0% cap · market cap 3.51%
Theoretical Best
Office A
$428.8K
$375.2K – $500.3K
NOI $30,017 @ 7.0% cap · market cap 5.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Fifth Third Bank ...
Bank
Fifth Third Preferred ...
Financial Advisor
Fifth Third Securities ...
Financial Advisor
ATM (Fifth Third ...
Atm
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FAQs
What type of property is this?
Office building - Freestanding 2,669 SF building with an added four-lane drive-thru and established drive-thru infrastructure for flexible user types.
Where is this office building located?
The property is located at 4815 Okemos Road Okemos, MI.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Freestanding 2,669 SF retail or office building built in 1989, offering a flexible space for office, medical, or service users.; Additional 1,500 SF four‑lane drive‑thru provides established drive‑thru infrastructure for suitable user types.; Property sits on 1.94 acres in Meridian Charter Township with the drive‑thru on‑site for customer access.
