Freestanding Retail and Office
4815 Okemos Road Okemos, MI 48864
4815 Okemos Road, Okemos, MI, 48864
$525,000
For Sale
$525,000
COMMERCIAL - Okemos, MI
Property Size2,669 SF
Lot Size1.94 Acres
Price / SF$196.70
Days on Market48
Property Features for 4815 Okemos Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2
- Interior features
- Broadband
- Standard status
- Active
- APN
- 33-02-02-21-254-032
- Size
- 2,669 SF
- Lot size
- 1.94 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- MP 490-494, INCL. LOTS 10, 11, 12, 13, 14, 15 & 16 CEDAR BEND HEIGHTS
- Tax Annual Amount
- 19745
Utilities
- Utilities
- Phone Available
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1989
- Floors in Building
- 1
- Number of units
- 1
- Building materials
- Brick
- Roof type
- Composition
Listing Agency
NAI Wisinski of West Michigan
(269) 353-0311
650 Trade Centre Way, Ste 130, Kalamazoo, MI
Listed by
Jodi K Milks · License #6502339107
(269) 353-0311
Added: Jun 2 Checked: Jul 19 at 8:06 am
MLS# 26026464
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This freestanding commercial property offers 2,669 square feet of retail or office space, along with an additional 1,500 square feet with a four-lane drive-thru. It was formerly operated as a bank branch, providing a layout and site improvements that can support professional services and other customer-oriented operations. The offering is in Meridian Charter Township and includes a 1.94-acre site.
The property is located along Okemos Road, one of the Lansing-area’s primary suburban corridors, with access to Michigan State University, East Lansing, and downtown Lansing. The surrounding area includes a mix of office, retail, residential, and institutional uses, supporting ongoing demand from a variety of commercial customer bases.
Zoned PO, Professional and Office, the building is a practical fit for tenants or buyers seeking an established location for professional office, medical, or service-oriented use. The added drive-thru infrastructure is particularly relevant for operators looking to serve customers by vehicle, while the existing retail/office configuration can accommodate a range of professional and service models. Availability is noted for September 2026.
The property is located along Okemos Road, one of the Lansing-area’s primary suburban corridors, with access to Michigan State University, East Lansing, and downtown Lansing. The surrounding area includes a mix of office, retail, residential, and institutional uses, supporting ongoing demand from a variety of commercial customer bases.
Zoned PO, Professional and Office, the building is a practical fit for tenants or buyers seeking an established location for professional office, medical, or service-oriented use. The added drive-thru infrastructure is particularly relevant for operators looking to serve customers by vehicle, while the existing retail/office configuration can accommodate a range of professional and service models. Availability is noted for September 2026.
Key Highlights
- Freestanding 2,669 SF retail or office building on 1.94 acres in Meridian Charter Township
- Additional 1,500 SF four‑lane drive‑thru infrastructure on‑site
- Zoned PO, Professional and Office
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
Healthcare Medical
$321.6K
$281.4K – $375.2K
NOI $22,512 @ 7.0% cap · market cap 4.29%
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 building with a drive-thru offers flexible space for professional office, medical, or service users.
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 on 1.94 acres in Meridian Charter Township; Additional 1,500 SF four‑lane drive‑thru infrastructure on‑site; Zoned PO, Professional and Office
