Red Cedar Flats Mixed-Use
For Sale
Contact for pricing
Pending
4970 Northwind Dr, East Lansing, MI 48823
Multifamily community with occupied commercial suites and additional space planned for an exercise and fitness tenant.
Property SizeContact for details
Days on Market142
Property Features for 4970 Northwind Dr
General Information
Standard status
Pending
Property subtype
Mixed Use, Multifamily
Additional Details
Road Access
Yes
Multifamily Units
190
Building Details
Buildings
5
Listing Agency:
CBRE - Detroit
Listed By:
Jack Johns · License #MI 6501262571
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 6:42PM
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 CBRE - Detroit
Investment Insights
Based on property information with market context.
Red Cedar Flats is a mixed-use multifamily project planned across five buildings. Four buildings contain 112 units and 316 beds, while a fifth 78-unit, 116-bed building began construction in Summer of 2020 with estimated completion in July 2021. At completion, the project is described as comprising 190 units and 432 beds. The residential offering serves market-rate tenants, including young professionals, couples, empty nesters, university staff, retirees, and Michigan State undergraduate and graduate students, without a rent-by-the-bed structure.
The property includes just under 11,500 square feet of commercial space across three suites, all reported as 100% occupied, plus approximately 3,681 square feet intended for an exercise and fitness tenant in Building 5. It has frontage on Grand River Avenue, the primary traffic corridor through the greater Lansing area, and sits across from a new Whole Foods Market. The East Lansing address is within Meridian Township, providing access to both the Meridian Township/Okemos and East Lansing/Michigan State University tenant bases.
The property includes just under 11,500 square feet of commercial space across three suites, all reported as 100% occupied, plus approximately 3,681 square feet intended for an exercise and fitness tenant in Building 5. It has frontage on Grand River Avenue, the primary traffic corridor through the greater Lansing area, and sits across from a new Whole Foods Market. The East Lansing address is within Meridian Township, providing access to both the Meridian Township/Okemos and East Lansing/Michigan State University tenant bases.
Key Highlights
- Five‑building project planned for 190 units and 432 beds at completion
- Four existing buildings contain 112 units and 316 beds
- Building 5 includes 78 units and 116 beds; estimated completion was July 2021
Property Analytics
Current Use
Lease Details
190
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
796
Businesses Nearby
Explore this area
Business Placement
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
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Multifamily community with occupied commercial suites and additional space planned for an exercise and fitness tenant.
Where is this mixed-use property located?
The property is located at 4970 Northwind Dr East Lansing, MI.
What are key features of this property?
This property features: Five‑building project planned for 190 units and 432 beds at completion; Four existing buildings contain 112 units and 316 beds; Building 5 includes 78 units and 116 beds; estimated completion was July 2021
