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    1510 Grand Riv Ave Meridian charter Township, MI 48864

    Sponsored
    For Sale
    $2,250,000

    Prime Okemos development site, 9.05 acres, high traffic.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 9.05-acre commercial land parcel presents a remarkable investment opportunity in the thriving Okemos, Michigan market. Located at 1510 & 1560 Grand River Avenue in Meridian Charter Township, Ingham County, this property boasts an enviable location with excellent frontage on a major thoroughfare. The site comprises two parcels, strategically positioned to capitalize on the high traffic volume of approximately 15,400 cars per day. Its Commercial zoning allows for a diverse range of development possibilities, making it ideal for a variety of projects. Potential uses include restaurants, strip shopping centers, and multifamily residential developments, catering to the growing demand in this desirable area. The property's expansive size and prime location offer significant potential for substantial returns. With its strategic positioning and flexible zoning, this 9.05-acre site is poised for significant development and represents a compelling investment opportunity in a vibrant and expanding market. The asking price for this exceptional property is $2,250,000. The property's address is 1510 & 1560 Grand River Ave., Okemos, MI 48864, and its zip code is 48864.

    Property Features for 1510 Grand Riv Ave

    General Information

    Property type
    Land
    Lot Size
    394,218 SF

    HighLights

    • 9.05‑acre commercial land parcel in Okemos, MI.
    • Located at 1510 & 1560 Grand River Ave, Meridian Charter Township, Ingham County.
    • High traffic location (approx. 15,400 cars/day) with excellent frontage on Grand River Avenue.
    • Commercially zoned for diverse development (restaurants, retail, multifamily).
    • Asking price: $2,250,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Meridian charter Township
    County
    Ingham
    State
    Michigan
    Longitude
    -84.403546
    Latitude
    42.7170487

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    FAQs

    What type of property is this?
    Land - Prime Okemos development site, 9.05 acres, high traffic.
    Where is this land located?
    The property is located at 1510 Grand Riv Ave Meridian charter Township, MI.
    What is the asking price?
    The asking price for this property is $2,250,000.
    What are key features of this property?
    This property features: 9.05-acre commercial land parcel in Okemos, MI.; Located at 1510 & 1560 Grand River Ave, Meridian Charter Township, Ingham County.; High traffic location (approx. 15,400 cars/day) with excellent frontage on Grand River Avenue.
    (517) 662-3529
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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
    1510 Grand Riv Ave Meridian charter Township, MI 48864
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