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    1492 Grand Riv Ave Meridian charter Township, MI 48864

    Sponsored
    For Sale
    $1,350,000

    Prime Retail Development Site, Excellent Frontage

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 5.53-acre commercial land parcel presents a remarkable opportunity for development in the thriving Okemos, Michigan market. Located at 1492 W Grand River Ave, Meridian Charter Township, Ingham County, MI 48864 (APN 33-02-02-23-301-013), this property boasts excellent visibility and frontage on Grand River Avenue. The permitted Commercial zoning allows for a variety of development options, including retail, freestanding buildings, or mixed-use projects. The existing 1,948 square foot building on the site offers potential for adaptive reuse or demolition to accommodate a new development. This prime location in Okemos offers easy access to major roadways and a strong customer base. The asking price for this exceptional development opportunity is $1,350,000. This 5.53-acre site presents a unique chance to capitalize on the growing demand for commercial space in this desirable area. Serious inquiries are encouraged to explore the full potential of this significant property. The property's strategic location and ample acreage make it an ideal investment for developers seeking a high-impact project in a thriving community. Don't miss this chance to acquire a premier commercial land parcel in a highly sought-after location.

    Property Features for 1492 Grand Riv Ave

    General Information

    Property type
    Land
    Lot Size
    240,887 SF

    HighLights

    • $1,350,000 asking price.
    • 5.53‑acre commercial land parcel.
    • Located at 1492 W Grand River Ave, Meridian Charter Township, MI 48864.
    • Commercial zoning permits retail, freestanding, or mixed‑use development.
    • Includes a 1,948 SF building.
    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
    -84.4026013
    Latitude
    42.7167986

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    FAQs

    What type of property is this?
    Land - Prime Retail Development Site, Excellent Frontage
    Where is this land located?
    The property is located at 1492 Grand Riv Ave Meridian charter Township, MI.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: $1,350,000 asking price.; 5.53-acre commercial land parcel.; Located at 1492 W Grand River Ave, Meridian Charter Township, MI 48864.
    (517) 662-3529
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    1492 Grand Riv Ave Meridian charter Township, MI 48864
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    Meridian charter Township, MI 48864
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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
    1492 Grand Riv Ave Meridian charter Township, MI 48864
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