Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7455 Grand Riv Ave Grand Ledge, MI 48906

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    10 Acres, Highway Frontage, B-2 Zoning

    Property Features for 7455 Grand Riv Ave

    General Information

    Property type
    Land
    Lot Size
    444,748 SF

    We can help!

    Listing Contact
    Todd Kosta
    Todd Kosta

    Listing Agency: Woodworth Commercial Okemos Listing Agent: Todd Kosta

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 10.21-acre commercial development parcel presents a prime investment opportunity in Grand Ledge, Michigan. Located at 7455 W Grand River Ave, Lansing, MI 48906 (APN: 150-033-100-045-60, 150-028-400-020-60), this property boasts unparalleled highway visibility and convenient access to two major highways, ensuring high traffic exposure for any development. The B-2 zoning allows for a wide range of commercial uses. Its strategic location offers easy access to Lansing, DeWitt, Grand Ledge, and East Lansing, providing a strong regional draw. The property sits directly across from a Love's Travel Stop, further enhancing its desirability and potential for high foot traffic. This presents a unique chance to capitalize on a high-demand location. The asking price is $2,200,000. Ground lease and build-to-suit options may be available upon request. This is an exceptional opportunity for developers seeking a high-visibility location with significant growth potential in a thriving area. Don't miss this chance to secure a prominent commercial site in a rapidly developing region.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Real Estate Agency Restaurant Law Firm Pharmacy Big Box & Wholesale Store Auto Parts Store Department Store HVAC Service Discount Store Parking Lot & Garage

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Ledge
    County
    Clinton
    State
    Michigan
    Longitude
    -84.6687749
    Latitude
    42.7832453

    Nearby Similar for Sale

    • Contact for pricing

      Well-Maintained Condo in Grand Ledge

      2-bedroom, 1.5-bath condo in a quiet Grand Ledge community.
      918 Timber Crk Dr, Grand Ledge, MI 48837
      View Details
    • $1,499,000
      11,080 SF

      Grand Ledge Retail Building - $1.5M

      Vacant Freestanding Retail, High Traffic
      715 Clinton St, Grand Ledge, MI 48837
      View Details
    • $399,000
      1.12 Acres

      Grand Ledge Auto Shop - $399K

      High-exposure auto shop, vacant, great location.
      530 Saginaw Hwy, Grand Ledge, MI 48837
      View Details
    • Contact for pricing
      11,080 SF

      Freestanding Retail Opportunity on Corner

      Freestanding retail building with drive-thru and substantial parking.
      715 S Clinton St, Grand Ledge, MI 48837
      View Details
    • $225,000
      1,571 SF

      Mancino's Grinders and Pizza

      Incredible Business Opportunity!
      914 Charlevoix Dr, Grand Ledge, MI 48837
      View Details

    FAQs

    What type of property is this?
    Land - 10 Acres, Highway Frontage, B-2 Zoning
    Where is this land located?
    The property is located at 7455 Grand Riv Ave Grand Ledge, MI.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: 10.21-acre commercial development parcel in Grand Ledge, MI.; High-traffic location with highway visibility and access to two major highways.; B-2 zoning allows for diverse commercial uses.
    (517) 679-8633 Call to check price and availability
    Request Owner's contact information
    7455 Grand Riv Ave Grand Ledge, MI 48906
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7455 Grand Riv Ave
    Grand Ledge, MI 48906
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    7455 Grand Riv Ave Grand Ledge, MI 48906
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Todd Kosta
    Todd Kosta
    Real Estate License ID: 6501346341
    (517) 679-8633 (310) 633-3001 (989) 723-3711
    Learn more
    Google sign-in failed. Please try again or use another login method.