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    314 Evergreen Ave East Lansing, MI 48823

    Sponsored
    For Sale
    $4,435,000

    Prime 1.08-acre site near MSU

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1.08-acre commercial land parcel presents a unique redevelopment opportunity in the heart of East Lansing, Michigan. Located directly across from Michigan State University's campus, this property boasts unparalleled visibility and accessibility on Grand River Avenue, one of the city's busiest thoroughfares. The site comprises four contiguous parcels (Parcel IDs: 314 – 33-20-01-13-228-015

    Property Features for 314 Evergreen Ave

    General Information

    Property type
    Land
    Lot Size
    47,045 SF

    HighLights

    • 1.08‑acre redevelopment site in East Lansing, directly across from Michigan State University.
    • High visibility and accessibility on Grand River Avenue.
    • Four contiguous parcels ideal for large‑scale mixed‑use development.
    • Prime location in a high‑demand area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mitchell Research & Communications ... Public Relations Firm

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    East Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.4846918
    Latitude
    42.7365189

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    FAQs

    What type of property is this?
    Land - Prime 1.08-acre site near MSU
    Where is this land located?
    The property is located at 314 Evergreen Ave East Lansing, MI.
    What is the asking price?
    The asking price for this property is $4,435,000.
    What are key features of this property?
    This property features: 1.08-acre redevelopment site in East Lansing, directly across from Michigan State University.; High visibility and accessibility on Grand River Avenue.; Four contiguous parcels ideal for large-scale mixed-use development.
    (313) 474-5172
    Request Owner's contact information
    314 Evergreen Ave East Lansing, MI 48823
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    East Lansing, MI 48823
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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
    314 Evergreen Ave East Lansing, MI 48823
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