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    4990 Marsh Rd Meridian charter Township, MI 48864

    Sponsored
    For Sale
    $3,749,000

    Prime 4.27-acre retail site

    Property size:
    29,068 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 4.27-acre multi-parcel property presents a significant redevelopment opportunity in Meridian Charter Township, MI. Located at 4990-5000 Marsh Road, this site boasts 305 feet of frontage on Marsh Road, directly across from the Meridian Mall, a major regional shopping destination. The property encompasses two parcels (APN: 33-02-02-22-126-003, 33-02-02-22-126-007), totaling 29,068 square feet, and is zoned C-2, permitting a three-story building. This flexibility allows for a diverse range of development options, including corporate headquarters, office buildings, or hotels. The asking price is $3,749,000 ($128.97/sq ft). The strategic location offers unparalleled access to a high-density population, benefiting from the proximity to East Lansing, MSU Campus, Okemos, Haslett, and Williamston. The site is surrounded by numerous national retailers, including Dick's Sporting Goods, Target, Marshall's, Kroger, Bed Bath & Beyond, Home Depot, and Kohl's, ensuring high visibility and substantial daytime traffic. This presents a rare chance to capitalize on a prime location within a thriving retail corridor. The property's size and zoning provide a unique opportunity for a substantial and impactful development project.

    Property Features for 4990 Marsh Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    29,068 SF
    Lot Size
    186,001 SF

    Building Details

    Buildings
    2

    HighLights

    • 305 feet of frontage on Marsh Road.
    • Located directly across from Meridian Mall.
    • Excellent redevelopment opportunity in a thriving retail corridor.
    • High daytime traffic due to proximity to major retailers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Michigan State Jewelry Fashion Accessories Store Wheat Jewelers Jewelry Store

    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
    -84.4143531
    Latitude
    42.7260528

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    FAQs

    What type of property is this?
    Individual retail property - Prime 4.27-acre retail site
    Where is this individual retail property located?
    The property is located at 4990 Marsh Rd Meridian charter Township, MI.
    What is the asking price?
    The asking price for this property is $3,749,000.
    What are key features of this property?
    This property features: 305 feet of frontage on Marsh Road.; Located directly across from Meridian Mall.; Excellent redevelopment opportunity in a thriving retail corridor.
    Request Owner's contact information
    4990 Marsh Rd 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
    4990 Marsh Rd Meridian charter Township, MI 48864
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