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    3151 Coleman Rd East Lansing, MI 48823

    Sponsored
    For Sale
    $699,000

    3-Acre Business Zoned Lot, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3.01-acre commercial land parcel, identified as Parcels D & E of Coleman Corners, presents a remarkable investment opportunity in East Lansing, Michigan. Located at 3151 Coleman Rd, 48823, this property boasts a prime location in Clinton County, strategically situated near the intersection of Coolidge and Coleman Roads, and benefits from the planned extension of Coleman Road, providing convenient access to Eastwood Towne Center. The site is zoned for business use, making it ideal for a variety of commercial or mixed-use developments. A master plan for commercial/mixed-use development is in place. All utilities are readily available. The property's exceptional location offers easy access to a multitude of amenities, including hotels, restaurants, and other essential services. Furthermore, its proximity to the Michigan State University Federal Credit Union headquarters and a substantial residential population (several thousand units within a one-mile radius) ensures high visibility and strong potential for success. This is a rare opportunity to acquire a sizable, well-located commercial parcel in a thriving East Lansing market. The asking price is $699,000.

    Property Features for 3151 Coleman Rd

    General Information

    Property type
    Land
    Lot Size
    131,116 SF

    HighLights

    • $699,000 asking price for 3.01 acres of commercial land.
    • Located in East Lansing, MI, at 3151 Coleman Rd, 48823.
    • Zoned for business use, ideal for mixed‑use development.
    • Excellent location near MSU Federal Credit Union headquarters and Eastwood Towne Center.
    • Utilities available, with easy access to hotels, restaurants, and thousands of residential units.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    East Lansing
    County
    Clinton
    State
    Michigan
    Longitude
    -84.5017397
    Latitude
    42.7792973

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    FAQs

    What type of property is this?
    Land - 3-Acre Business Zoned Lot, Prime Location
    Where is this land located?
    The property is located at 3151 Coleman Rd East Lansing, MI.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: $699,000 asking price for 3.01 acres of commercial land.; Located in East Lansing, MI, at 3151 Coleman Rd, 48823.; Zoned for business use, ideal for mixed-use development.
    (517) 319-9209
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    3151 Coleman Rd 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
    3151 Coleman Rd East Lansing, MI 48823
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