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    194 Albert St East Lansing, MI 48823

    For Lease
    $32 SF/Yr

    High-traffic retail space in prime location.

    Lot size:
    3,201 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 3,201 square foot retail space is ideally situated at 194 Albert St, East Lansing, MI 48823, offering unparalleled visibility and accessibility. Located within a thriving mixed-use development at the intersection of Abbott Road and Grand River Avenue, this street-front property benefits from exceptionally high foot traffic. The building is part of a vibrant commercial area, boasting a strong tenant mix that includes nationally recognized brands such as Target, HopCat, Kroger, Fresh Thyme, T.J. Maxx, and HomeGoods. This ensures a consistent flow of potential customers and establishes a desirable commercial environment. The property is categorized as multi-tenant retail, presenting opportunities for various business types. Its Ingham County location within East Lansing provides easy access to a large consumer base and benefits from the city's robust infrastructure and amenities. The property's prime location and proximity to established retailers make it an attractive investment opportunity for businesses seeking high visibility and strong consumer traffic. This space is perfect for a variety of retail uses and offers a unique chance to establish a presence in a thriving and well-established commercial district. Inquire today to learn more about this exceptional retail opportunity.

    Property Features for 194 Albert St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,201 SF

    Unit(s) available at that property

    Space
    Endcap Suite
    Size
    3,201 SF
    Rate per SF
    $32

    HighLights

    • Across from Michigan State University.
    • High foot traffic averaging 320,000 daily visitors.
    • New 600‑space parking structure with convenient Albert Street access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    East Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.482926390423
    Latitude
    42.736048849995

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    FAQs

    What type of property is this?
    Retail property - High-traffic retail space in prime location.
    Where is this retail property located?
    The property is located at 194 Albert St East Lansing, MI.
    What is the lease rate?
    The lease rate is $32 SF/Yr.
    What are key features of this property?
    This property features: Across from Michigan State University.; High foot traffic averaging 320,000 daily visitors.; New 600-space parking structure with convenient Albert Street access.
    Request Owner's contact information
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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
    194 Albert St East Lansing, MI 48823
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