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    408-426 Elmwood Dr Lansing, MI 48917

    Sponsored
    For Lease
    $12 SF/Yr ($11,120 /Mo)

    Prime Lansing storefront, multiple suites available.

    Lot size:
    11,120 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Granger Mall in Lansing, Michigan, offers a fantastic retail opportunity with immediate occupancy. This property, located at 408-426 Elmwood Dr, Lansing, MI 48917, is a single-building retail center totaling 11,120 square feet. Currently, there are three available storefront spaces ranging in size from 500 to 3,300 square feet, providing flexibility for various retail concepts. A total of 3,300 square feet is currently vacant and ready for immediate use. The building features on-site parking for the convenience of both tenants and customers. This prime location in Ingham County offers excellent visibility and accessibility, making it an ideal spot for businesses seeking high foot traffic. The property is classified as a multi-tenant retail storefront, presenting a unique chance to establish a presence in a well-established shopping center. The available space is perfect for businesses needing immediate occupancy and looking for a flexible layout to suit their needs. Don't miss this opportunity to secure your space in this thriving Lansing retail center.

    Property Features for 408-426 Elmwood Dr

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,120 SF
    Total Rate
    11120

    Unit(s) available at that property

    Space
    Suite 410
    Size
    3,300 SF
    Rate per SF
    $12
    Space
    Suite 420
    Size
    500 SF
    Rate per SF
    $12
    Space
    Suite 422
    Size
    1,430 SF
    Rate per SF
    $12

    HighLights

    • High‑traffic location near Meijer, Lansing Mall, and other major retailers.
    • Excellent visibility on a busy thoroughfare.
    • Available immediately.
    • Professionally managed building.
    • Attractively priced for retail or office use.
    • Recently renovated exterior.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.6210306
    Latitude
    42.7377876

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    FAQs

    What type of property is this?
    Individual retail property - Prime Lansing storefront, multiple suites available.
    Where is this individual retail property located?
    The property is located at 408-426 Elmwood Dr Lansing, MI.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: High-traffic location near Meijer, Lansing Mall, and other major retailers.; Excellent visibility on a busy thoroughfare.; Available immediately.
    Request Owner's contact information
    408-426 Elmwood Dr Lansing, MI 48917
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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
    408-426 Elmwood Dr Lansing, MI 48917
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