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    3165 Michigan Ave Lansing, MI 48912

    Sponsored
    For Lease
    $18 SF/Yr

    1,897 SF Retail Space Available Now

    Lot size:
    1,897 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1,897 square foot retail or service space is located on the first floor of SkyVue, a brand new, $90 million, nine-story mixed-use development in Ingham County's Frandor area. The space is a "white box," ready for immediate occupancy, and benefits from flexible lease terms and a negotiable tenant improvement package. The landlord is highly motivated to secure a tenant. The property enjoys excellent visibility along Michigan Avenue and convenient access to I-496 and US-127. This prime location is adjacent to the Frandor Shopping Center and within walking distance of Michigan State University, the ROCOE Project, and The Red Cedar Development Project, providing access to a large residential population exceeding 1,300 units. On-site, reserved parking is available for tenants and customers via a convenient street-level entrance and ramp. This space is perfect for a business seeking high visibility and convenient access to a thriving community. Join HOTWORX, a current co-tenant, in this dynamic new development. The building is a state-of-the-art mixed-use project with 359 housing units. This is a rare opportunity to establish a presence in a rapidly growing area.

    Property Features for 3165 Michigan Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,897 SF

    Building Details

    Stories
    9

    Unit(s) available at that property

    Space
    1
    Size
    1,897 SF
    Rate per SF
    $20

    HighLights

    • 1,897 SF of first‑floor retail/service space available.
    • Join co‑tenant HOTWORX in a new mixed‑use development.
    • Highly motivated landlord offering flexible lease terms, negotiable rent, and tenant improvement allowances.
    • White box space, ready for immediate occupancy.
    • Street‑level space with reserved parking and on‑site ramp parking.
    • Part of a $90 million, nine‑story mixed‑use project with 359 residential units.
    Property Profile Location Intelligence

    Current Use by Public Records

    SkyVue Apartment Rental Agency HOTWORX- East Lansing ... Fitness Center

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.5052589
    Latitude
    42.7344438

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    FAQs

    What type of property is this?
    Restaurant - 1,897 SF Retail Space Available Now
    Where is this restaurant located?
    The property is located at 3165 Michigan Ave Lansing, MI.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: 1,897 SF of first-floor retail/service space available.; Join co-tenant HOTWORX in a new mixed-use development.; Highly motivated landlord offering flexible lease terms, negotiable rent, and tenant improvement allowances.
    Request Owner's contact information
    3165 Michigan Ave Lansing, MI 48912
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    Lansing, MI 48912
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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
    3165 Michigan Ave Lansing, MI 48912
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