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    1351 Grand River Ave East Lansing, MI 48823

    Sponsored
    For Lease
    $18 SF/Yr

    Prime Retail/Office Space, MSU Area

    Lot size:
    38,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail and office space, located at 1351 E Grand River Ave in East Lansing, Michigan, offers a unique opportunity for businesses seeking a vibrant and high-traffic location. The property, Brookfield Plaza, is a 38,000 square foot building with multiple tenancies, currently featuring a vacant space ranging from 1,894 to 5,682 square feet. The space is in a "white box" condition, providing flexibility for tenant build-out and customization. Situated on East Grand River Avenue, a major east-west retail corridor, this location boasts exceptional visibility and accessibility. Its proximity to Michigan State University's campus, coupled with its close proximity to over 10 apartment complexes and 6 fraternity houses, ensures a consistent flow of potential customers. The property benefits from strong co-tenancy, including established businesses such as Grand Traverse Pie Company, Peppino's, TOASTE, and Sultan's Mediterranean, with The Morning Post and D'Nulffos Seafood & Chophouse soon to join. The property is in Ingham County, Michigan, with a zip code of 48823, and is conveniently located near the intersection of East Grand River Avenue and Hagadorn Road. This is an ideal location for businesses seeking high visibility and a strong customer base in a thriving college town environment. The minimum divisible space is 1,894 square feet, making it suitable for a variety of businesses. This prime retail space presents a rare opportunity to establish or expand your business in a highly desirable location.

    Property Features for 1351 Grand River Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    38,000 SF
    Total Rate
    57000

    Unit(s) available at that property

    Space
    Former Rite Aid
    Size
    5,682 SF
    Rate per SF
    $20
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    East Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.4634768
    Latitude
    42.7303777

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Retail/Office Space, MSU Area
    Where is this office property / space located?
    The property is located at 1351 Grand River Ave East Lansing, MI.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    Request Owner's contact information
    1351 Grand River Ave 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
    1351 Grand River Ave East Lansing, MI 48823
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