Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    East Lansing Retail Center Space Title is generated by Realmo AI

    4750 - 4790 Hagadorn Rd, East Lansing, MI 48823

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Retail center near Michigan State University with ample opportunities.

    Type:Retail
    Added:
    Dec 1, 2020
    Days on Market:
    2012
    Last Refresh:
    May 13 at 8:11 pm

    Property Features for 4750 - 4790 Hagadorn Rd

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Spaces For Lease

    at 4750 - 4790 Hagadorn Rd Contact us

    4750: 80 $16/Mo

    Size
    2,400 SF
    Type
    Retail
    Contact us

    4790: 137 $16/Mo

    Size
    6,207 SF
    Type
    Retail
    Endcap suite, formerly occupied by Gourmet Village
    Contact us

    We can help!

    Listing Contact
    Shawn O'Brien
    Shawn O'Brien

    Listing agent Shawn O'Brien License #MI 6502358107

    Listing office Colliers - Grand Rapids, Michigan

    Listing date Dec 1, 2020

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Grand Rapids, Michigan

    HighLights

    • Prime location in the heart of East Lansing and Michigan State University
    • Walking distance to Michigan State University
    • High foot traffic from students, alumni, and event‑goers
    • Proximity to Michigan Athletic Club
    • Close to Suburban Ice East Lansing
    • Near Sparrow Health Science Pavilion

    Overview

    Hannah Plaza is a retail center located in East Lansing, near Michigan State University. The property is within walking distance of Michigan State University, the Michigan Athletic Club, Suburban Ice East Lansing, and Sparrow Health Science Pavilion. The center is frequented by students, alumni, and event attendees, offering opportunities for shopping, restaurants, and recreation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Elite Dance Company Training Center Royal Pot Restaurant Sree Saffron Restaurant Chapelure Bakery Hannah Plaza Business Service Center

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • East Oak Sq — 2843 E Grand River Ave, East Lansing, MI 48823
    • Hannah Plaza — 4750 Hagadorn Rd, East Lansing, MI 48823

    Location Insight

    • Map
    • Local Demand
    City
    East Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.462039
    Latitude
    42.720558

    Nearby Similar for Lease

    • $2,500/Mo

      East Lansing Commercial Space Available

      Commercial space for rent in East Lansing, Michigan.
      549 E Grand River Avenue, East Lansing, MI 48823
      View Details
    • $129-$2,716/Mo
      11-1,292 SF

      MI, East Lansing - Grand River center

      333 Grand River Ave, East Lansing, MI 48823
      View Details
    • Sponsored
      $129-$4,226/Mo
      11-1,292 SF

      MI, East Lansing – Lake Lansing

      1760 Abbey Rd, Unit 2ND, East Lansing, MI 48823
      View Details
    • $10 SF/Yr
      10,670 SF

      East Lansing Office Space Available

      Affordable office space directly across from MSU campus.
      507 1/2 E Grand River Avenue, East Lansing, MI 48823
      View Details
    • $33 SF/Yr
      850 SF

      East Lansing Retail Space Available

      Retail space in a prime East Lansing location.
      203 Mac Ave, East Lansing, MI 48823
      View Details
    • $15 SF/Yr
      7,500 SF

      East Lansing Office Suites Available

      Office suites for rent in East Lansing's business district.
      315 W Lake Lansing Rd, East Lansing, MI 48823
      View Details
    • Contact for pricing

      Retail Space in Mixed-Use Complex

      Retail space for lease near Eastwood Town Center and MSU.
      16820 Chandler Rd, East Lansing, MI, 48823
      View Details
    • $10 SF/Yr

      East Lansing Office Space Available

      Office space in the heart of downtown East Lansing.
      231 M. A. C. Avenue, East Lansing, MI 48823
      View Details
    • $15 SF/Yr
      22,722 SF

      East Lansing Office Space Available

      22,722 SF office space for rent in East Lansing.
      830 W Lake Lansing Rd, East Lansing, MI
      View Details
    • Contact for pricing
      1,174 SF

      Retail Space Near MSU Campus

      Retail space in a 3-tenant building across from MSU.
      1105 East Grand River Avenue, East Lansing, MI
      View Details
    • Contact for pricing
      2,598 SF

      Retail Space Near Michigan State

      Retail space with drive-up window near Michigan State University.
      1034 Trowbridge Road, East Lansing, MI
      View Details
    • Contact for pricing
      7,000 SF

      Retail Building Near MSU Campus

      Freestanding retail building with high foot traffic near MSU.
      1109 East Grand River Ave, East Lansing, MI
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail center near Michigan State University with ample opportunities.
    Where is this shopping center located?
    The property is located at 4750 - 4790 Hagadorn Rd East Lansing, MI.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: Prime location in the heart of East Lansing and Michigan State University; Walking distance to Michigan State University; High foot traffic from students, alumni, and event‑goers
    (517) 662-3535 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Shawn O'Brien
    Shawn O'Brien
    Real Estate License ID: MI 6502358107
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4750 - 4790 Hagadorn Rd, East Lansing, MI 48823
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!