2447-2463 Lake Lansing Rd East Lansing, MI 48823
This exceptional commercial land offering presents a unique investment opportunity in the thriving East Lansing market. Located at 2447-2463 E. Lake Lansing Rd, East Lansing, MI 48823, this property boasts a highly desirable location, situated at the corner of Saginaw Highway (M-78) and East Lake Lansing Road. The site offers excellent visibility and accessibility, with frontage along both major thoroughfares. Multiple lot sizes are available, ranging from 1.59 to 8.63 acres, providing flexibility for various development projects. The property is zoned B2 and B4, allowing for a wide range of commercial uses. This prime location benefits from its proximity to a number of established businesses, including Costco, Rite Aid, Fiesta Charra, Meijer, MSUFCU, Speedway, McDonald's, Taco Bell, and Ace Hardware, ensuring high traffic volume and strong consumer presence. The asking price is $1,075,000. Individual lot pricing is available upon request. This is an exceptional opportunity to acquire a strategically located commercial parcel in a rapidly growing area with significant potential for future development and strong return on investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.