0 Coolidge & Coleman Rds East Lansing, MI 48823
This exceptional 19.7-acre parcel, known as Coleman Corners Parcel C, presents a remarkable investment opportunity in East Lansing, Michigan. Located at the intersection of Coolidge and Coleman Roads, this property is strategically positioned for a variety of commercial and mixed-use developments. Currently zoned Agricultural (A), it benefits from a master plan designating it for commercial/mixed-use development, aligning perfectly with the area's growth trajectory. The site enjoys convenient access to all necessary utilities. Its proximity to the extension of Coleman Road promises enhanced connectivity to the Eastwood Towne Center, a significant regional shopping destination. Furthermore, the location boasts exceptional accessibility to a wide array of amenities, including hotels and restaurants, and is situated just a quarter-mile southeast of the MSU Federal Credit Union headquarters. The surrounding area is densely populated, with several thousand residential units within a one-mile radius, ensuring a robust potential customer base. This prime location, coupled with its substantial size and flexible zoning potential, makes Coleman Corners Parcel C an ideal investment for developers seeking a high-impact project in a thriving Michigan community. The asking price for this significant land parcel is $2,300,000. The property's zip code is 48823, and it's situated in Ingham County. Adjacent parcels are zoned for residential and business uses.
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.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.