0 Chandler Rd East Lansing, MI 48823
This exceptional 7.308-acre site presents a rare development opportunity in the highly sought-after Northern Tier of East Lansing, Michigan. Located on Chandler Road, with the APN numbers 007-02; 005-02; & 006-02, this property boasts a prime location in close proximity to Michigan State University, capitalizing on the significant student population. The existing zoning is D – Development District with a Development Overlay, offering considerable flexibility for a variety of development projects. The site's substantial size, combined with its strategic location within a thriving area featuring over 3,000 student amenitized beds, makes it an ideal investment for developers seeking to capitalize on the strong demand for housing near MSU. The property includes a 5,760 square foot multifamily building and land, providing immediate potential for redevelopment or repurposing. With limited development sites remaining in this area, this presents a unique chance to secure a significant parcel of land in a high-growth market. This is a truly exceptional opportunity to create a landmark development in a vibrant and expanding university town. The property's strategic location and zoning make it an attractive investment for those seeking to build a profitable and impactful project. Don't miss this chance to acquire a piece of East Lansing's future.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.