1045-1047 Grand River Ave East Lansing, MI 48823
- Retail properties
- 3,179 SF
- 0.18 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1045-1047 Grand River Ave
- Year built
- 1941
- Lot size
- 0.18 lot acres
- Property size
- 3,179 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This exceptional redevelopment opportunity encompasses two buildings totaling 3,179 square feet situated on a 0.184-acre lot in East Lansing, Michigan. Located at 1045-1047 E. Grand River, this high-profile site is a mere four-minute walk from Michigan State University, placing it within East Lansing's most active retail area. The property, built in 1941 and renovated in 1968, features a Class C designation and boasts B2 zoning, permitting retail sales businesses. With two single-story buildings, the property presents significant potential for various uses, including medical offices and retail spaces. The site benefits from the proximity to Michigan State University's substantial student population (over 63,000 students in 27 residence halls) and its 12,000+ employees, along with the 48,000 residents of East Lansing, creating a robust and consistent demand for retail and service businesses. The property's APN is 33-20-02-18-405-009 & 33-20-02-18-405-010. The asking price for this prime redevelopment opportunity is $589,900. This presents a unique chance to capitalize on a thriving market and create a successful venture in a highly desirable location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- East Lansing
- County
- Ingham
- State
- Michigan
- Longitude
- -84.4699
- Latitude
- 42.7316
