0 State Rd East Lansing, MI 48823
This exceptional 7.1-acre parcel presents a remarkable multi-family development opportunity in East Lansing, Michigan. Strategically located at the northwest quadrant of East State Road and US-127, this cleared site boasts significant frontage: 1,162 feet along US-127 and 551 feet along East State Road. The property's M4 (Dewitt Township) zoning specifically permits multi-family construction, making it ideal for a high-density residential project. Its prime location offers unparalleled access to major thoroughfares, including US-127 and I-69, ensuring convenient commutes for residents. The site's proximity to established commercial centers like the MSU Federal Credit Union headquarters and Eastwood Towne Center, along with numerous retail giants such as Dick's Sporting Goods, Sam's Club, NCG Cinema, Walmart, Meijer, and Kroger, further enhances its appeal and potential for strong rental demand. Water and sewer utilities are conveniently located at the intersection of East State Road and Coolidge Road, simplifying infrastructure connections. The asking price is $299,000, and the APN is 19-20-50-26-400-026. This is a rare chance to acquire a ready-to-develop site in a high-growth area with exceptional visibility and accessibility.
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.