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    1510 Grand Riv Ave Meridian charter Township, MI 48864

    • Commercial real estate
    • 1,469 SF
    • 8.95 lot acres
    For Sale
    View listing
    $2,250,000
    Value Estimation
    Location Intelligence
    Property ID
    US43-1874749
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1510 Grand Riv Ave

    Year built
    1924
    Lot size
    8.95 lot acres
    Property size
    1,469 SF
    Zone code
    C-2
    Property type
    Commercial real estate
    APN
    33-02-02-22-426-008
    APU
    33020222426008

    Description

    This exceptional 9.05-acre commercial land parcel presents a remarkable investment opportunity in the thriving Okemos, Michigan market. Located at 1510 & 1560 Grand River Avenue in Meridian Charter Township, Ingham County, this property boasts an enviable location with excellent frontage on a major thoroughfare. The site comprises two parcels, strategically positioned to capitalize on the high traffic volume of approximately 15,400 cars per day. Its Commercial zoning allows for a diverse range of development possibilities, making it ideal for a variety of projects. Potential uses include restaurants, strip shopping centers, and multifamily residential developments, catering to the growing demand in this desirable area. The property's expansive size and prime location offer significant potential for substantial returns. With its strategic positioning and flexible zoning, this 9.05-acre site is poised for significant development and represents a compelling investment opportunity in a vibrant and expanding market. The asking price for this exceptional property is $2,250,000. The property's address is 1510 & 1560 Grand River Ave., Okemos, MI 48864, and its zip code is 48864.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $375,000

    • CAP approach

      CAP return
      Estimation
      6%
      $420,000
      6.5%
      $420,000
      7%
      $395,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $370,000
      Geo Method
      $400,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $365,000
      Retail
      $340,000
      Mixed-Use
      $365,000
      Hospitality
      $390,000
      Educational
      $345,000
      Residential Income
      $450,000
      Energy
      $330,000
      Income-Based Land
      $360,000
      Food Service
      $345,000

    Location Insight

    • Map
    • Local Demand
    City
    Okemos
    County
    Ingham
    State
    Michigan
    Longitude
    -84.4035
    Latitude
    42.7173
    CBSA code
    29620
    CBSA name
    LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $17,577
    $251,700
    $0.00
    $251,700
    -
    $503,400
    $0.00
    $503,400

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    Meridian charter Township, MI 48864
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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