1351 Grand River Ave East Lansing, MI 48823
- Community centers
- 37,698 SF
- 4.01 lot acres
Current Use by Public Records
- Community centers
Property Details for 1351 Grand River Ave
- Year built
- 1957
- Lot size
- 4.01 lot acres
- Property size
- 37,698 SF
- Zone code
- B2
- Property type
- Community centers
- APN
- 33-20-02-18-416-012
- APU
- 33200218416012
Description
This exceptional retail and office space, located at 1351 E Grand River Ave in East Lansing, Michigan, offers a unique opportunity for businesses seeking a vibrant and high-traffic location. The property, Brookfield Plaza, is a 38,000 square foot building with multiple tenancies, currently featuring a vacant space ranging from 1,894 to 5,682 square feet. The space is in a "white box" condition, providing flexibility for tenant build-out and customization. Situated on East Grand River Avenue, a major east-west retail corridor, this location boasts exceptional visibility and accessibility. Its proximity to Michigan State University's campus, coupled with its close proximity to over 10 apartment complexes and 6 fraternity houses, ensures a consistent flow of potential customers. The property benefits from strong co-tenancy, including established businesses such as Grand Traverse Pie Company, Peppino's, TOASTE, and Sultan's Mediterranean, with The Morning Post and D'Nulffos Seafood & Chophouse soon to join. The property is in Ingham County, Michigan, with a zip code of 48823, and is conveniently located near the intersection of East Grand River Avenue and Hagadorn Road. This is an ideal location for businesses seeking high visibility and a strong customer base in a thriving college town environment. The minimum divisible space is 1,894 square feet, making it suitable for a variety of businesses. This prime retail space presents a rare opportunity to establish or expand your business in a highly desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $985,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,010,000
- 6.5%
- $1,005,000
- 7%
- $1,055,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,005,000
- Geo Method
- $980,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,160,000
- Retail
- $1,005,000
- Mixed-Use
- $1,290,000
- Hospitality
- $1,120,000
- Educational
- $1,365,000
- Residential Income
- $1,255,000
- Energy
- $1,315,000
- Income-Based Land
- $1,090,000
- Food Service
- $1,235,000
Location Insight
- Map
- Local Demand
- City
- East Lansing
- County
- Ingham
- State
- Michigan
- Longitude
- -84.4635
- Latitude
- 42.7303
- CBSA code
- 29620
- CBSA name
- LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
