947 Trowbridge Rd East Lansing, MI 48823
- Retail space
- 1,750 SF
- 0.51 lot acres
Current Use by Public Records
- BIGGBY Coffee / Coffee Shop
Property Details for 947 Trowbridge Rd
- Year built
- 1968
- Lot size
- 0.51 lot acres
- Property size
- 1,750 SF
- Zone code
- B2
- Property type
- Retail space
- APN
- 33-20-01-24-123-007
- APU
- 33200124123007
Description
This exceptional 2,500 square foot retail storefront at 947 Trowbridge Road in East Lansing, Michigan, presents a unique investment opportunity. Currently, 1,250 square feet is available for lease within this single-tenant building (APN: 33-20-01-24-123-007). The property boasts excellent visibility and significant frontage on a major roadway leading directly to the Michigan State University campus, ensuring high foot traffic and brand exposure. Its strategic location directly across the street from a newly constructed grocery-anchored shopping center provides a synergistic retail environment and increased customer draw. A successful Biggby Coffee currently operates as a co-tenant, further enhancing the property's appeal and attracting a diverse customer base. The property's 48823 zip code places it in the heart of a vibrant and densely populated area, ideal for a variety of retail businesses seeking a prime location with strong visibility and established neighboring businesses. The available space offers significant potential for a business seeking to establish a presence in this thriving East Lansing market. The total building size is 2,500 square feet.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $320,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $445,000
- 6.5%
- $425,000
- 7%
- $400,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $470,000
- Geo Method
- $410,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $375,000
- Retail
- $380,000
- Mixed-Use
- $390,000
- Hospitality
- $355,000
- Educational
- $375,000
- Residential Income
- $370,000
- Energy
- $395,000
- Income-Based Land
- $460,000
- Food Service
- $420,000
Location Insight
- Map
- Local Demand
- City
- East Lansing
- County
- Ingham
- State
- Michigan
- Longitude
- -84.4951
- Latitude
- 42.7195
- CBSA code
- 29620
- CBSA name
- LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA