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    Property profile & analytics
    OFF-MARKET Estimated value $1,165,000
    Retail space

    1331 Grand Riv Ave 9, East Lansing, MI 48823-6720

    10,626 SF 1.24 ac lot Built 1966
    Entity Owned 8-yr Hold ~ Est. High Equity
    Property ID
    US43-1161674
    Property summary
    AI-generated overview

    This exceptional 21,252 square foot office space, located at 1331 E. Grand River Ave in East Lansing, Michigan, presents a unique opportunity for businesses seeking a prominent location. Situated in a Class B building constructed in 1966, this single-tenant space offers a blend of classic charm and modern functionality. The property boasts two buildings, each two stories high, providing a total of 57 parking spaces for employees and clients. The 1.24-acre lot is zoned B2, reflecting its suitability for commercial use. The interior features large windows, allowing for abundant natural light, and includes up to nine private offices, a welcoming reception area, a convenient conference room, two entrances for easy access, and a practical kitchenette. This location is highly desirable, being adjacent to the popular Brookfield Plaza and within walking distance of numerous restaurants and shops. Its proximity to Michigan State University and its one-mile distance from the Michigan Athletic Club make it an attractive option for businesses catering to a student population or those seeking a vibrant, active community. The property's location within a densely populated student housing area ensures high visibility and accessibility. This is an excellent opportunity to establish a thriving business in a prime East Lansing location.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1966
    Total area 10,626 SF
    Lot 1.24 ac (54,014 SF)
    Zoning code B2
    APN 33-20-02-18-416-011
    UPID US43-1161674
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Brookfield Plaza Shopping Center & Mall
    • ATM Atm
    • Huntington Private Bank Financial Advisor
    • Mitten Raised Bakery Specialty Food Shop
    • Huntington Bank Bank Loan Service
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $1.13M
    Comparable Approach Comparable
    $1.09M
    Blend (final) Blend
    $1.17M
    Owner & transaction history
    Brookfield East Lansing LLC · 8 yrs held
    Brookfield East Lansing LLC
    since 2018
    4 recorded transactions
    2018
    1969
    1969
    1969
    Zoning & alternative use
    B2 · East Lansing, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Medical building $1.3M +55.4%
    Restaurant $1.2M +47.0%
    Commercial (general) $1.2M +44.0%
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