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Property profile & analytics
FOR LEASE
Community centers

1351 E Grand River Ave East Lansing, MI 48823

37,698 SF 4.01 ac lot Built 1957
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US43-1748487
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Community centers
Use group MINI-MALL
Year built 1957
Total area 37,698 SF
Lot 4.01 ac (174,501 SF)
Zoning code B2
APN 33-20-02-18-416-012
UPID US43-1748487
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$985k
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.26M
Blend (final) Blend
$1.62M
Owner & transaction history
Brookfield East Lansing LLC · 8 yrs held
Brookfield East Lansing LLC
since 2018
2 recorded transactions
2018
Price N/A
2009
Price N/A
Zoning & alternative use
B2 · East Lansing, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage $2.5M +2.1%
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