Property profile

1351 East Grand River Ave East Lansing, MI 48823

FOR SALE
Community centers
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Property ID
US43-1748487
37,698 SF 4.01 ac Built 1957
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

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,…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2019

What does the county charge?
$76k
Tax billed · 2019
Assessed value · 2023$1.40M
Assessed land$698k
Assessed improvement$704k
Effective rate5.44%

Value estimate

· Nov 2026
$985k
$887k – $1.08M
AI approach$985k
Submarket $/SF estimate$2.26M
NOI build-up
Gross scheduled income$19k
Vacancy & credit loss−$3k
Operating expenses−$5k
NOI · 17.00% cap applied$11k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$64/SF
County average, outlier-cleaned · 19 recorded sales of this use type
Observed band · Q1–Q3$38 – $90

Cap rate analysis

How does the asset earn?
17.00%
$11k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
B2
JurisdictionINGHAM

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office18.8
Building Supply14.3
Realty agency13.8

Location

1351 East Grand River Ave East Lansing, MI 48823
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

15 properties nearby
Recent sales nearby
No comparable recorded sale in this ZIP
No comparable recorded sale in this ZIP. Our records hold no sale here we could set beside this property for the last 8 years. They are neighbours, not transactions.
Comparable nearby
3 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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