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Property profile & analytics

1351 Grand River Ave East Lansing, MI 48823

  • Community centers
  • 37,698 SF
  • 4.01 lot acres
Value Estimations
$1,620,000
Cap Rate Potential
Location Intelligence
Property ID
US43-1748487
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

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 Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $985,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $2,264,000
    Market price range: $1.44M - $3.39M
    AI Estimate
    $1,616,000
    Market price range: $1.07M - $2.34M
  • Alternative Use

    Use
    Estimation
    NEIGHBORHOOD: SHOPPING CENTER
    $2,420,000
    Current use
    WAREHOUSE, STORAGE
    $2,470,000
    Change: +2% Conversion: Difficult

Get a detailed, property-specific valuation — fast and free


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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2019
$76,205
$698,000
$703,800
$1,401,800
-
$1,396,000
$1,407,600
$2,803,600
More about this property
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