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    FOR SALE
    Retail space

    1492 W Grand River Ave, Okemos, MI 48864

    2,288 SF 0.61 ac lot Built 1955
    Entity Owned 7-yr Hold ~ Est. High Equity
    Property ID
    US43-0078808
    1492 W Grand River Ave, Okemos, MI 48864 For Sale
    $1,350,000 2,288 SF
    1492 W Grand River Ave, Okemos, MI 48864
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    Property summary
    AI-generated overview

    This exceptional 5.53-acre commercial land parcel presents a remarkable opportunity for development in the thriving Okemos, Michigan market. Located at 1492 W Grand River Ave, Meridian Charter Township, Ingham County, MI 48864 (APN 33-02-02-23-301-013), this property boasts excellent visibility and frontage on Grand River Avenue. The permitted Commercial zoning allows for a variety of development options, including retail, freestanding buildings, or mixed-use projects. The existing 1,948 square foot building on the site offers potential for adaptive reuse or demolition to accommodate a new development. This prime location in Okemos offers easy access to major roadways and a strong customer base. The asking price for this exceptional development opportunity is $1,350,000. This 5.53-acre site presents a unique chance to capitalize on the growing demand for commercial space in this desirable area. Serious inquiries are encouraged to explore the full potential of this significant property. The property's strategic location and ample acreage make it an ideal investment for developers seeking a high-impact project in a thriving community. Don't miss this chance to acquire a premier commercial land parcel in a highly sought-after location.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1955
    Total area 2,288 SF
    Lot 0.61 ac (26,572 SF)
    Zoning code C-2
    APN 33-02-02-23-301-004
    UPID US43-0078808
    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
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Lag Wixom LLC · 7 yrs held
    Lag Wixom LLC
    since 2018
    2 recorded transactions
    2018
    2007
    $400,000
    Zoning & alternative use
    C-2 · Okemos, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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