1492 W Grand River Ave, Okemos, MI 48864
For Sale
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2019Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C-2 · Okemos, MIOkemos. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.