Property profile

1621 Haslett Rd Haslett, MI 48840

OFF-MARKET
Banks
Property ID
US43-1651147
1,619 SF 0.88 ac lot Built 1980
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

Introducing Haslett Village, a vibrant new mixed-use development in Meridian Charter Township, MI (zip code 48840), located at the hard corner of Marsh and Haslett Roads. This $63 million project offers over 25,000 square feet of retail and restaurant space, complemented by approximately 300 multi-family residential and senior housing units. The development boasts convenient parking, attractive neighborhood amenities including pickle-ball courts and walking trails, and enjoys high visibility due to its prime location. Spaces range from 1,500 to 14,000 square feet, offering flexible in-line, end-cap, and freestanding options. Restaurant suites include patio seating, and two drive-thru opportunities are available. A liquor license is also available. The property benefits from easy ingress/egress and direct visibility from the intersection. Located minutes from Michigan State University and major retailers like Meijer, Costco, Target, and Walmart, this development serves a highly affluent demographic with average household incomes exceeding $125,000. Pricing is $25-$30 per square foot per year, NNN, with an aggressive tenant improvement package available. This is an exceptional opportunity to establish a presence in a thriving, amenity-rich community.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1980
Total area 1,619 SF
Lot 0.88 ac (38,376 SF)
Zoning code C-2
APN 33-02-02-10-401-006
UPID US43-1651147

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1621 Haslett Rd Haslett, MI 48840-8438
Haslett metro Census 4801 LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$180k

Owner & transaction history

1 recorded transaction
1969
Price N/A

Zoning & alternative use

C-2 · Haslett, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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