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    Property profile & analytics
    OFF-MARKET Estimated value $885,000
    Retail space

    1664 Grand Riv Ave, Okemos, MI 48864-1892

    11,068 SF 1.86 ac lot Built 1998
    Entity Owned 1-yr Hold Absentee Owner Free & Clear
    Property ID
    US43-1047656
    Property summary
    AI-generated overview

    This exceptional 11,180-square-foot freestanding retail building presents a unique investment or owner-user opportunity. Located at 1664 W Grand River Ave in Meridian Charter Township, Michigan (48864), this vacant property boasts a desirable C3 zoning and sits on a spacious 1.86-acre lot (81,022 square feet). Built in 1998, the building features a convenient drive-through window, ideal for various retail uses. Its strategic location on a signalized hard corner offers exceptional visibility and accessibility. The property benefits from a strong demographic profile, with over 85,000 people residing within a 5-mile radius and an average household income exceeding $105,000 within just 1 mile. Furthermore, the area boasts over 2.6 million square feet of retail space within a 1-mile radius, indicating a thriving commercial environment. The presence of major employers like Michigan State University, Sparrow Hospital, and General Motors' Lansing Grand River Plant ensures a stable and robust local economy. This property is offered fee simple and presents a compelling opportunity for businesses seeking a high-visibility location in a densely populated and affluent area. The parcel number is 22-401-009. This is a former Rite Aid pharmacy.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1998
    Total area 11,068 SF
    Lot 1.86 ac (81,196 SF)
    Zoning code C-3
    APN 33-02-02-22-401-009
    UPID US43-1047656
    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
    Current use
    Occupant on record · Public records
    • CDReload - Online Bitcoin ATM Crypto Atm Atm
    • higi Physician
    • Rite Aid Pharmacy
    • Rite Aid Photo (Bike/Boat/Book/etc) Store
    • Western Union Bank Credit Union
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $620k
    CAP Approach CAP
    $1.18M
    Comparable Approach Comparable
    $942k
    Blend (final) Blend
    $885k
    Owner & transaction history
    Mack & Connor Associates LLC · 1 yrs held
    Mack & Connor Associates LLC
    since 2025
    2 recorded transactions
    2025
    2007
    Zoning & alternative use
    C-3 · Okemos, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $1.5M +66.8%
    Medical building $1.4M +55.4%
    Restaurant $1.3M +47.0%
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