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Property profile & analytics
OFF-MARKET Estimated value $620,000
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 Atm Crypto 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
$620k
Owner & transaction history
Mack & Connor Associates LLC · 1 yrs held
Mack & Connor Associates LLC
since 2025
2 recorded transactions
2025
Price N/A
2007
Price N/A
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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