1664 Grand Riv Ave, Okemos, MI 48864-1892
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.
-
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
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-3 · 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.