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Property profile

16820 Chandler Rd East Lansing, MI 48823

FOR SALE
Retail residential properties
Property ID
US43-4230261
69,663 SF 3.98 ac lot Built 2018
Last sale Oct 2017
Individually Owned Owner of record is an individual. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Retail space is situated within a prominent three-story mixed-use student housing complex. The site is located near the Eastwood Town Center entertainment and shopping district, with convenient access to the US-127/I-69 interchange. The complex is approximately 1.75 miles north of Michigan State University’s campus, in an area with an estimated population and workforce of more than 178,800 within a 5-mile radius.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2020

What does the county charge?
$185k
Tax billed · 2020
Assessed value · 2024$3.84M
Assessed land$607k
Assessed improvement$3.23M
Effective rate4.83%

Value estimate

· Oct 2026
$7.58M
$6.82M – $8.34M
CAP approach$7.61M
Submarket $/SF estimate$7.56M
NOI build-up
Gross scheduled income$1.51M
Vacancy & credit loss−$98k
Operating expenses−$636k
NOI · 3.70% cap applied$777k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
3.70%
$777k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
DEVELOPMEN
JurisdictionCLINTON

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant17.6
Auto Repair Shop15.7
Building Supply14.7

Location

16820 Chandler Rd East Lansing, MI 48823
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 properties nearby
Recent sales nearby
No comparable recorded sale in this ZIP
No comparable recorded sale in this ZIP. Our records hold no sale here we could set beside this property for the last 8 years. They are neighbours, not transactions.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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