1705 Newman Rd Okemos, MI 48864-1157
This exceptional 32,304 square foot retail property, located at 1705 Newman Rd in Okemos, Michigan, presents a unique investment opportunity. The single-tenant building sits on a substantial 3.66-acre lot, offering ample space for redevelopment or expansion. Currently vacant, this property provides a blank canvas for a wide range of retail uses. Its strategic location in Okemos, within Ingham County, ensures high visibility and accessibility for potential tenants. The property is zoned C-3, allowing for a variety of commercial ventures. The building's substantial size, combined with its prime location and flexible zoning, makes it an ideal candidate for a variety of retail concepts. This is a rare opportunity to acquire a large, vacant retail space in a thriving Michigan community. The property's significant size and prominent location offer exceptional potential for a business seeking a high-impact presence in the Okemos market. With its ample parking and convenient access, this property is poised for success. The 3.66-acre lot provides significant room for expansion or future development, adding to its long-term value. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The property's address is 1705 Newman Rd, Okemos, MI 48864.
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Klingman's Furniture & Design - Okemos Furniture & Home Goods Home Decor Store
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, MICosts & 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.