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    1705 Newman Rd Okemos, MI 48864-1157
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    Property profile & analytics

    1705 Newman Rd Okemos, MI 48864-1157


    • Outlet malls
    • 31,968 SF
    • 3.66 lot acres
    Off-Market
    Last Sale Jun 4, 2020
    Property ID
    US43-1431517
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $1,110,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Klingman's Furniture & Design - Okemos / Furniture & Home Goods / Home Decor Store

    Property Details for 1705 Newman Rd

    Year built
    2000
    Lot size
    3.66 lot acres
    Property size
    31,968 SF
    Zone code
    C-3
    Property type
    Outlet malls
    Property subtype
    Shopping centers
    APN
    33-02-02-22-251-015
    APU
    33020222251015

    Description

    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.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      ML approach
      $785,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,379,000
      Market price range: $1.38M - $3.74M
      AI Estimate
      $1,169,000
      Market price range: $1.09M - $3.40M

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Okemos
    County
    Ingham
    State
    Michigan
    Longitude
    -84.4113
    Latitude
    42.7222
    CBSA code
    29620
    CBSA name
    LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2019
    $68,337
    $558,800
    $522,100
    $1,080,900
    -
    $1,117,600
    $1,044,200
    $2,161,800
    More about this property
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