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Property profile & analytics
FOR LEASE
Strip malls

1754 Central Park Dr Okemos, MI 48864

18,800 SF 3.98 ac lot Built 1996
Entity Owned 9-yr Hold ~ Est. High Equity
Property ID
US43-0907511
Property summary
AI-generated overview

This exceptional investment opportunity presents three available suites within a thriving 18,800-square-foot retail strip center located at 1754 Central Park Drive in Okemos, Michigan, within Ingham County. The property is classified as both retail and office space, specifically offering executive office suites. The building features a multi-tenant occupancy, with a total of three suites. Currently, there are 4,100 square feet of vacant space available for lease. Individual suites range in size, with a minimum divisible space of 1,200 square feet and a maximum contiguous space of 1,500 square feet. This prime location in Meridian Charter Township, Michigan, offers excellent visibility and accessibility, making it an ideal space for businesses seeking a prominent presence in a bustling commercial area. The property's zip code is 48864. This is a fantastic opportunity to secure office space in a well-established retail center, benefiting from the existing foot traffic and convenient location. The property's address is 1754 Central Park Drive. Interested parties should inquire about lease terms and availability.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1996
Total area 18,800 SF
Lot 3.98 ac (173,325 SF)
Zoning code CS
APN 33-02-02-15-400-024
UPID US43-0907511
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
  • Thai Princess Restaurant
  • Saddleback BBQ Okemos Restaurant
  • ATM Atm
  • Professional Ergonomics & Therapy Services Medical Clinic
  • Y.R.Beaauty Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.69M
Blend (final) Blend
$1.51M
Owner & transaction history
Hannawa Holdings Auburn LLC · 9 yrs held
Hannawa Holdings Auburn LLC
since 2017
4 recorded transactions
2024
Price N/A
2017
Price N/A
2015
$6.5M
2006
Price N/A
Zoning & alternative use
CS · Okemos, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $2.5M +106.2%
Medical building $2.3M +92.1%
Restaurant $2.2M +81.7%
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