Financial
Distress signals
Property profile

1850 W Grand River Ave Okemos, MI 48864

FOR LEASE
Strip malls
Property ID
US43-1570435
21,168 SF 2.62 ac lot Built 1972
Last sale Jan 2026
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property consists of retail and light industrial suites within the Grand Center shopping center in Okemos at 1850 W Grand River Ave, immediately east of the Meridian Mall. Suites range in size from 2,000 to 5,740 square feet and are arranged to support both street-oriented retail and functional light industrial use. The retail spaces provide street-facing frontage along Grand River Ave with pylon signage and are served by on-site parking. The light industrial building is positioned directly…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2019

What does the county charge?
$56k
Tax billed · 2019
Assessed value · 2023$1.43M
Assessed land$570k
Assessed improvement$862k
Effective rate3.94%

Value estimate

· Sep 2026
$725k
$653k – $798k
Submarket $/SF estimate$1.90M
NOI build-up
Gross scheduled income$203k
Vacancy & credit loss−$21k
Operating expenses−$64k
NOI · 698,511.76% cap applied$119k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$64/SF
County average, outlier-cleaned · 19 recorded sales of this use type
Observed band · Q1–Q3$38 – $90

Cap rate analysis

How does the asset earn?
698,511.76%
$119k 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?
C-2
JurisdictionINGHAM

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency12.8
Electrical Service10.0
Parking Facility9.7

Location

1850 W Grand River Ave Okemos, MI 48864
County assessor Recorded deeds · 1 transfer 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

16 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?”
More about this property
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