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    2020 Grand Riv Ave Okemos, MI 48864-1776
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    Property profile & analytics

    2020 Grand Riv Ave, Okemos, MI 48864-1776

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    • Commercial real estate
    • 119,182 SF
    • 9.68 lot acres
    Off-Market
    Property ID
    US43-3595718
    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
    $18,815,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Magnolia / Electronics & Wireless Store
    • FedEx ShipSite / Postal Service / Courier Service
    • Office Depot / (Bike/Boat/Book/etc) Store
    • Best Buy / Electronics & Wireless Store
    • Coinhub Bitcoin ATM Teller / Atm

    Property Details for 2020 Grand Riv Ave

    Year built
    1970
    Lot size
    9.68 lot acres
    Property type
    Commercial real estate
    APN
    33-02-02-21-226-015
    APU
    33020221226015

    Description

    This exceptional 46,462 square foot retail space is ideally situated at 2020 W Grand River Ave in Meridian Charter Township, Ingham County, Michigan, zip code 48864. The property boasts a prime location adjacent to major retailers such as Best Buy and Office Depot, ensuring high visibility and foot traffic. Its proximity to the Meridian Mall and only three miles from Michigan State University provides access to a large and diverse customer base. The single-tenant building offers ample on-site parking and multiple convenient points of ingress and egress, enhancing accessibility for both customers and employees. With over 20,000 vehicles passing daily on Grand River Avenue, this location benefits from strong traffic counts. Effective marketing is facilitated by large pylon and building signage opportunities. The property is surrounded by a vibrant retail environment, including well-established national brands like Taco Bell, Buddy's Pizza, Chick-fil-A, Walgreens, Meijer, Jimmy John's, Chipotle, Panera Bread, Pet Supplies Plus, Kroger, Target, Kohl's, The Home Depot, and Marshalls, creating a synergistic and attractive retail cluster. The property's APN is 33-02-02-21-226-015. This is a single-tenant storefront retail property. This presents a unique opportunity for a business seeking high visibility and a strong retail presence in a thriving Michigan market.


    Value Estimations

    based on Realmo’s proprietary methodology
    • CAP approach

      CAP Return
      Estimation
      6%
      $19,665,000
      6.5%
      $18,150,000
      7%
      $16,855,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $19,855,000
      Market price range: $628k - $26.8M
      AI Estimate
      $18,440,000
      Market price range: $2.97M - $28.5M
    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $13,615,000
      Current use
      OFFICE BUILDING
      $15,770,000
      Change: +16% Conversion: Easy
      MEDICAL BUILDING
      $14,690,000
      Change: +8% Conversion: Easy
      RESTAURANT
      $13,895,000
      Change: +2% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $11,995,000
      Change: -12% Conversion: Difficult

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


    Location Insight

    • Map
    • Local Demand
    City
    Okemos
    County
    Ingham
    State
    Michigan
    Longitude
    -84.4248
    Latitude
    42.7233
    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
    2022
    $136,343
    $2,740,800
    $2,888,800
    $5,629,600
    -
    $5,481,600
    $5,777,600
    $11,259,200
    More about this property
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