You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET Estimated value $1,305,000
Strip malls

2398 Jolly Rd Okemos, MI 48864-6918

23,726 SF 24.79 ac lot Built 2001
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US43-0233474
Property summary
AI-generated overview

This exceptional 2,202 square foot retail space, located within the Okemos Point Plaza at 500 Okemos Road, presents a unique opportunity for a discerning business. Part of a Class A, single-story building constructed in 2001, this property boasts a total of 10,239 square feet and offers ample parking with 70 spaces. Currently vacant, the space is adaptable and ready for immediate occupancy. The landlord is willing to provide a "white box" build-out for a new tenant, making it ideal for a variety of businesses. The plaza enjoys a high-traffic location in a thriving commercial corridor, benefiting from excellent visibility and accessibility. Successful neighboring businesses include Tantay Grill, Juice Nation, Cancun Grill, Valley Wings, and Coast to Coast Cabinets, creating a synergistic environment. The property's strategic location near the I-96/Okemos Road exit and the Jackson National Life corporate offices ensures high foot traffic and convenient access for employees and customers. Additional nearby amenities include the new Sparrow Emergency Center and Joe's on Jolly Sports Bar. The property is zoned commercial and features a single building with one story. The APN is 33-02-02-33-353-020, and the submarket is Meridian. This is a rare opportunity to establish a business in a highly desirable and well-established commercial center.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2001
Total area 23,726 SF
Lot 24.79 ac (1,079,852 SF)
Zoning code C-2
APN 33-02-02-33-353-015
UPID US43-0233474
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
  • Cancun Mexican Grill Restaurant
  • Kumon Math and Reading Center of Okemos Training Center Tutoring Service
  • Hartrick Okemos Trail - Hulett Rd Trailhead Hiking Area
  • Hartrick Okemos Trail - Jolly Rd Trailhead Hiking Area
  • Valley Wings Okemos Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.52M
Blend (final) Blend
$1.31M
Owner & transaction history
2422 Jolly Building LLC · 3 yrs held
2422 Jolly Building LLC
since 2023
4 recorded transactions
2023
Price N/A
2018
Price N/A
2017
Price N/A
2017
Price N/A
Zoning & alternative use
C-2 · Okemos, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $1.9M +23.6%
Warehouse, storage $1.6M +2.1%
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2398 Jolly Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message