2655 Grand Riv Ave East Lansing, MI 48823-5617
- Retail space
- 26,714 SF
- 3.50 lot acres
Current Use by Public Records
- Foods For Living / Natural Goods Store / Health Food Store
- Crunch Fitness - East Lansing / Physical Fitness Program / Gym
Property Details for 2655 Grand Riv Ave
- Year built
- 2001
- Lot size
- 3.50 lot acres
- Property size
- 26,714 SF
- Zone code
- C-2
- Property type
- Retail space
- APN
- 33-02-02-20-205-019
- APU
- 33020220205019
Description
Meridian Point, located at 2655 E Grand River Ave, East Lansing, MI 48823, presents a prime retail opportunity. This single-story, 2001-built shopping center offers a total of 15,000 square feet of vacant space, with a maximum contiguous space of 10,723 square feet. The property boasts a highly visible location on Grand River Ave, near the intersection of Grand River Ave and a cross street. Its strategic position directly east of the Michigan State University campus ensures high foot traffic and visibility. The center benefits from its proximity to established businesses such as Crunch Fitness and Foods for Living, further enhancing its appeal and drawing in a consistent customer base. The location also enjoys the added advantage of being near other popular retailers including Whole Foods and the new Trader Joe's, creating a synergistic retail environment. This multiple-tenancy shopping center offers an excellent chance to establish or expand a retail business in a thriving, high-demand area. The property consists of one building and provides ample space for a variety of retail uses. Interested parties should note the significant vacant space available, making it ideal for a large-scale retailer or multiple smaller tenants. This is a unique opportunity to secure a prominent retail presence in a dynamic East Lansing location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $850,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $885,000
- 6.5%
- $1,000,000
- 7%
- $910,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $885,000
- Geo Method
- $900,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $885,000
- Retail
- $1,045,000
- Mixed-Use
- $1,090,000
- Hospitality
- $1,025,000
- Educational
- $905,000
- Residential Income
- $1,045,000
- Energy
- $1,115,000
- Income-Based Land
- $1,020,000
- Food Service
- $1,150,000
Location Insight
- Map
- Local Demand
- City
- East Lansing
- County
- Ingham
- State
- Michigan
- Longitude
- -84.4476
- Latitude
- 42.7243
- CBSA code
- 29620
- CBSA name
- LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
