300 Frandor Ave, Lansing, MI 48912
- Strip malls
- 63,461 SF
- 32.00 lot acres
Current Use by Public Records
- Corr Commercial Real Estate / Real Estate Agency
- Frandor Shopping Center / Shopping Center & Mall
- Bank of America ATM (Drive-thru) / Atm / Financial Consultant
- FedEx Drop Box / Postal Service / Courier Service
- Bank of America (with Drive-thru ATM) / Bank / Loan Service
Property Details for 300 Frandor Ave
- Year built
- 1998
- Lot size
- 32.00 lot acres
- Zone code
- F COMM
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 33-01-01-14-226-015
- APU
- 33010114226015
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Aug 11, 2025 | — | Lansing Retail Center L L C | — | Deed · related | $40M · American General Life Insurance Company |
| — | — | Lansing Retail Center LLC | — | Deed Of Trust · related | $40.5M · Barclays Bk/plc |
Description
This exceptional opportunity presents three available retail spaces within the renowned Frandor Shopping Center, located at 300 Frandor Ave, Lansing, MI 48912. Situated in Ingham County, this Class B property offers a range of sizes, from 1,300 square feet to 11,060 square feet, catering to diverse business needs. The property is classified as Retail and Office, with a subtype of Traditional Office, Shopping Center, and Storefront. Multiple tenancies are available. Frandor Shopping Center enjoys a highly desirable location, strategically positioned near major thoroughfares including US-127, the intersection of Saginaw Street and Grand River Avenue, and Michigan Avenue. Established in 1955, this shopping center holds a significant place in Lansing's retail history and remains one of the city's busiest, benefiting from its proximity to Michigan State University, with its substantial student population of 50,543. This presents a unique chance to establish or expand a business within a well-established and thriving retail environment. The property's prime location and strong historical presence make it an attractive investment for businesses seeking high visibility and foot traffic.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $5,704,000
- AI Estimate
- $3,949,000
Market price range: $2.43M - $5.70MMarket price range: $1.64M - $3.95M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $4,070,000 Current use
- RESTAURANT
- $5,535,000 Change: +36% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $5,415,000 Change: +33% Conversion: Difficult
- MEDICAL BUILDING
- $5,395,000 Change: +33% Conversion: Difficult
- OFFICE BUILDING
- $5,235,000 Change: +29% Conversion: Moderate
- RETAIL STORES
- $4,530,000 Change: +11% Conversion: Easy
- INDUSTRIAL (GENERAL)
- $3,980,000 Change: -2% Conversion: Difficult
- WAREHOUSE, STORAGE
- $3,690,000 Change: -9% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Lansing
- County
- Ingham
- State
- Michigan
- Longitude
- -84.5064
- Latitude
- 42.7381
- CBSA code
- 29620
- CBSA name
- LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
