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Property profile & analytics
FOR SALE
Commercial land

3151 Coleman Rd East Lansing, MI 48823

19.7 ac lot
Entity Owned 14-yr Hold Free & Clear
Property ID
US43-2284365
Property summary
AI-generated overview

This exceptional 3.95-acre commercial land parcel, identified as Parcels A & B, presents a remarkable investment opportunity in East Lansing, Michigan. Strategically located at 3151 East Coleman Road, 48823, near the intersection of Coolidge and Coleman Roads, this property enjoys a prime position in Ingham County. The site is ideally situated for a variety of commercial and mixed-use developments, benefiting from its proximity to the planned Coleman Road extension, providing convenient access to Eastwood Towne Center. The property's zoning is R3 (Single-Family and Two-Family Residential) for Parcels A & B, offering flexibility for development. All utilities are readily available on-site, simplifying the construction process. The location boasts exceptional accessibility, with several thousand residential units within a one-mile radius, ensuring a strong potential customer base. Furthermore, the area offers convenient access to a range of amenities, including hotels and restaurants. This property is a short distance from the MSU Federal Credit Union headquarters, adding to its appeal and potential for future growth. The master plan envisions commercial and mixed-use development, making this a truly unique opportunity for investors seeking a high-growth potential location. This is a rare chance to acquire a substantial land parcel in a thriving East Lansing location with significant development potential.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 19.7 ac (857,958 SF)
Zoning code A
APN 19-20-50-36-300-010
UPID US43-2284365
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Maynard Properties Group LLC · 14 yrs held
Maynard Properties Group LLC
since 2012
2 recorded transactions
2012
$62,409
2006
Price N/A
Zoning & alternative use
A · East Lansing, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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