Property profile

3381 Hulett Rd Okemos, MI 48864

FOR SALE
Commercial land
Property ID
US43-1408381
0.84 ac lot
Entity Owned 20-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 31,000 square foot commercial land parcel presents a unique investment opportunity in the thriving Okemos, Michigan market. Located at 3381 Hulett Rd, this property boasts excellent visibility and accessibility, with frontage on Hulett Road. Its strategic location offers convenient access to I-96, Okemos High School, and nearby interchange services, ensuring high traffic and visibility for any future development. The lot is serviced by Consumers Energy for electricity and gas, and the Lansing Board of Water & Light provides water services, simplifying the development process. This site presents a significant advantage for businesses seeking a prime location in a rapidly growing area. Furthermore, this property offers the potential for expansion, as it can be combined with Unit #11 in the adjacent Fountain Pointe Office/Warehouse park to create a larger 1.5-acre site, providing even greater development flexibility. This is an ideal location for a variety of commercial ventures, offering a blend of convenience, visibility, and growth potential. The asking price for this exceptional property is $157,000. Don't miss this chance to secure a prime piece of commercial real estate in Okemos, MI. The property is zoned for commercial use (verification of zoning with local authorities is recommended).

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.84 ac (36,590 SF)
Zoning code OW
APN 33-06-06-05-100-062
UPID US43-1408381

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3381 Hulett Rd Okemos, MI 48864
Okemos metro Census 5600 LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

since 2006
1 recorded transaction
2006
Price N/A

Zoning & alternative use

OW · Okemos, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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