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    4738 Central Park Dr Okemos, MI 48864-1971

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    Property profile & analytics

    4738 Central Park Dr Okemos, MI 48864-1971


    • Strip malls
    • 12,065 SF
    • 1.73 lot acres
    Off-Market
    Property ID
    US43-1873115
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $1,000,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Bank of America ATM (Drive-thru) / Atm
    • Moka & Co / Cafe & Coffee Shop
    • Bank of America (with Drive-thru ATM) / Bank / Loan Service
    • President Tuxedo / (Bike/Boat/Book/etc) Store / Clothing & Fashion Store
    • Beyond A Dream, LLC / Alternative Medicine Practice / Spa & Massage Center

    Property Details for 4738 Central Park Dr

    Year built
    2001
    Lot size
    1.73 lot acres
    Property size
    12,065 SF
    Zone code
    C-2
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    33-02-02-22-401-012
    APU
    33020222401012

    Description

    Okemos Plaza, located at 4738 Central Park Dr in Meridian Charter Township, MI 48864, offers a fantastic retail opportunity. This high-occupancy shopping center boasts a total of 19,168 square feet across two buildings, situated on 3 acres of land. The property features 200 parking spaces and benefits from a highly visible location at a signalized corner on Grand River Avenue. Currently, there is 2,250 square feet of vacant retail space available, with a minimum divisible space of 2,250 square feet. The building was constructed in 2001 and is zoned for commercial use. The property consists of eight total suites, providing flexibility for various retail businesses. This prime location offers excellent visibility and accessibility, making it an ideal space for businesses seeking high foot traffic and convenient access for customers. The property's strategic location and ample parking make it an attractive option for a variety of retail uses. Interested parties should inquire about lease terms and availability.


    Value Estimations

    based on Realmo’s proprietary methodology
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,084,000
      Market price range: $461k - $1.08M
      AI Estimate
      $750,000
      Market price range: $341k - $750k
    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $775,000
      Current use
      OFFICE BUILDING
      $1,595,000
      Change: +106% Conversion: Moderate
      MEDICAL BUILDING
      $1,485,000
      Change: +92% Conversion: Difficult
      RESTAURANT
      $1,405,000
      Change: +82% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,380,000
      Change: +78% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,215,000
      Change: +57% Conversion: Difficult
      RETAIL STORES
      $955,000
      Change: +24% Conversion: Easy
      WAREHOUSE, STORAGE
      $790,000
      Change: +2% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Okemos
    County
    Ingham
    State
    Michigan
    Longitude
    -84.4089
    Latitude
    42.7184
    CBSA code
    29620
    CBSA name
    LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $48,461
    $452,000
    $367,500
    $819,500
    -
    $904,000
    $735,000
    $1,639,000
    More about this property
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