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    FOR LEASE
    Turn key restaurants

    4750 Hagadorn Rd, East Lansing, MI 48823

    12,240 SF 3.1 ac lot Built 1988
    Individually Owned 12-yr Hold ~ Est. High Equity
    Property ID
    US43-1561883
    Property summary
    AI-generated overview

    Hannah Plaza, located at 4750-4790 Hagadorn Rd in East Lansing, Michigan, presents a unique opportunity for retail businesses seeking a vibrant and high-traffic location. This single-story, well-established retail center boasts a total of two suites, offering flexible space options ranging from a minimum of 4,007 square feet to a maximum contiguous area of 13,897 square feet. The property's strategic location in Ingham County places it within easy walking distance of Michigan State University, the Michigan Athletic Club, Suburban Ice East Lansing, and the Sparrow Health Science Pavilion. This proximity ensures a consistent flow of students, alumni, event attendees, and local residents, creating a diverse and substantial customer base. The property's "street retail, restaurant, end-cap, shopping center" subtype designation highlights its versatility and suitability for a range of retail concepts. The address is further enhanced by its cross street designation of Grand River Ave, providing excellent visibility and accessibility. This prime retail space in a thriving East Lansing location offers exceptional potential for businesses seeking to capitalize on a high-density population and significant foot traffic. The zip code for this property is 48823.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1988
    Total area 12,240 SF
    Lot 3.1 ac (135,036 SF)
    Zoning code C-2
    APN 33-02-02-20-152-008
    UPID US43-1561883
    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
    Current use
    Occupant on record · Public records
    • Elite Dance Company Training Center
    • Royal Pot Restaurant
    • Sree Saffron Restaurant
    • Chapelure Bakery Specialty Food Shop
    • Hannah Plaza Business Service Center Corporate Office
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $2.04M
    Blend (final) Blend
    $2.00M
    Owner & transaction history
    Us Bk NA Series 2006-c2 Tr · 12 yrs held
    Us Bk NA Series 2006-c2 Tr
    since 2013
    7 recorded transactions
    2025
    2022
    2017
    2014
    2013
    $11.2M
    2013
    $11.2M
    2006
    $2.8M
    Zoning & alternative use
    C-2 · East Lansing, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Medical building $1.5M +5.7%
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