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Property profile & analytics
OFF-MARKET Estimated value $545,000
Retail space

4901 Okemos Rd Okemos, MI 48864-1034

4,800 SF 2.89 ac lot Built 1984
Entity Owned 11-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US43-1527108
Property summary
AI-generated overview

Meridian Pavilion offers a prime retail opportunity in Okemos, Michigan. This multi-tenant building totals 4,624 square feet, with 1,500 square feet currently available for lease. The space is ideally suited for a variety of retail uses, previously operating as a training facility. Its convenient location in Ingham County places it just 3.2 miles from Michigan State University, ensuring high visibility and foot traffic. The property benefits from strong co-tenancy, sharing the building with established businesses such as Pet Supplies Plus, Breadsmith, and Sugar Berry Frozen Yogurt, creating a vibrant and attractive retail environment. This presents a unique chance to establish a business in a thriving area with excellent access to a large consumer base, including the significant student population of Michigan State University. The available space offers 1,500 square feet of adaptable interior, ready for immediate occupancy. Interested parties are encouraged to inquire about lease terms and explore the potential of this exceptional retail location. The building is situated within a well-established commercial area, providing ample parking and convenient access for customers. This is an excellent opportunity for businesses seeking a high-traffic location with strong co-tenancy in a desirable Michigan community.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1984
Total area 4,800 SF
Lot 2.89 ac (125,888 SF)
Zoning code C-2
APN 33-02-02-21-205-033
UPID US43-1527108
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
  • Sugar Berry Frozen Yogurt Cafe & Coffee Shop Take-out & Catering
  • Breadsmith Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$605k
CAP Approach CAP
$510k
Comparable Approach Comparable
$561k
Blend (final) Blend
$545k
Owner & transaction history
Gk Retail Holdings INC · 11 yrs held
Gk Retail Holdings INC
since 2015
5 recorded transactions
2024
Price N/A
2015
Price N/A
2008
Price N/A
2000
$466,670
1969
Price N/A
Zoning & alternative use
C-2 · Okemos, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $635,000 +66.8%
Medical building $590,000 +55.4%
Commercial (general) $550,000 +44.0%
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