4990 Marsh Rd, Okemos, MI 48864
For Sale
This exceptional 4.27-acre multi-parcel property presents a significant redevelopment opportunity in Meridian Charter Township, MI. Located at 4990-5000 Marsh Road, this site boasts 305 feet of frontage on Marsh Road, directly across from the Meridian Mall, a major regional shopping destination. The property encompasses two parcels (APN: 33-02-02-22-126-003, 33-02-02-22-126-007), totaling 29,068 square feet, and is zoned C-2, permitting a three-story building. This flexibility allows for a diverse range of development options, including corporate headquarters, office buildings, or hotels. The asking price is $3,749,000 ($128.97/sq ft). The strategic location offers unparalleled access to a high-density population, benefiting from the proximity to East Lansing, MSU Campus, Okemos, Haslett, and Williamston. The site is surrounded by numerous national retailers, including Dick's Sporting Goods, Target, Marshall's, Kroger, Bed Bath & Beyond, Home Depot, and Kohl's, ensuring high visibility and substantial daytime traffic. This presents a rare chance to capitalize on a prime location within a thriving retail corridor. The property's size and zoning provide a unique opportunity for a substantial and impactful development project.
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Michigan State Jewelry (Bike/Boat/Book/etc) Store Clothing & Fashion Store
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Wheat Jewelers (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2019Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C-2 · Okemos, MIOkemos. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.