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    FOR SALE
    Retail space

    4990 Marsh Rd, Okemos, MI 48864

    4,068 SF 2.2 ac lot Built 1979
    Entity Owned Free & Clear
    Property ID
    US43-1841511
    4990 Marsh Rd, Okemos, MI 48864 For Sale
    $3,749,000 4,068 SF
    4990 Marsh Rd, Okemos, MI 48864
    View Listing →
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1979
    Total area 4,068 SF
    Lot 2.2 ac (95,701 SF)
    Zoning code C-2
    APN 33-02-02-22-126-007
    UPID US43-1841511
    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
    • Michigan State Jewelry (Bike/Boat/Book/etc) Store Clothing & Fashion Store
    • Wheat Jewelers (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Cft Nv Developments LLC
    Cft Nv Developments LLC
    since 2025
    Last sale
    $1.6M
    1 recorded transaction
    2025
    $1.6M
    Zoning & alternative use
    C-2 · Okemos, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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