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Property profile & analytics
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
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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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