Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET Estimated value $3,055,000
    Grocery and convenience stores

    940 Trowbridge Rd Rds, East Lansing, MI 48823-5218

    26,858 SF 4.28 ac lot Built 1962
    Entity Owned 11-yr Hold ~ Est. High Equity
    Property ID
    US43-2919464
    Property summary
    AI-generated overview

    Trowbridge Village offers a unique investment opportunity in a thriving Lansing, Michigan location. This four-story, 48,477 square foot building, constructed in 2020, features five available suites ranging from 1,649 to 2,598 contiguous square feet. The property is zoned B2 Retail Sales and sits on 1.03 acres of land, providing ample space and parking for tenants and customers. With 40 total parking spaces, convenient access is ensured. The building's strategic location directly adjacent to a proposed MSU stadium, new retail developments, and several housing projects offers unparalleled exposure and high foot traffic potential. Its proximity to major roadways, including I-496 and US-127, ensures easy accessibility. The location also benefits from its close proximity to Michigan State University (over 50,000 students and 13,000 faculty), the Lansing State Capitol, and the Breslin Events Center. Further enhancing its appeal is the new McLaren Greater Lansing Hospital (28,000 employees), located just 1.3 miles south. A proposed MSU housing development directly across the street promises continued growth and increased demand. This property presents a compelling opportunity for businesses seeking a high-visibility location within a dynamic and expanding area. The building's multiple suite options cater to a variety of business needs, making it an ideal investment for both single and multi-tenant occupancy. Ingham County location.

    Property profile
    Verified
    Property type Grocery and convenience stores
    Use group GROCERY, SUPERMARKET
    Year built 1962
    Total area 26,858 SF
    Lot 4.28 ac (186,437 SF)
    Zoning code B2
    APN 33-20-01-24-122-022
    UPID US43-2919464
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $2.85M
    Comparable Approach Comparable
    $2.91M
    Blend (final) Blend
    $3.06M
    Owner & transaction history
    Trowbridge Village II LLC · 11 yrs held
    Trowbridge Village II LLC
    since 2015
    1 recorded transaction
    2015
    Zoning & alternative use
    B2 · East Lansing, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Medical building $3.3M +55.4%
    Restaurant $3.1M +47.0%
    Commercial (general) $3.1M +44.0%
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 940 Trowbridge Rd Rds?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message