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    OFF-MARKET
    Retail space

    947 Trowbridge Rd, East Lansing, MI 48823-5217

    1,750 SF 0.51 ac lot Built 1968
    Entity Owned 9-yr Hold ~ Est. High Equity
    Property ID
    US43-0096583
    Property summary
    AI-generated overview

    This exceptional 2,500 square foot retail storefront at 947 Trowbridge Road in East Lansing, Michigan, presents a unique investment opportunity. Currently, 1,250 square feet is available for lease within this single-tenant building (APN: 33-20-01-24-123-007). The property boasts excellent visibility and significant frontage on a major roadway leading directly to the Michigan State University campus, ensuring high foot traffic and brand exposure. Its strategic location directly across the street from a newly constructed grocery-anchored shopping center provides a synergistic retail environment and increased customer draw. A successful Biggby Coffee currently operates as a co-tenant, further enhancing the property's appeal and attracting a diverse customer base. The property's 48823 zip code places it in the heart of a vibrant and densely populated area, ideal for a variety of retail businesses seeking a prime location with strong visibility and established neighboring businesses. The available space offers significant potential for a business seeking to establish a presence in this thriving East Lansing market. The total building size is 2,500 square feet.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1968
    Total area 1,750 SF
    Lot 0.51 ac (22,390 SF)
    Zoning code B2
    APN 33-20-01-24-123-007
    UPID US43-0096583
    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
    • BIGGBY Coffee Cafe & Coffee Shop
    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
    Haslett & Mlk Development Lcl · 9 yrs held
    Haslett & Mlk Development Lcl
    since 2016
    3 recorded transactions
    2020
    2016
    $395,000
    2006
    $25,000
    Zoning & alternative use
    B2 · East Lansing, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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