Catylist ID:
#30565593
| Catylist Listing ID: | 30565593 |
| Property Subtypes: | Hospitality, Multi-Family, Office, Residential (Single Family), Retail, Other |
| Gross Land Area: | 35 Acres |
| Sale Price: | $1,662,500 |
| Unit Price: | $47,500 Per Acre |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 3/29/2023 |
Overview / Comments
|
Up to 35 acres available in Meridian Township. This site is ideal for multifamily, senior housing, or mixed-use development. The property is located at the NE Corner of Grand River and Park Lake Road, one block East of Whole Foods, between MSU Campus and Meridian Mall. Must be purchased together. +/- 33 Acres (Site A) +/- 1.64 (Site B) +/- 34.6 Total Price/Acres $47,000 |
Additional Details
| Nearest MSA: | Lansing-East Lansing |
| County: | Ingham |
| Taxing Authority: | Meridian Township |
| Tax ID/APN: | 33-02-02-17-476-016 (Site B) and 33-02-02-17-476-024 (Site A) |
| Zoning: | COM/RES |
| Largest Nearby Street: | Grand River Ave |
| Traffic/Vehicle Count: | 27,000 |
| Site Description: | Site is visible to Grand River Ave. @ Park Lake Rd. signaled intersection |
| Area Description: | Site is midway between Downtown East Lansing and Meridian Mall/Okemos commercial corridor |
| Lot Frontage: | Irregular |
| Zoning Description: | RA, RAA and PO |
| In Flood Plain?: | Yes |
| Topography: | Rolling |
| Easements: | Other |
| Easements Description: | Site has frontage on Canadian Norther RR |
| Available Utilities: | Electric, Water, Gas, Sewer, Storm Drain |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 12,800 | 81,400 | 144,094 |
| Median Age: | 30.29 | 31.04 | 32.47 |
| Households: | 4,218 | 29,638 | 56,028 |
Contact
Shawn H. O'Brien, CCIMColliers LansingCPIX Member |
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