5010 Park Lake Rd East

Vacant Land for Sale
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

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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


Photograph of Listing Agent

Shawn H. O'Brien, CCIM

Colliers Lansing
CPIX Member
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