Resturant Site across from Meridian Mall Okemos

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30778827
Property Subtypes: Restaurant
Status: Pending/Contingent
Building Size (RSF): 8,057 SF
Gross Land Area: 2.92 Acres
Sale Price: $2,500,000
Unit Price: $310.29 PSF
Property Use Type: Vacant/Owner-User
Building Name: Outback Steakhouse
Usable Size (USF): 8,057 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/30/2023

Overview / Comments

This Target and Kroger shadow anchored resturant site is located in the popular Meridian Township entertainment and shopping area across from Meridian Mall. The site features outstanding road frontage on both Marsh Road and Newman Road. Major retailers such as Home Depot, Dicks Sporting Goods, Marshalls, and Target are all in the immediate surrounding area of the site.
Outback will vacate this site in February 2022
*18,974 Average Daily Traffic Count Marsh Road
*194 Parking Spaces
*Fully Improved Resturant Site
*Unrivaled High Exposure Location
*2.9 Acres with great redevelopment potential

Additional Details

Nearest MSA: Lansing-East Lansing
County: Ingham
Taxing Authority: Meridian Township / Ingham County
Tax ID/APN: 33-02-02-22-126-012
Retail Clientele: General, Family, Recreation
Property Located Between: Newman and Marsh
Property Visibility: Excellent
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 8,057 SF
Property Condition: Excellent
Year Built: 2006
Total Parking Spaces: 194

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,038 56,156 108,459
Median Age: 32.48 35.59 32.4
Households: 2,761 21,888 41,088


Photograph of Listing Agent

Matthew Wisniewski, CCIM

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