Prime Redevelopment Opportunity With Drive-Thru Across from Mall
Retail-Commercial
for Sale
| Catylist Listing ID: |
30752874 |
| Property Subtypes: |
Free-Standing Building
|
| Building Size (RSF): |
5,000 SF
|
| Gross Building Area: |
See Agent |
| Gross Land Area: |
2.20 Acres
|
| Sale Price: |
$1,699,000 |
| Unit Price: |
$339.80 PSF |
| Ceiling: |
13 ft. |
| Property Use Type: |
Vacant/Owner-User |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/15/2023 |
Overview / Comments
Retail building in prime retail corridor in Okemos with 305 feet of frontage on Marsh Road. Property is 2.197 acres, but can be combined with the property behind it, allowing for up to 4.27 acres of redevelopment opportunity. Property allows a 3 story building, perfect for corporate headquarters or hotel user.
This property is located across from the Meridian Mall and Central Park Place shops along with major national retailers including Target, Marshall's, Bed Bath & Beyond, Kohl's, Walmart, PetSmart, Home Depot, Kroger, Macy's, Dick's Sporting Goods, and many many more.
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Additional Details
| Nearest MSA: |
Lansing-East Lansing |
| County: |
Ingham |
| Taxing Authority: |
Meridian Charter Township |
| Tax ID/APN: |
33-02-02-22-126-007 |
| Zoning: |
C-2 |
| Retail Clientele: |
General, Family, Business, Traveler, Recreation |
| Total Number of Buildings: |
1 |
| Number of Stories: |
1 |
| Year Built: |
1979 |
| Year Renovated: |
2003 |
| Construction/Siding: |
Brick |
| Parking Type: |
Surface |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
4,828 |
51,905 |
106,484 |
| Median Age: |
30.94 |
35.88 |
32.45 |
| Households: |
2,285 |
20,621 |
40,111 |
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