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: $1,850,000
Unit Price: $370 PSF
Ceiling: 13 ft.
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/12/2021

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.

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

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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

Contact

Photograph of Listing Agent

Todd M. Kosta

Woodworth Commercial LLC
CPIX Member
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