2055 Grand River AveOkemos, MI 48864

Property Details for 2055 Grand River Ave

Year built

1969

Lot size

31.52 AC

Property size (Sq ft)

223,026 SF

Zone code

C-2

Property type

Retail space

APN

33-02-02-21-276-013

APU

33020221276013

Description

This exceptional retail opportunity offers 2,326 square feet of vacant in-store space within a high-traffic Meijer supermarket in Okemos, Michigan, at 2055 W Grand River Ave, 48864. Three spaces are available, ranging from 552 to 1,194 contiguous square feet, providing excellent visibility and access to thousands of weekly shoppers. The all-inclusive monthly fee covers real estate taxes, property insurance, CAM, and utilities. Strategically located for maximum customer interaction, this "Store-Within-A-Store" concept offers significant branding opportunities, both interior and exterior. The property benefits from exceptional demographics and is ideally suited for a variety of businesses, including financial institutions, food and beverage vendors, service businesses, and health and wellness providers. This prime location within a well-known Midwest retail destination presents a unique opportunity for business growth and expansion. The property is situated in a thriving trade area with a desirable customer base.

• CAP approach

  CAP return

  Valuation

  6%

  $56,123,660

  6.5%

  $51,806,456

  7%

  $48,105,996

• Comparable approach

  Method

  Valuation

  Relative Method

  $52,571,868

  Geo Method

  $52,571,868

• Alternative Use

  Use

  Valuation

  Residential

  $43,700,684

  Hospitality

  $40,029,592

  Educational

  $33,304,150

  Medical

  $34,449,532

  Retail

  $51,806,456

Location Insight

City

Okemos

County

Ingham

State

Michigan

Latitude

42.7197

Longitude

-84.4247

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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