2020 Grand Riv AveMeridian charter Township, MI 48864

  • Commercial real estate
  • 119,182 SF
For Lease
$11.50/SF/YR View listing

Property Details for 2020 Grand Riv Ave

Year built
1970
Lot size
9.68 AC
Property size (Sq ft)
119,182 SF
Property type
Commercial real estate
APN
33-02-02-21-226-015
APU
33020221226015

Description

This exceptional 46,462 square foot retail space is ideally situated at 2020 W Grand River Ave in Meridian Charter Township, Ingham County, Michigan, zip code 48864. The property boasts a prime location adjacent to major retailers such as Best Buy and Office Depot, ensuring high visibility and foot traffic. Its proximity to the Meridian Mall and only three miles from Michigan State University provides access to a large and diverse customer base. The single-tenant building offers ample on-site parking and multiple convenient points of ingress and egress, enhancing accessibility for both customers and employees. With over 20,000 vehicles passing daily on Grand River Avenue, this location benefits from strong traffic counts. Effective marketing is facilitated by large pylon and building signage opportunities. The property is surrounded by a vibrant retail environment, including well-established national brands like Taco Bell, Buddy's Pizza, Chick-fil-A, Walgreens, Meijer, Jimmy John's, Chipotle, Panera Bread, Pet Supplies Plus, Kroger, Target, Kohl's, The Home Depot, and Marshalls, creating a synergistic and attractive retail cluster. The property's APN is 33-02-02-21-226-015. This is a single-tenant storefront retail property. This presents a unique opportunity for a business seeking high visibility and a strong retail presence in a thriving Michigan market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $23,353,040
    Hospitality
    $21,391,258
    Educational
    $17,797,276
    Medical
    $18,409,352
    Retail
    $27,684,652

Location Insight

City
Okemos
County
Ingham
State
Michigan
Latitude
42.7233
Longitude
-84.4248
CBSA code
29620
CBSA name
LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$136,343
$2,740,800
$2,888,800
$5,629,600
-
$5,481,600
$5,777,600
$11,259,200

FAQs

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