1410 Grand Riv AveMeridian charter Township, MI 48864

Property Details for 1410 Grand Riv Ave

Year built

1959

Lot size

0.46 AC

Property size (Sq ft)

1,320 SF

Zone code

CR

Property type

Retail space

APN

33-02-02-23-301-008

APU

33020223301008

Description

This exceptional 20.99-acre commercial land parcel presents a unique development opportunity in the thriving Okemos, Michigan market. Located at 1410 Grand River Ave, this property boasts an impressive 700 feet of frontage on Grand River Avenue, providing significant visibility and accessibility. The site is conveniently situated just one mile from the Meridian Mall, ensuring proximity to a substantial consumer base and established infrastructure. Zoned Commercial 201 Improved, this land offers significant potential for a variety of commercial developments. The property's location within Ingham County, near a major business district, further enhances its desirability. The parcel is identified by APN numbers 33-02-02-23-301-012 and 33-02-02-23-301-008. This rare tract of land in Okemos represents a compelling investment opportunity for developers seeking a high-impact location with substantial frontage and proximity to key amenities. The asking price for this remarkable property is $4,500,000. Don't miss this chance to acquire a truly exceptional piece of commercial real estate in a rapidly growing area.

• CAP approach

  CAP return

  Valuation

  6%

  $332,173

  6.5%

  $306,621

  7%

  $284,720

• Comparable approach

  Method

  Valuation

  Relative Method

  $311,151

  Geo Method

  $311,151

• Alternative Use

  Use

  Valuation

  Residential

  $258,647

  Hospitality

  $236,919

  Educational

  $197,114

  Medical

  $203,893

  Retail

  $306,621

Location Insight

City

Okemos

County

Ingham

State

Michigan

Latitude

42.7162

Longitude

-84.3993

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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