5100 Marsh RdMeridian charter Township, MI 48864

Property Details for 5100 Marsh Rd

Year built

1986

Lot size

6.38 AC

Property size (Sq ft)

3,769 SF

Zone code

C-2

Property type

Turn key restaurants

APN

33-02-02-15-300-014

APU

33020215300014

Description

Central Park Place, located at 5100 Marsh Rd in Okemos, Michigan (zip code 48864), offers prime retail space within a thriving strip center. This Ingham County property boasts a total of 74,000 square feet, with three available spaces ranging from 2,150 to 2,950 contiguous square feet. A total of 7,619 square feet is currently vacant and ready for immediate occupancy. The property is ideally situated directly on Marsh Road, providing excellent visibility and accessibility. Its strategic location adjacent to Meridian Mall and other national retail and restaurant chains ensures high foot traffic and a strong customer base. The property is classified as a commercial strip center suitable for restaurant chains and other retail businesses. The minimum divisible space is 2,150 square feet. This upscale retail center presents a unique opportunity for businesses seeking a prominent location in a high-demand area. The property's location in Meridian Charter Township offers a vibrant and affluent market.

• CAP approach

  CAP return

  Valuation

  6%

  $948,455

  6.5%

  $875,497

  7%

  $812,961

• Comparable approach

  Method

  Valuation

  Relative Method

  $888,432

  Geo Method

  $888,432

• Alternative Use

  Use

  Valuation

  Residential

  $738,514

  Hospitality

  $676,475

  Educational

  $562,819

  Medical

  $582,176

  Retail

  $875,497

Location Insight

City

Okemos

County

Ingham

State

Michigan

Latitude

42.7281

Longitude

-84.4128

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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