4990 Marsh RdMeridian charter Township, MI 48864

Property Details for 4990 Marsh Rd

Year built

1979

Lot size

2.20 AC

Property size (Sq ft)

4,068 SF

Zone code

C-2

Property type

Retail space

APN

33-02-02-22-126-007

APU

33020222126007

Description

This exceptional 4.27-acre multi-parcel property presents a significant redevelopment opportunity in Meridian Charter Township, MI. Located at 4990-5000 Marsh Road, this site boasts 305 feet of frontage on Marsh Road, directly across from the Meridian Mall, a major regional shopping destination. The property encompasses two parcels (APN: 33-02-02-22-126-003, 33-02-02-22-126-007), totaling 29,068 square feet, and is zoned C-2, permitting a three-story building. This flexibility allows for a diverse range of development options, including corporate headquarters, office buildings, or hotels. The asking price is $3,749,000 ($128.97/sq ft). The strategic location offers unparalleled access to a high-density population, benefiting from the proximity to East Lansing, MSU Campus, Okemos, Haslett, and Williamston. The site is surrounded by numerous national retailers, including Dick's Sporting Goods, Target, Marshall's, Kroger, Bed Bath & Beyond, Home Depot, and Kohl's, ensuring high visibility and substantial daytime traffic. This presents a rare chance to capitalize on a prime location within a thriving retail corridor. The property's size and zoning provide a unique opportunity for a substantial and impactful development project.

• CAP approach

  CAP return

  Valuation

  6%

  $1,023,697

  6.5%

  $944,951

  7%

  $877,455

• Comparable approach

  Method

  Valuation

  Relative Method

  $958,912

  Geo Method

  $958,912

• Alternative Use

  Use

  Valuation

  Residential

  $797,102

  Hospitality

  $730,141

  Educational

  $607,469

  Medical

  $628,360

  Retail

  $944,951

Location Insight

City

Okemos

County

Ingham

State

Michigan

Latitude

42.726

Longitude

-84.4144

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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