4901 Okemos RdMeridian charter Township, MI 48864

Property Details for 4901 Okemos Rd

Year built

1984

Lot size

2.89 AC

Property size (Sq ft)

4,800 SF

Zone code

C-2

Property type

Retail space

APN

33-02-02-21-205-033

APU

33020221205033

Description

Meridian Pavilion offers a prime retail opportunity in Okemos, Michigan. This multi-tenant building totals 4,624 square feet, with 1,500 square feet currently available for lease. The space is ideally suited for a variety of retail uses, previously operating as a training facility. Its convenient location in Ingham County places it just 3.2 miles from Michigan State University, ensuring high visibility and foot traffic. The property benefits from strong co-tenancy, sharing the building with established businesses such as Pet Supplies Plus, Breadsmith, and Sugar Berry Frozen Yogurt, creating a vibrant and attractive retail environment. This presents a unique chance to establish a business in a thriving area with excellent access to a large consumer base, including the significant student population of Michigan State University. The available space offers 1,500 square feet of adaptable interior, ready for immediate occupancy. Interested parties are encouraged to inquire about lease terms and explore the potential of this exceptional retail location. The building is situated within a well-established commercial area, providing ample parking and convenient access for customers. This is an excellent opportunity for businesses seeking a high-traffic location with strong co-tenancy in a desirable Michigan community.

• CAP approach

  CAP return

  Valuation

  6%

  $1,207,902

  6.5%

  $1,114,986

  7%

  $1,035,345

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,131,460

  Geo Method

  $1,131,460

• Alternative Use

  Use

  Valuation

  Residential

  $940,533

  Hospitality

  $861,523

  Educational

  $716,777

  Medical

  $741,428

  Retail

  $1,114,986

Location Insight

City

Okemos

County

Ingham

State

Michigan

Latitude

42.7231

Longitude

-84.4282

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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