3151 Coleman RdEast Lansing, MI 48823

Property Details for 3151 Coleman Rd

Lot size

19.70 AC

Zone code

A

Property type

Commercial land

APN

19-20-50-36-300-010

APU

19205036300010

Description

This exceptional 3.95-acre commercial land parcel, identified as Parcels A & B, presents a remarkable investment opportunity in East Lansing, Michigan. Strategically located at 3151 East Coleman Road, 48823, near the intersection of Coolidge and Coleman Roads, this property enjoys a prime position in Ingham County. The site is ideally situated for a variety of commercial and mixed-use developments, benefiting from its proximity to the planned Coleman Road extension, providing convenient access to Eastwood Towne Center. The property's zoning is R3 (Single-Family and Two-Family Residential) for Parcels A & B, offering flexibility for development. All utilities are readily available on-site, simplifying the construction process. The location boasts exceptional accessibility, with several thousand residential units within a one-mile radius, ensuring a strong potential customer base. Furthermore, the area offers convenient access to a range of amenities, including hotels and restaurants. This property is a short distance from the MSU Federal Credit Union headquarters, adding to its appeal and potential for future growth. The master plan envisions commercial and mixed-use development, making this a truly unique opportunity for investors seeking a high-growth potential location. This is a rare chance to acquire a substantial land parcel in a thriving East Lansing location with significant development potential.

• Alternative Use

  Use

  Valuation

  Residential

  $61,433,904

  Hospitality

  $56,273,124

  Educational

  $46,818,580

  Medical

  $48,428,744

  Retail

  $72,828,904

Location Insight

City

East Lansing

County

Clinton

State

Michigan

Latitude

42.775

Longitude

-84.5021

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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