100 Grand River AveEast Lansing, MI 48823

Property Details for 100 Grand River Ave

Year built

2021

Lot size

0.52 AC

Property size (Sq ft)

12,435 SF

Zone code

B3

Property type

Retail space

APN

33-20-01-13-230-006

APU

33200113230006

Description

This exceptional Class A executive office suite, situated in a vibrant mixed-use development at the corner of Grand River Avenue and Abbot Road, offers unparalleled visibility and accessibility. Located directly across from Michigan State University, this property boasts a strategic location within East Lansing's thriving commercial district, benefiting from high foot traffic generated by over 63,000 students and faculty. The 2,930 square feet of vacant space is divisible to a minimum of 1,500 square feet, providing flexibility for various business needs. Built in 2021, this single-story building within a larger twelve-story complex is part of a high-end development featuring 196 luxury residential units, ensuring a consistent flow of potential clientele. The space is ideally suited for retail or restaurant use, with existing venting already in place. A generous tenant improvement (TI) allowance is available to customize the space to your specific requirements. Enjoy the benefits of co-tenancy with established businesses like Walgreens and Dunkin' Donuts. The 0.52-acre lot provides ample space and prominent exposure at a well-lit corner location. The property is zoned commercial and located in Ingham County's East submarket. This is a rare opportunity to secure a prestigious office space in a dynamic and high-demand location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,123,310

  6.5%

  $1,036,900

  7%

  $962,837

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,209,700

  Geo Method

  $1,209,700

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,281,310

  Mixed-Use / Specialty

  $928,443

  Hospitality / Lodging

  $544,774

  Office

  $813,812

  Institutional / Educational

  $927,765

  Residential Income

  $1,085,490

  Multifamily

  $1,882,650

  Automotive / Energy

  $795,227

  Parking / Income-Based Land

  $377,926

  Restaurant / Food Service

  $259,309

  Healthcare / Senior Housing

  $1,059,530

Location Insight

City

East Lansing

County

Ingham

State

Michigan

Latitude

42.7356

Longitude

-84.4841

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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