1331 Grand River AveEast Lansing, MI 48823

Property Details for 1331 Grand River Ave

Year built

1966

Lot size

1.24 AC

Property size (Sq ft)

10,626 SF

Zone code

B2

Property type

Retail space

APN

33-20-02-18-416-011

APU

33200218416011

Description

This exceptional 21,252 square foot office space, located at 1331 E. Grand River Ave in East Lansing, Michigan, presents a unique opportunity for businesses seeking a prominent location. Situated in a Class B building constructed in 1966, this single-tenant space offers a blend of classic charm and modern functionality. The property boasts two buildings, each two stories high, providing a total of 57 parking spaces for employees and clients. The 1.24-acre lot is zoned B2, reflecting its suitability for commercial use. The interior features large windows, allowing for abundant natural light, and includes up to nine private offices, a welcoming reception area, a convenient conference room, two entrances for easy access, and a practical kitchenette. This location is highly desirable, being adjacent to the popular Brookfield Plaza and within walking distance of numerous restaurants and shops. Its proximity to Michigan State University and its one-mile distance from the Michigan Athletic Club make it an attractive option for businesses catering to a student population or those seeking a vibrant, active community. The property's location within a densely populated student housing area ensures high visibility and accessibility. This is an excellent opportunity to establish a thriving business in a prime East Lansing location.

• CAP approach

  CAP return

  Valuation

  6%

  $977,169

  6.5%

  $902,002

  7%

  $837,573

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,504,769

  Geo Method

  $2,504,769

• Alternative Use

  Use

  Valuation

  Residential

  $760,872

  Hospitality

  $696,955

  Educational

  $579,858

  Medical

  $599,801

  Retail

  $902,002

Location Insight

City

East Lansing

County

Ingham

State

Michigan

Latitude

42.7307

Longitude

-84.4648

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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