4750 Hagadorn RdEast Lansing, MI 48823

Property Details for 4750 Hagadorn Rd

Year built

1988

Lot size

3.10 AC

Property size (Sq ft)

12,240 SF

Zone code

C-2

Property type

Turn key restaurants

APN

33-02-02-20-152-008

APU

33020220152008

Description

Hannah Plaza, located at 4750-4790 Hagadorn Rd in East Lansing, Michigan, presents a unique opportunity for retail businesses seeking a vibrant and high-traffic location. This single-story, well-established retail center boasts a total of two suites, offering flexible space options ranging from a minimum of 4,007 square feet to a maximum contiguous area of 13,897 square feet. The property's strategic location in Ingham County places it within easy walking distance of Michigan State University, the Michigan Athletic Club, Suburban Ice East Lansing, and the Sparrow Health Science Pavilion. This proximity ensures a consistent flow of students, alumni, event attendees, and local residents, creating a diverse and substantial customer base. The property's "street retail, restaurant, end-cap, shopping center" subtype designation highlights its versatility and suitability for a range of retail concepts. The address is further enhanced by its cross street designation of Grand River Ave, providing excellent visibility and accessibility. This prime retail space in a thriving East Lansing location offers exceptional potential for businesses seeking to capitalize on a high-density population and significant foot traffic. The zip code for this property is 48823.

• CAP approach

  CAP return

  Valuation

  6%

  $1,125,593

  6.5%

  $1,039,009

  7%

  $964,794

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,885,222

  Geo Method

  $2,885,222

• Alternative Use

  Use

  Valuation

  Residential

  $876,443

  Hospitality

  $802,817

  Educational

  $667,934

  Medical

  $690,905

  Retail

  $1,039,009

Location Insight

City

East Lansing

County

Ingham

State

Michigan

Latitude

42.7195

Longitude

-84.461

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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