4790 Hagadorn RdEast Lansing, MI 48823

Property Details for 4790 Hagadorn Rd

Year built

1993

Lot size

9.94 AC

Property size (Sq ft)

75,347 SF

Zone code

C-2

Property type

Strip malls

Property subtype

Neighborhood centers

APN

33-02-02-20-152-007

APU

33020220152007

Description

Hannah Plaza, located at 4790 S Hagadorn Rd, East Lansing, MI 48823, offers exceptional retail space in a thriving location. This multi-tenant property boasts a total of 97,582 square feet, with a variety of spaces available ranging from a minimum of 2,950 square feet to a maximum contiguous space of 13,987 square feet. Currently, 24,727 square feet is vacant, presenting a significant opportunity for new businesses. The plaza enjoys a strategic position on Hagadorn Road, situated between Grand River Avenue and Mt. Hope Road, ensuring high visibility and accessibility. Hannah Plaza benefits from a strong tenant mix, including established businesses such as Pizza House, Powerhouse Gym, Orangetheory Fitness, GNC, Jimmy John's, Sansu, and Square One Bakery, creating a vibrant and attractive retail environment. Its convenient location also places it within walking distance of key amenities such as the Michigan Athletic Club, Sparrow Health Science Pavilion, The Lodges of East Lansing, and the Marriott Towne Place Suites, further enhancing its appeal to both businesses and customers. This Ingham County property presents a compelling investment opportunity for businesses seeking a prime retail location in a bustling area of East Lansing. The property is classified as Retail, with subtypes including Convenience Store, Restaurant, Nutrition, and Bakery.

• CAP approach

  CAP return

  Valuation

  6%

  $6,928,924

  6.5%

  $6,395,930

  7%

  $5,939,078

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,760,856

  Geo Method

  $17,760,856

• Alternative Use

  Use

  Valuation

  Residential

  $5,395,206

  Hospitality

  $4,941,980

  Educational

  $4,111,669

  Medical

  $4,253,076

  Retail

  $6,395,930

Location Insight

City

East Lansing

County

Ingham

State

Michigan

Latitude

42.7203

Longitude

-84.4603

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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