1621 Haslett RdMeridian charter Township, MI 48840

Property Details for 1621 Haslett Rd

Year built

1980

Lot size

0.88 AC

Property size (Sq ft)

1,619 SF

Zone code

C-2

Property type

Banks

APN

33-02-02-10-401-006

APU

33020210401006

Description

Introducing Haslett Village, a vibrant new mixed-use development in Meridian Charter Township, MI (zip code 48840), located at the hard corner of Marsh and Haslett Roads. This $63 million project offers over 25,000 square feet of retail and restaurant space, complemented by approximately 300 multi-family residential and senior housing units. The development boasts convenient parking, attractive neighborhood amenities including pickle-ball courts and walking trails, and enjoys high visibility due to its prime location. Spaces range from 1,500 to 14,000 square feet, offering flexible in-line, end-cap, and freestanding options. Restaurant suites include patio seating, and two drive-thru opportunities are available. A liquor license is also available. The property benefits from easy ingress/egress and direct visibility from the intersection. Located minutes from Michigan State University and major retailers like Meijer, Costco, Target, and Walmart, this development serves a highly affluent demographic with average household incomes exceeding $125,000. Pricing is $25-$30 per square foot per year, NNN, with an aggressive tenant improvement package available. This is an exceptional opportunity to establish a presence in a thriving, amenity-rich community.

• CAP approach

  CAP return

  Valuation

  6%

  $407,415

  6.5%

  $376,076

  7%

  $349,213

• Comparable approach

  Method

  Valuation

  Relative Method

  $381,632

  Geo Method

  $381,632

• Alternative Use

  Use

  Valuation

  Residential

  $317,234

  Hospitality

  $290,585

  Educational

  $241,763

  Medical

  $250,078

  Retail

  $376,076

Location Insight

City

Haslett

County

Ingham

State

Michigan

Latitude

42.7469

Longitude

-84.409

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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