2824 Grand River AveLansing, MI 48912

Property Details for 2824 Grand River Ave

Year built

2008

Lot size

1.40 AC

Property size (Sq ft)

12,156 SF

Zone code

G GENER

Property type

Community centers

APN

33-21-01-11-454-018

APU

33210111454018

Description

This single-story, 12,600 square foot commercial building, constructed in 2008, offers versatile office and retail space near the bustling Frandor Shopping Center and US-127. The property boasts a total of four suites, with 3,881 square feet currently available. The minimum divisible space is 480 square feet, while the maximum contiguous space available is 3,881 square feet. Its convenient location provides easy access to downtown Lansing, East Lansing, and Michigan State University. The building features generous doorstep parking for tenant and customer convenience, along with highly visible monument signage for enhanced brand exposure. The property is zoned commercial and is situated in Ingham County, with the APN 33-21-01-11-454-018. This location offers excellent visibility and accessibility, making it an ideal space for a variety of businesses. The building's previous use included a dance studio, showcasing its adaptability to diverse commercial needs. This is a rare opportunity to secure a well-located, spacious commercial property in a thriving area. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $1,098,110

  6.5%

  $1,013,640

  7%

  $941,235

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,182,560

  Geo Method

  $1,182,560

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,230,130

  Mixed-Use / Specialty

  $907,612

  Hospitality / Lodging

  $532,551

  Office

  $795,552

  Institutional / Educational

  $906,949

  Residential Income

  $1,061,130

  Multifamily

  $1,840,410

  Automotive / Energy

  $777,385

  Parking / Income-Based Land

  $369,447

  Restaurant / Food Service

  $253,491

  Healthcare / Senior Housing

  $1,035,760

Location Insight

City

Lansing

County

Ingham

State

Michigan

Latitude

42.7424

Longitude

-84.5122

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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