3003 Preyde BlvdLansing, MI 48912

Property Details for 3003 Preyde Blvd

Year built

2002

Lot size

35.00 AC

Property size (Sq ft)

42,875 SF

Zone code

PD

Property type

Super regional malls

APN

33-21-01-02-100-025

APU

33210102100025

Description

Eastwood Towne Centre, located at 3003 Preyde Boulevard in Lansing, Michigan (zip code 48912), presents a unique opportunity for retail businesses. This 54,208 square foot shopping center, situated in Ingham County, offers multiple spaces available for lease, ranging from a minimum of 1,200 square feet to a maximum contiguous space of 10,002 square feet. The entire center is currently vacant, providing a blank canvas for a new tenant mix or a cohesive redevelopment project. The property benefits from a highly visible location in the heart of Lansing, establishing it as a prominent shopping, dining, and entertainment destination in mid-Michigan. Its strategic placement ensures high foot traffic and excellent visibility. The center's previous tenants included a diverse range of national brands, demonstrating its appeal and potential for attracting high-quality retailers. This presents a rare chance to establish a new retail presence in a well-established and highly trafficked location. The property's size and layout offer flexibility for various retail concepts, from individual stores to larger anchor tenants. The address is 3003 Preyde Boulevard, Lansing, MI 48912. This is a fully vacant, 54,208 square foot retail opportunity in a prime Lansing location.

• CAP approach

  CAP return

  Valuation

  6%

  $3,873,090

  6.5%

  $3,575,160

  7%

  $3,319,800

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,170,950

  Geo Method

  $4,170,950

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $7,865,800

  Mixed-Use / Specialty

  $3,201,210

  Hospitality / Lodging

  $1,878,340

  Office

  $2,805,960

  Institutional / Educational

  $3,198,870

  Residential Income

  $3,742,680

  Multifamily

  $6,491,250

  Automotive / Energy

  $2,741,890

  Parking / Income-Based Land

  $1,303,060

  Restaurant / Food Service

  $894,081

  Healthcare / Senior Housing

  $3,653,190

Location Insight

City

Lansing

County

Ingham

State

Michigan

Latitude

42.7628

Longitude

-84.5155

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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