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1930 & 1878 W Grand River Redevelopment Site 1930 W Grand River Ave 5,394 SF Retail Building Okemos, MI 48864 $2,950,000 ($546.90/SF)
INVESTMENT HIGHLIGHTS
- Prime Redevelopment Site with High Traffic & High Visibility as the location is near a major intersection. Several big box locations within a 1/2 mile
EXECUTIVE SUMMARY
This is an opportunity to own Commercial Property/Development Property which very rarely comes along in the retail corridor of Okemos. For close to 30 years this building has been leased to Verizon. Many updates have been made to the building including the Roof and High Speed Fiber internet is wired to the building to start the list. The Marsh and Grand River roads provide High Traffic counts and Visibility, and the site is close to the Meridian Mall and Meijer. The development site is 2.5 Acres, which includes additional Parcels, and has three curb cuts (both Marsh Road and Grand River Avenue) see the attachments. Contact List Agent for all details. List Broker is a partner in the Ownership and is a Licensed Broker in the State of Michigan.
PROPERTY FACTS
Sale Type
Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,394 SF
Building Class
C
Year Built
1978
Price
$2,950,000
Price Per SF
$546.90
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
2.50 AC
Zoning
C-2 - C-2 Commercial
Parking
65 Spaces (12.05 Spaces per 1,000 SF Leased)
Frontage
273’ on West Grand River Ave
AMENITIES
- Signage
- Signalized Intersection
- Storage Space
- Air Conditioning
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $196,300 | |
| Land Assessment | $513,900 | Total Assessment | $710,200 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$513,900
Improvements Assessment
$196,300
Total Assessment
$710,200
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1930 & 1878 W Grand River Redevelopment Site | 1930 W Grand River Ave
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