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2000 Merritt Rd 32,085 SF Retail Building East Lansing, MI 48823 $3,490,000 ($108.77/SF)
Investment Highlights
- Established distillery operation dating to 1998.
- Includes production and hospitality components.
- Located near Michigan State University and Lansing-area employers.
- Situated on approximately 5.97 acres in East Lansing.
- Convenient access to regional highway connections.
- Adaptive reuse facility converted for distillery operations in 2012.
Executive Summary
This distillery is one of Michigan's largest distilleries and one of the State's oldest distilling operations dating back to 1998. It is located in a restored Public Works building which was converted into the distillery in 2012. The setting is tranquil and offers many enjoyable activities. In addition, the on-site Cocktail Bar serves exceptional spirits and cocktails. Drinks are made using fresh fruits & herbs, in house prepared ingredients and spirits produced on site. The Distillery is lauded for its high quality, artisan distilled vodka, gin, whiskey, bourbon, and brandy.
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
32,085 SF
Building Class
B
Year Built
1964
Price
$3,490,000
Price Per SF
$108.77
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
5.94 AC
Zoning
OIP - OIP
Parking
44 Spaces (1.37 Spaces per 1,000 SF Leased)
Frontage
396’ on Merritt Rd
Amenities
- Air Conditioning
- Smoke Detector
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 20-02-08-200-006 | Improvements Assessment | $463,900 |
| Land Assessment | $104,900 | Total Assessment | $568,800 |
Property Taxes
Parcel Number
20-02-08-200-006
Land Assessment
$104,900
Improvements Assessment
$463,900
Total Assessment
$568,800
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2000 Merritt Rd