Spare Time 3101 E Grand River Ave 42,800 SF Retail Building Lansing, MI 48912 $4,950,000 ($115.65/SF)

This Offering Memorandum presents a rare opportunity to acquire and redevelop a 3.3-acre MX-2 zoned property located within the Michigan State University campus market in Lansing, Michigan. Call for massing plans and further discuss. This rare infill site presents a compelling development opportunity within the Michigan State University campus, offering the potential for immediate redevelopment and long-term value creation. The property is well positioned for a higher-density development concept and may support a mid-rise residential project, as well as a variety of other permitted uses under the current zoning. Potential uses may include drive-through concepts, retail, commercial, service-oriented businesses, and mixed-use development, providing flexibility to accommodate a range of investment strategies and market demands.
The site’s existing characteristics and zoning framework create an opportunity for a developer to evaluate adaptive reuse, redevelopment, or a new construction concept tailored to the surrounding university environment. A residential or mixed-use project could capitalize on the consistent demand generated by students, faculty, staff, university-affiliated users, and the broader East Lansing community, while commercial and service uses could benefit from the property’s institutional setting and established customer base.
Strategically located within one of the Midwest’s largest and most stable university environments, the property benefits from the significant economic and demographic activity associated with Michigan State University. This location provides multiple potential demand drivers and supports a broad range of development possibilities, making the site particularly attractive for investors and developers seeking flexibility, density, and proximity to a major institutional anchor. With the ability to pursue residential, retail, drive-through, service, or mixed-use applications, the property offers a unique opportunity to create a project that responds to current market demand while positioning the site for future growth.
MX-2 in Lansing = urban mixed-use district allowing:
Retail + service commercial
Office
Multifamily residential
Select entertainment uses (with approval)
…all in a denser, pedestrian-oriented format rather than suburban development.
The site lends itself to a densified, walkable mixed-use environment, potentially including:
3–5 story mixed-use buildings
Activated street frontage with retail
Integrated structured or screened parking
Public gathering spaces or courtyards