Spare Time 3101 E Grand River Ave 42,800 SF Retail Building Lansing, MI 48912 $5,200,000 ($121.50/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. The site is currently improved with an approximately 42,800 square foot existing building, offering immediate adaptive reuse potential or a clear path toward higher-density mixed-use redevelopment.
The property is strategically positioned to serve one of the Midwest’s largest and most stable institutional anchors—Michigan State University—creating strong demand drivers for residential, retail, and service-oriented uses.
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