East Lansing Vacant Land

Expired Vacant Land for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 28721840
Property Subtypes: Multi-Family, Office
Gross Land Area: 5.64 - 5.91 Acres
Sale Price: $499,900
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Expired On: 12/7/2016
Last Updated: 12/7/2016

Overview / Comments

Great location in the hottest office sites in the area. The site was zoned R-3 Residential Single Family by DeWitt Township prior to being annexed by the City of East Lansing who agreed to keep the zoning to maintain the lower tax rate. The future plan is for mixed use property.

There are four consolidated parcels. The subject is located on the North side of Coleman Rd., west of Coolidge Rd. and east of West Rd.

Financials

Finance Data Year 2009
Assessed Value - Total($) $110,000 (Annual)
Real Estate Taxes - Annual($) $8,721 (Annual)

Additional Details

Nearest MSA: Lansing-East Lansing
County: Ingham
Tax ID/APN: 19-20-50-35-400-070
Zoning: RESIDENTIAL
Market Type: Large
Property Located Between: Coleman & West Rds.
Side of Street: North
Road Type: Paved
Property Visibility: Excellent
Largest Nearby Street: Coleman
Highway Access: US 127
Site Description: Site is generally level with rolling terrain.The site is not in the 100 year flood plain. There are public utilities including electric, telephone, natural gas, water and sanitary sewer services available to the site.
Area Description: This is an upscale, newer community with a generous mix of retail, office and service businesses surrounded by upscale, newer single family neighborhoods, and apartment complexes, situated just north of MSU Campus.
Lot Frontage: 356
Lot Depth: 623
Zoning Description: Originally R-3 Residential single Family, but is now valued as vacant development land for future for mixed use consistent with the 425 agreement between DeWitt township, and the City of East Lansing.
Available Utilities: Electric, Water, Gas, Storm Drain, Cable


Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,847 77,720 170,490
Median Age: 25.88 31.51 32.81
Households: 2,888 31,687 67,375

Contact

Photograph of Listing Agent

Adam A. Whitz

RE/MAX COMMERCIAL GROUP CPIX Member
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