Development Opportunity

Vacant Land for Sale
Catylist Listing ID: 29837100
Property Subtypes: Office, Retail, Retail-Pad
Gross Land Area: 1.59 - 8.69 Acres
Sale Price: $465,000 - 605,000
Land Splits Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/18/2018

Overview / Comments

8.69 acres of vacant land located on Lake Lansing Road at Saginaw Highway next to Rite Aid and newly proposed Costco site.

Additional Details

Nearest MSA: Lansing-East Lansing
County: Ingham
Tax ID/APN: 33-20-02-09-101-020 and 33-20-02-09-101-030
Zoning: B-2, B-4
Property Located Between: New Costco and Meijers
Property Visibility: Good
Largest Nearby Street: E. Saginaw Hwy,& Lake Lansing Rd.
Traffic/Vehicle Count: 14,800
Highway Access: One exsiting curb cut (shared with Rite Aid) on E. Saginaw and one on Lake Lansing.
Site Description: Zoned B-2 and B-4.
Area Description: Area retailers include adjacent to new Costco, Rite Aid, Meijer, (1 mile east) MSUFCU, Speedway and Gillette RV. Convenient access to MSU, Meridian Mall, Downtown East Lansing, Eastwood Towne Center, I-69 and US-127.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,196 70,860 132,956
Median Age: 43.73 30.42 32.75
Households: 2,867 24,862 51,662


Photograph of Listing Agent

Shawn H. O'Brien, CCIM

CBRE | Martin CPIX Member
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