547-549 E Grand River AVE Active Save Request In-Person Tour Request Virtual Tour
East Lansing,MI 48823
Key Details
Property Type Commercial
Sub Type Commercial Sale
Listing Status Active
Purchase Type For Sale
MLS Listing ID 286595
Year Built 1946
Annual Tax Amount $18,594
Tax Year 2024
Lot Size 3,484 Sqft
Property Sub-Type Commercial Sale
Property Description
Prime Location in the Heart of MSU Campus** 547 E Grand River Ave, a unique opportunity to own a versatile commercial property strategically located in the bustling heart of East Lansing, Michigan. This property boasts a dynamic blend of residential and retail spaces, making it an ideal investment for those looking to capitalize on the thriving student population and vibrant local community. **Property Highlights:** - **Mixed-Use Development:** This property features two retail spaces on the ground floor, perfectly positioned to attract foot traffic from both students and locals. With visibility on one of the busiest streets near Michigan State University, your business will benefit from high exposure and accessibility. - **Residential Student Housing:** The top floor is dedicated to residential student housing, providing comfortable living accommodations for MSU students. This aspect of the property not only ensures steady rental income but also fosters a community atmosphere that appeals to the student demographic. - **Centrally Located:** Situated just steps away from Michigan State University, this property is surrounded by a vibrant mix of restaurants, shops, and services. Its proximity to campus makes it an attractive option for students looking for convenience and accessibility. - **Investment Potential:** With the continuous demand for student housing and retail spaces in the area, this property presents a lucrative investment opportunity for savvy investors. The combination of residential and commercial space maximizes rental potential and diversifies income streams. - **Modern Amenities:** The property is designed to meet the needs of modern tenants, featuring updated facilities and amenities that enhance the living and shopping experience. This property stands out as a prime investment opportunity in a market that continues to grow. Being on Michigan State University, the demand for both retail and residential space is consistently high. Whether you are looking to expand your portfolio or start a new venture, 547 E Grand River Ave offers the perfect blend of location, functionality, and potential for profitability. Don't miss out on this exceptional opportunity to invest in East Lansing's thriving real estate market.
Location
State MI
County Ingham
Interior
Heating Other
Cooling Other
Laundry In Unit,Other
Exterior
Parking Features Outside
View Y/N No
Building
Sewer Public Sewer
Schools
High Schools East Lansing
School District East Lansing
Others
Acceptable Financing Other,Cash,Conventional
Listing Terms Other,Cash,Conventional