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Joe Mullaney

[email protected] +1(517) 204-4004

Listed by Weichert, Realtors - Home Towne

$ 1,900,000

Est. payment -/mo

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547-549 E Grand River AVE East Lansing, MI 48823

3,484 Sqft Lot

UPDATED:

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

Acres 0.08

Lot Dimensions 32.82x111

Property Sub-Type Commercial Sale

Source Greater Lansing Association of REALTORS®

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

Direction West on East Grand River Ave, Right on Bailey Street, Turn into Bailey Street Parking Lot.

Rooms

Basement Exterior Entry

Interior

Heating Other

Cooling Other

Laundry In Unit, Other

Exterior

Parking Features Outside

View Y/N No

Building

Lot Size Range 0.08

Sewer Public Sewer

Schools

High Schools East Lansing

School District East Lansing

Others

Tax ID 33-33-20-02-18-168-009

Acceptable Financing Other, Cash, Conventional

Listing Terms Other, Cash, Conventional

Joe Mullaney

Broker Associate | License ID: mm.mullajos

+1(517) 204-4004

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Lansing, MI

Joe Mullaney

547-549 E Grand River AVE East Lansing, MI 48823

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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547-549 E Grand River AVE

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