Development Land Just North of I-96 / S MLK Blvd

Vacant Land for Sale
Catylist Listing ID: 29925310
Property Subtypes: Retail
Gross Land Area: 0.81 - 3.06 Acres
Sale Price: $1,100,000
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 1/19/2018

Overview / Comments

This land sits at the corner of Pleasant Grove and S MLK Blvd at the first signalized corner North of the I-96 interchange. The location is ideal for both highway service, such as fast food as well as neighborhood service. With daily traffic counts on S MLK of 18,426 and 5,900 on Pleasant Grove, the property has great exposure and multiple ingress / egress points on two roads. Plus, the property is just seconds from I-96 with average daily traffic of 40,600.

These properties are available as separate parcels priced as:
Parcel A $250,000
Parcel B $500,000
Parcel C $350,000

Trades for other income producing commercial properties will be considered.

Populations is 120k +/- in the 5 miles surrounding the property.

Additional Details

Nearest MSA: Lansing-East Lansing
County: Ingham
Taxing Authority: City of Lansing
Tax ID/APN: Multiple
Property Visibility: Excellent
Largest Nearby Street: S MLK (Logan)

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,919 64,726 153,208
Median Age: 30.82 36.33 34.47
Households: 3,471 26,930 62,273


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