3101 E Grand River Ave - Bowling Alley FOR SALE


Lansing, MI 48912- Groesbeck Area
$5,200,000 USD
734-846-8045
3101 E Grand River Ave, Lansing, MI for Sale
$5,200,000 USD
Bowling Alley - FOR SALE
1/11
null | Request Cap Rate

NEW


3101 E Grand River Ave
Lansing, MI 48912
Groesbeck Area


OVERVIEW

This Offering Memorandum presents a rare opportunity to acquire and redevelop a 3.3-acre MX-2 zoned property located within the Michigan State University campus market in Lansing, Michigan. The site is currently improved with an approximately 42,800 square foot existing building, offering immediate adaptive reuse potential or a clear path toward higher-density mixed-use redevelopment. The property is strategically positioned to serve one of the Midwest’s largest and most stable institutional anchors—Michigan State University—creating strong demand drivers for residential, retail, and service-oriented uses. MX-2 in Lansing = urban mixed-use district allowing: Retail + service commercial Office Multifamily residential Select entertainment uses (with approval) …all in a denser, pedestrian-oriented format rather than suburban development. The site lends itself to a densified, walkable mixed-use environment, potentially including: 3–5 story mixed-use buildings Activated street frontage with retail Integrated structured or screened parking Public gathering spaces or courtyards

FOR SALE DETAILS

PRICE

$5,200,000 USD

PRICE/SF

$154 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Spare Time

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bowling Alley

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1962

SPRINKLERS

-

PARKING SPACES

180

LAND DETAILS

CROSS STREETS

Grand River Ave and US 127

LAND ACRES

3.3 AC

LAND SF

143,748 SF

ZONING

Commercial

APN/PARCEL ID

01-01-11-476-021

ASK ABOUT THIS PROPERTY

Leo GonzalezCRS Commercial Real Estate ServicesMore Info
734-846-8045

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Leo GonzalezCRS Commercial Real Estate ServicesMore Info
734-846-8045

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.