3101 E Grand River Ave - Bowling Alley FOR SALE


Lansing, MI 48912- Groesbeck Area
$4,950,000 USD
734-846-8045
3101 E Grand River Ave, Lansing, MI for Sale
$4,950,000 USD
Bowling Alley - FOR SALE
1/3
null | Request Cap Rate

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. Call for massing plans and further discuss. This rare infill site presents a compelling development opportunity within the Michigan State University campus, offering the potential for immediate redevelopment and long-term value creation. The property is well positioned for a higher-density development concept and may support a mid-rise residential project, as well as a variety of other permitted uses under the current zoning. Potential uses may include drive-through concepts, retail, commercial, service-oriented businesses, and mixed-use development, providing flexibility to accommodate a range of investment strategies and market demands. The site’s existing characteristics and zoning framework create an opportunity for a developer to evaluate adaptive reuse, redevelopment, or a new construction concept tailored to the surrounding university environment. A residential or mixed-use project could capitalize on the consistent demand generated by students, faculty, staff, university-affiliated users, and the broader East Lansing community, while commercial and service uses could benefit from the property’s institutional setting and established customer base. Strategically located within one of the Midwest’s largest and most stable university environments, the property benefits from the significant economic and demographic activity associated with Michigan State University. This location provides multiple potential demand drivers and supports a broad range of development possibilities, making the site particularly attractive for investors and developers seeking flexibility, density, and proximity to a major institutional anchor. With the ability to pursue residential, retail, drive-through, service, or mixed-use applications, the property offers a unique opportunity to create a project that responds to current market demand while positioning the site for future growth. 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

$4,950,000 USD

PRICE/SF

$116 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.