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Majestic Plaza

Off-Market

2775 East Grand River Avenue, East Lansing, MI 48823

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  • Property Type Retail - Neighborhood Center
  • Property Size 75,522 SF
  • Lot Size 8.85 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1964

Location

  • Walk Score ® Somewhat Walkable (58)
  • Bike Score ® Bikeable (63)
Powered by Walk Score ®
  • City East Lansing, MI
  • Zip Code 48823
  • Market Detroit

Points of Interest

East Lansing

2.15 miles

Shell

0.22 miles

Marathon

0.50 miles

ChargePoint

0.64 miles

ChargePoint

0.79 miles

Admiral Petroleum

0.80 miles

ChargePoint

1.28 miles

GE

1.32 miles

ChargePoint

1.40 miles

Marathon

1.50 miles

ChargePoint

1.50 miles

Lot 29

0.44 miles

Lot 31

0.48 miles

Lot 33

0.51 miles

Lot 20

0.52 miles

Lot 28

0.53 miles

Lot 33

0.57 miles

Lot 91

0.61 miles

Lot 32

0.62 miles

Lot 112

0.64 miles

Lot 30

0.66 miles

AI Fusion Sushi & Grill

0.04 miles

IHOP

0.09 miles

Denny's

0.22 miles

Sir Pizza

0.34 miles

Boiling Pots

0.34 miles

Sindhu's

0.45 miles

Pizza House

0.46 miles

Jimmy John's

0.46 miles

Sultan's

0.49 miles

Grand Traverse Pie Company

0.53 miles

Asian Market

0.18 miles

Whole Foods Market

0.19 miles

Foods for Living

0.33 miles

Meijer

1.56 miles

JCPenney

1.69 miles

Macy's

1.74 miles

Meridian Mall

1.79 miles

Gordon Food Service

1.96 miles

Better Asian Mart

2.07 miles

Fresh Thyme

2.08 miles

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 11 May, 2012
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date
  • Loan Maturity Date

Market Trends

Average Actual Rents in East Lansing

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
Unlock on CommercialEdge
Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
Unlock on CommercialEdge

Asking Rents in East Lansing Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $24.61
  • 2020 Office Vacancy Rate 7.84%
  • 2020 Office Completions (SF)
View more East Lansing market trends

Tax

  • Base Tax $234,327
  • Current Tax $214,755
  • Market Value* $6,728,400
  • Assessed Value $6,728,400

Find more tax info, including assessment history and abatements, on CommercialEdge

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of Majestic Plaza?

Majestic Plaza totals 75,522 square feet.

When was this property built?

Majestic Plaza was built in 1964.

When was Majestic Plaza last sold?

Majestic Plaza was last sold on 11 May, 2012.

What is the market value for Majestic Plaza?

The market value* for Majestic Plaza in 2022 was $6,728,400.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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