Central Park Plaza

Highlights:

• CLASS A RETAIL CENTER - 19,168 SF retail and office center featuring attractive brick construction, prominent storefronts and landscaped grounds.
• HIGH-VISIBILITY HARD CORNER - Located at Grand River Avenue and Central Park Drive with excellent visibility and convenient access from both thoroughfares.
• 100% OCCUPIED | NNN LEASES - Fully occupied by 10 tenants, all operating under NNN leases with expense reimbursements. Most tenants also pay an admin fee.
• AFFLUENT OKEMOS DEMOGRAPHICS - Average household income exceeds $154,000 within one mile, with approximately 90,477 residents within five miles.
• NEAR MICHIGAN STATE UNIVERSITY - Close to MSU and its 51,838 students, providing a substantial demand base of students, faculty, staff and visitors.
• PROXIMITY TO DOWNTOWN LANSING -Convenient access to Michigan’s state capital and the region’s government, business and employment centers.
• BANK OF AMERICA WITH DRIVE-THROUGH - Longstanding national tenant with drive-through banking and a lease extending through July 2031.
• DIVERSE TENANT MIX - Bank of America, Domino’s, Milan Laser, Liberty Mutual, Moka & Co. and local operators provide a diversified mix of uses.
• SERVICE-ORIENTED TENANCY - Dining, banking, wellness and service-based tenants encourage repeat visits and offer limited exposure to e-commerce competition.
• LARGE 2.99 - ACRE SITE - Ample surface parking, convenient storefront access and strong circulation throughout the property.
• ESTABLISHED TENANCY - Longstanding tenants include Bank of America and Pacific Tan, while Domino’s lease extends through April 2036. Multiple tenants maintain renewal options.

Description:

.

Located in the eastern portion of the Lansing-East Lansing metropolitan area, Okemos, Michigan is an established and affluent suburban community recognized for its strategic location, exceptional demographics, and thriving commercial corridors. Positioned with immediate access to Interstate 96 and nearby Interstate 69, Okemos offers outstanding regional connectivity throughout Mid-Michigan and the broader Midwest. The community's location along the bustling Grand River Avenue corridor makes it a highly attractive destination for retailers, corporate office users, and employers seeking convenient access to major transportation routes.

Okemos benefits from the economic stability of the state capital region while maintaining the advantages of a premier suburban community. Within a 3-mile radius, the area boasts nearly 43,000 residents and an average household income exceeding $125,000, reflecting long-term residential stability, immense purchasing power, and average home values surpassing $337,000. With its dense population and elevated income levels, Okemos demonstrates a thriving local consumer base that robustly supports both national retailers and specialized businesses.

Okemos actively encourages commercial investment, offering premium real estate opportunities, top-tier housing, highly-rated public school districts, and a strong municipal commitment to business expansion. These characteristics have helped attract new employers and continued private investment, particularly throughout the Grand River Avenue and Okemos Road commercial corridors.

Supported by a diverse regional economy anchored by major drivers like Michigan State University and the State Capitol, Okemos boasts a solid foundation that continuously fuels commercial real estate demand. Ultimately, Okemos presents an exceptionally attractive Midwestern market for investors, offering affluent demographics, excellent accessibility, a supportive business climate, and long-term economic stability.

---

Report Listing This listing was syndicated through: