Receiver Sale: Former Rite Aid | Lansing MSA | 29K VPD

Highlights:

• Prime Redevelopment Opportunity: Former Rite Aid building totaling 11,035 SF on a 1.97-acre lot with excellent visibility.
• High Traffic Location: Situated at the intersection of Cedar St and Holt Rd with exposure to 29,000 vehicles per day (VPD).
• Flexible Building Layout: Open floorplan suitable for hardware, discount retail, medical services, or other concepts.
• Thriving Retail Corridor: Chesterfield Commons, anchored by Kroger, is two blocks east and attracts 1.6 million visits annually.
• Strong Market Fundamentals: Holt offers convenient access to Michigan State University, Lansing’s government centers, and major highways (I-96 and US-127). The area has seen robust growth with new retail and residential developments, including Chick-fil-A (2026) and Esker Square Apartments (2024).

Description:

Ri Marketplace Online Auction December 15th-17th, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2889/receiver-sale-former-rite-aid-lansing-msa-29k-vpd?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2889

Jones Lang LaSalle Americas, Inc. (JLL), in conjunction with RI Marketplace, is pleased to present for sale the former Rite Aid Pharmacy located at 2263 Cedar Street, Holt, MI. The Property consists of an 11,035 SF building on a 1.97-acre lot positioned along a high-traffic corridor with exposure to more than 29,000 vehicles per day.

The building’s adaptable layout and expansive site make it ideal for a variety of uses, including hardware, discount retail, medical services, and more. The surrounding area benefits from strong retail activity and recent development, including Chesterfield Commons (anchored by Kroger), new apartment communities, and planned retail expansions. Holt’s strategic location near Michigan State University and Lansing’s government centers ensures consistent demand and growth.

This offering provides investors with a rare opportunity to acquire a low-basis asset with tremendous optionality and favorable real estate fundamentals in a thriving market.


Jerry Helmer
c/o Fisher Auction Company Inc.
License: 6504064915
The platform fee for this transaction is the greater of 5.00% or a minimum of $25,000.

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