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134 E Edgewood Blvd
Lansing, MI 48911
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Nearby retailers include Target, Menard’s, Meijer, and Gordon Food Service.
- Located within minutes to the onramp for Interstate 96, and is a short drive from Michigan State University’s main campus.
- The current layout is relatively open and offers a variety of options in terms of configuration and layout for a future owner.
EXECUTIVE SUMMARY
Edgewood represents a unique opportunity from a business and real estate perspective. The current business, Edgewood Wellness, is currently entitled with the City of Lansing and the State of Michigan to operate with an adult use recreation cannabis license, designated consumption facility approval, and has been in operation since 2019. Current ownership is open to a variety of deal structures, including a joint venture or outright sale. Ownership is also open to a split sale - whereby the real estate would be sold separately from the licenses.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
17,700 SF
Building Class
C
Year Built
2005
Tenancy
Single
Building Height
2 Stories
Building FAR
0.35
Lot Size
1.17 AC
Opportunity Zone
Yes
Zoning
C-1 - Commercial
Parking
82 Spaces (4.63 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 01-05-09-401-012 | Improvements Assessment | $1,576,291 CAD |
| Land Assessment | $123,009 CAD | Total Assessment | $1,699,300 CAD |
PROPERTY TAXES
Parcel Number
01-05-09-401-012
Land Assessment
$123,009 CAD
Improvements Assessment
$1,576,291 CAD
Total Assessment
$1,699,300 CAD
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