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4221 N Grand River Ave, Lansing, MI
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4221 N Grand River Ave, Lansing, MI
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
© 2024 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.
260 E. Brown Street, Ste 150
Birmingham, MI 48009
Phone: 248.646.7701
Berkadia.com
Investment Sales
Detroit Office
CONTACT Info
Mortgage Banking
Alex Bonda
Director 248.208.0533 alex.bonda@berkadia.com
Luke Safranek
Senior Director 248.208.3466 luke.safranek@berkadia.com
Rick Brace
Senior Director
248.341.3319
rick.brace@berkadia.com
Conor David
Director
614.796.0222
conor.david@berkadia.com
Mike MCclafferty
Associate Director
215.328.1298
mike.mcclafferty@berkadia.com
Charley Henneghan
Director
248.341.3303
charley.henneghan@berkadia.com
Kevin P. Dillon
Senior Managing Director
248.341.3309
kevin.dillon@berkadia.com
Corey Krug
Senior Director
248.341.3338
corey.krug@berkadia.com
Jason Krug
Senior Managing Director
248.341.3344
jason.krug@berkadia.com
PHOTO GALLERY
Economic Growth
Lansing's economy has experienced steady growth in recent years. Demand for rental housing in this area is primarily driven by the 'Feds ‘Eds and Meds’ sectors, which refers to the dominant employment drivers of government, education, and healthcare. The economy is anchored by Michigan State University, which has over 51,000 enrolled students (2024), and Sparrow Health System (recently acquired by UM Health), with 7,500 employees. The East Lansing/Lansing MSA has many government jobs, startups, and automotive-focused employers, creating a wide range of job opportunities. The constant flow of students, along with young professionals and families, ensures a high demand for rental housing.
Market Information:
Lansing, Michigan is the capital city of the state and is centrally located between Detroit and Grand Rapids. The city is home to numerous government institutions, including the Michigan State Capitol. It is also a hub for business and industry, particularly in the automotive and manufacturing sectors. With a population of approximately 600,000, the Lansing MSA is known for its abundance of jobs and its proximity to Michigan State University. Lansing has a well-developed infrastructure, including excellent transportation networks, healthcare facilities, educational institutions, and recreational amenities. Lansing's local government has shown a commitment to promoting real estate development by offering a range of incentives and supportive policies. These include tax abatements, grants, and expedited permitting processes, which are designed to encourage development.
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Rental Market
The Ingham County submarket contains over 30,000 market rate apartments. Q2 occupancy was approximately 95%
Ease of Access to Major Thoroughfares
Frontage on Grand River Ave. which provides access to I-96, US 127, I-69 and I-496.
Adjacent to the Capital Region International Airport (LAN)
Located immediately southeast of a major international airport entrance.
Favorable Lifestyle
Residents enjoy access to amenities of Downtown Lansing and East Lansing.
Free and Clear of Debt
Property is offered free and clear for a new owner to take advantage of a new financing opportunity.
Property Highlights:
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[CEROS OBJECT]
AMENITIES
Air Conditioning
Plank Flooring
White Kitchen Cabinets
Refrigerator
Range
Disposal
Tub / Shower
On-Site Laundry
QUICK STATS
10,050 SF
SF
4.14 Units / Acre
Density
838 SF
Average SF
21 Spaces
Total Parking
2.5
Stories
1
Buildings
1965
Built
12
UNITS
0.29 Acres
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