Rite Aid

For Sale

2489 E Lake Lansing Rd, East Lansing, MI 48823

This East Lansing property for sale is located at 2489 E Lake Lansing Rd. The general use of Rite Aid is retail and it incorporates 14,520 square feet of class C retail space. Contact the listing broker for details on the current sale price for Rite Aid. Rite Aid is situated on a lot that is 2.29 acre in size.

Contacts

broker

Evan Lyons

Encore Real Estate Investment Services

Property Details

  • Property Type Retail - Freestanding
  • Property Size 14,520 SF
  • Lot Size 2.29 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Single Tenant
  • Building Class C
  • Year Built 2008
  • Date Updated Aug 26, 2024
Lansing is the capital of the U.S. state of Michigan. It is located mainly in Ingham County, although small portions of the city extend into Eaton County. The 2010 Census places the city’s population at 114,297, making it the fifth largest city in Michigan. The population of its Metropolitan Statistical Area was 464,036, while the even larger Combined Statistical Area (CSA) population, which includes Shiawassee County was 534,684. The Lansing Metropolitan Area, colloquially called “Mid-Michigan”, is an important center for educational, cultural, governmental, commercial, and industrial functions. The area is home to two medical schools, one veterinary school, two nursing schools, two law schools (including Th omas M. Cooley and Michigan State University College of Law), a Big Ten Conference university (Michigan State), the Michigan State Capitol, the state Supreme Court and Court of Appeals, a federal court, the Library of Michigan and Historical Center, and headquarters of four national insurance companies. Lansing is the only U.S. state capital (among the 47 located in counties) that is not also a county seat. The county seat of Ingham County is Mason, but the county maintains some offices in Lansing. The Grand River, the largest river in Michigan, flows through downtown Lansing; and the Red Cedar River, a tributary of the Grand, flows through the campus at Michigan State University. There are two lakes in the area, Park Lake and Lake Lansing, both northeast of the city. Lake Lansing is approximately 500 acres in size and is a summer favorite for swimmers, boaters, and fishermen. Michigan State University Sailing Club and the Lansing Sailing Club are located on Lake Lansing, where sailing regattas are hosted throughout the summer..

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Highlights

  • 14,520 SF Modern Free-Standing Building
  • Store Survived Bankruptcy Restructure | New Lease Executed
  • Rent Re-Sized for Upcoming Purchaser | New Lease Rent Reduced by 40% to Improve Operations
  • Built to Suit for Rite Aid in 2008
  • Total Population Within 5 Miles is in Excess of 124,970 people
  • Average Household Income Exceeds $134,389 Within a Mile

Getting around

  • 15/100

    Walk Score ®

  • 65/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City East Lansing, MI
  • Neighborhood East Lansing
  • Zip Code 48823
  • Market Detroit

Points of Interest

  • Costco Gasoline

    0.43 miles

  • Mobil

    0.86 miles

  • Marathon

    1.11 miles

  • Mobil

    1.20 miles

  • Meijer

    1.62 miles

  • Shell

    2.01 miles

  • Admiral Petroleum

    2.17 miles

  • Marathon

    2.22 miles

  • Speedway

    2.24 miles

  • Eaton

    2.28 miles

  • visitor parking

    0.96 miles

  • staff parking

    1.01 miles

  • Office Visit Parking

    2.01 miles

  • Staff Parking Lot

    2.05 miles

  • Student/Event Parking Lot

    2.06 miles

  • Bailey Street Parking

    2.32 miles

  • Lot 2

    2.33 miles

  • Lot 20

    2.34 miles

  • Lot 29

    2.36 miles

  • Division Street Garage

    2.37 miles

  • Fiesta Charra

    0.37 miles

  • Wok and Roll

    1.14 miles

  • Cheezy D's Deli & Dogs

    1.63 miles

  • The Watershed

    1.63 miles

  • Jet's Pizza

    1.66 miles

  • Subway

    1.70 miles

  • China Express

    1.70 miles

  • Pizza Hut

    1.73 miles

  • Subway

    1.75 miles

  • Blondie's Barn

    1.76 miles

  • Whole Foods Market

    1.94 miles

  • Asian Market

    1.97 miles

  • Foods for Living

    2.14 miles

  • ALDI

    2.19 miles

  • JCPenney

    2.24 miles

  • Meridian Mall

    2.35 miles

  • Macy's

    2.44 miles

  • Marshalls

    2.49 miles

  • Walmart Supercenter

    2.50 miles

  • Target

    2.53 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Evan Lyons

Encore Real Estate Investment Services