Rite Aid

2489 E Lake Lansing Rd, East Lansing, MI 48823

  • For Sale $2,980,000
  • 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 Jun 25, 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

Contacts

broker

Evan Lyons

Encore Real Estate Investment Services

Location

Getting Around

  • Walk Score ®

    15/100 Car-Dependent
  • Bike Score ®

    65/100 Bikeable
Powered by Walk Score ®
  • 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

Frequently Asked Questions

How much does Rite Aid cost?

The space currently listed for sale at Rite Aid asks for $2,980,000.

What is the total square footage of Rite Aid?

Rite Aid totals 14,520 square feet.

When was this property built?

Rite Aid was built in 2008.

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Contact Listing Broker

broker

Evan Lyons

Encore Real Estate Investment Services