For Sale
$450,000

5000 Grand River AveLansing, MI 48906

Established eatery, prime location, high potential.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional opportunity presents the acquisition of the Airport Tavern and Steakhouse, a well-established Lansing restaurant and bar. Located at 5000 N Grand River Ave, in Ingham County, Michigan, 48906, this thriving business boasts a rich history spanning 54 years. The property sits on a generous 1.3-acre lot and encompasses 3,705 square feet of commercial space, built in 1929. Currently operating Tuesday through Saturday from 4:00 PM to 9:00 PM, serving food and drinks, the business is zoned for commercial use. The asking price is $450,000, translating to $121.46 per square foot. Detailed financial information is available upon execution of a confidentiality agreement. This turnkey operation presents a unique chance to own a long-standing community favorite in a desirable Lansing location. The property's size and location offer significant potential for expansion and increased revenue streams. Serious inquiries only.

Highlights

  • $450,000 asking price for this established Lansing, MI restaurant.
  • 3,705 square foot retail space.
  • Located on 1.3 acres at 5000 N Grand River Ave, Lansing, MI 48906.
  • $121.46 per square foot.
  • Built in 1929 with Commercial zoning.
  • Operating as a bar and restaurant for 54 years.

Property Details for 5000 Grand River Ave

Property type
Retail properties, Restaurants
Square Feet
3,705 SF
Year Built
1929
Lot Size (sq. ft)
56,628 SF

Location Insight

City
Lansing
County
Ingham
State
Michigan
Latitude
42.768350701052
Longitude
-84.596225576779
5000 Grand River Ave, Lansing, Michigan

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5000 Grand River Ave
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