For Sale
$99,500

219 Grand River Ave East Lansing, MI 48823

Turnkey Restaurant, High Traffic Area

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional business opportunity presents the chance to acquire Capo's Cheesesteak Hoagies and Grill, a profitable, fully equipped restaurant located at 219 E Grand River Ave in East Lansing, Michigan. Situated directly across from Michigan State University, this prime location boasts high foot traffic, ensuring a steady stream of customers. The 1,338 square foot space, built in 1937 and renovated in 2021, operates under a modified lease within a single-unit building on a 0.02-acre lot. The restaurant features two entrances, enhancing accessibility and customer flow. The asking price is $99,500, translating to $74.36 per square foot. This is a turnkey operation, a private brand restaurant with no royalty fees, offering immediate income potential. The property is zoned for commercial use and is an owner/user investment opportunity. This is a rare chance to own a thriving business in a vibrant, high-demand location. The property's APN is 33-20-02-18-163-013.

Highlights

  • High-visibility location directly across from Michigan State University.
  • Excellent foot traffic.
  • Established, profitable, turnkey business.
  • Owner-operated brand with no franchise fees.
  • Two convenient entrances.

Property Details for 219 Grand River Ave

Property type
Commercial real estate
Square Feet
1,338 SF
Year Built/Renovated
1937/2021
Buildings
1
Stories
1
Lot Size (sq. ft)
871 SF
Units
1

Location Insight

City
East Lansing
County
Ingham
State
Michigan
Latitude
42.7348997
Longitude
-84.4818796
219 Grand River Ave, East Lansing, Michigan

FAQs

What type of property is this?
Commercial real estate - Turnkey Restaurant, High Traffic Area
Where is the commercial real estate located?
The property is located at 219 Grand River Ave East Lansing, MI.
What is the asking price?
The asking price for this property is $99,500.
What are key features of this property?
This property features: High-visibility location directly across from Michigan State University.; Excellent foot traffic.; Established, profitable, turnkey business.
How can I contact the broker?
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219 Grand River Ave
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