933 Grand River AveEast Lansing, MI 48823

Property Details for 933 Grand River Ave

Year built

1953

Lot size

0.23 AC

Property size (Sq ft)

2,222 SF

Zone code

B2

Property type

Office buildings

APN

33-20-02-18-402-005

APU

33200218402005

Description

This exceptional 2,222 square foot freestanding building presents a unique opportunity for a discerning business. Located directly across from Michigan State University and the bustling Hub on Campus, this high-visibility property boasts unparalleled access and exposure. The building's single-tenant occupancy offers flexibility and control, while its convenient location near student housing, popular amenities, and major retailers ensures a steady stream of potential customers. The property features 16 private parking spaces, a significant advantage in this high-traffic area, accessible from both East Grand River Avenue and Durand Street. The building's zoning is Commercial, situated in Ingham County. In addition to the main 2,222 square feet of space, there is also additional lower-level space available, providing further expansion potential. The property's proximity to a 7-Eleven, Pita Way, Target, Walgreens, Starbucks, and Buffalo Wild Wings makes it an ideal location for a variety of retail or service businesses, such as a coffee shop or insurance agency. This is a rare opportunity to secure a prime commercial space in a thriving, high-demand location. The entire building is currently vacant, offering immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $139,004

  6.5%

  $128,311

  7%

  $119,146

• Comparable approach

  Method

  Valuation

  Relative Method

  $207,846

  Geo Method

  $207,846

• Alternative Use

  Use

  Valuation

  Residential

  $159,106

  Hospitality

  $145,740

  Educational

  $121,254

  Medical

  $125,424

  Retail

  $188,617

Location Insight

City

East Lansing

County

Ingham

State

Michigan

Latitude

42.7322

Longitude

-84.4713

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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