311 Grand River AveEast Lansing, MI 48823

Property Details for 311 Grand River Ave

Year built

2000

Lot size

0.43 AC

Property size (Sq ft)

16,242 SF

Zone code

B2

Property type

Retail residential properties

APN

33-20-01-13-238-001

APU

33200113238001

Description

This exceptional mixed-use building, located at 311 W Grand River Ave in East Lansing, MI 48823, offers a prime retail and restaurant opportunity. The property boasts 16,000 total square feet spread across three stories in a single building constructed in 2000. Currently, there are two suites available, totaling 4,420 square feet of vacant space. The maximum contiguous space available is 4,420 square feet, ideal for a larger tenant. The building features excellent street-level visibility on W. Grand River Ave, with large glass windows showcasing the space. One suite, formerly a quick-service restaurant, includes a large hood system, a three-compartment sink, a service window, and a lobby area. This space is perfect for a similar concept or a business requiring these existing features. The second suite, previously a flower shop, is adaptable to a variety of retail uses, such as a coffee shop, tea shop, or insurance agency. The property's location in downtown East Lansing provides exceptional access to Michigan State University, surrounding neighborhoods, and off-campus student housing, ensuring high foot traffic and visibility. The Ingham County location (APN: 33-20-01-13-238-001) offers a thriving market for businesses catering to students and the local community. This is a rare opportunity to secure a prominent retail space in a high-demand area.

• CAP approach

  CAP return

  Valuation

  6%

  $1,259,922

  6.5%

  $1,163,005

  7%

  $1,079,933

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,354,879

  Geo Method

  $2,354,879

• Alternative Use

  Use

  Valuation

  Residential

  $1,163,005

  Hospitality

  $1,065,306

  Educational

  $886,322

  Medical

  $916,804

  Retail

  $1,378,724

Location Insight

City

East Lansing

County

Ingham

State

Michigan

Latitude

42.7362

Longitude

-84.4884

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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