1000 Trowbridge RdEast Lansing, MI 48823

Property Details for 1000 Trowbridge Rd

Year built

1977

Lot size

0.82 AC

Property size (Sq ft)

2,184 SF

Zone code

B2

Property type

Drive through restaurants

APN

33-20-01-24-122-017

APU

33200124122017

Description

This exceptional 2,500 square foot quick-service restaurant space in East Lansing, Michigan, presents a unique investment opportunity. Located at 1000 Trowbridge Rd, 48823, this single-story building boasts a completely renovated interior, offering a modern and appealing environment for any quick-service restaurant concept. Previously a Wendy's, the property benefits from existing infrastructure, including a fully equipped commercial kitchen, four walk-in coolers, and ample storage and prep areas. The design allows for both indoor and outdoor seating, catering to a diverse clientele. The space is turnkey, meaning it comes fully furnished and equipped, minimizing start-up costs and allowing for a rapid launch. Its prime location offers unparalleled access to a significant consumer base. The proximity to Michigan State University, with its 50,000+ students and 13,000 faculty members, the Lansing State Capitol, and the Breslin Events Center ensures high foot traffic and a large potential customer pool. This is an ideal opportunity for an established QSR brand or an ambitious entrepreneur seeking a ready-to-operate location in a thriving Michigan market. The property is available for multiple tenants.

• CAP approach

  CAP return

  Valuation

  6%

  $200,841

  6.5%

  $185,392

  7%

  $172,149

• Comparable approach

  Method

  Valuation

  Relative Method

  $514,814

  Geo Method

  $514,814

• Alternative Use

  Use

  Valuation

  Residential

  $156,385

  Hospitality

  $143,248

  Educational

  $119,180

  Medical

  $123,279

  Retail

  $185,392

Location Insight

City

East Lansing

County

Ingham

State

Michigan

Latitude

42.7206

Longitude

-84.4964

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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