4400 Grand River AveLansing, MI 48906

Property Details for 4400 Grand River Ave

Year built

1996

Lot size

0.88 AC

Property size (Sq ft)

2,456 SF

Zone code

F COMM

Property type

Drive through restaurants

APN

33-01-01-06-201-061

APU

33010106201061

Description

This exceptional 1.81-acre commercial redevelopment opportunity is ideally situated at the corner of Grand River Avenue and Capital City Boulevard, directly across from the Capital City Airport in Lansing, Michigan. The property boasts incredible frontage and accessibility, making it suitable for a wide range of commercial uses. The site currently features two vacant buildings, totaling 4,578 square feet, constructed in 1976 and 1996. Previously occupied by a Burger King and a bank, this prime location offers significant potential for redevelopment. The property is zoned for commercial use and presents a unique chance to capitalize on the area's growth and high traffic volume. The asking price is $859,950, translating to $187.84 per square foot. The buildings are classified as Class B and the lease type is NNN. The property is offered vacant, with no remaining lease term. The parcel numbers are 33-01-01-06-201-071 and 33-01-01-06-201-061. This is a rare opportunity to acquire a significant commercial property in a high-traffic area with excellent visibility and redevelopment potential. The seller is willing to sell each building independently.

• CAP approach

  CAP return

  Valuation

  6%

  $221,862

  6.5%

  $204,795

  7%

  $190,167

• Comparable approach

  Method

  Valuation

  Relative Method

  $201,296

  Geo Method

  $201,296

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $450,575

  Mixed-Use / Specialty

  $183,374

  Hospitality / Lodging

  $107,597

  Office

  $160,734

  Institutional / Educational

  $183,240

  Residential Income

  $214,391

  Multifamily

  $371,837

  Automotive / Energy

  $157,063

  Parking / Income-Based Land

  $74,643

  Restaurant / Food Service

  $51,215.40

  Healthcare / Senior Housing

  $209,265

Location Insight

City

Lansing

County

Ingham

State

Michigan

Latitude

42.7669

Longitude

-84.5899

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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