2930 Grand River AveLansing, MI 48906

Property Details for 2930 Grand River Ave

Year built

1966

Lot size

0.40 AC

Property size (Sq ft)

2,521 SF

Zone code

J & F

Property type

Day care centers & nurseries

APN

33-01-01-05-330-111

APU

33010105330111

Description

This exceptional 0.4-acre commercial land parcel at 2930 N Grand River Avenue in Lansing, Michigan, presents a unique investment opportunity. Currently configured as a fully operational daycare center, this property is licensed to accommodate up to 33 children. The sale includes all existing contents, providing a seamless transition for a new owner. Located in Ingham County, with a convenient address in Lansing, MI 48906 (42.7619232, -84.5726516), this property offers immediate income potential. The asking price is $299,900. The property is classified as Special Purpose and is categorized as Commercial, Other. Given its existing setup and licensing, this property is ideal for an entrepreneur seeking a ready-to-operate business or an investor looking for a stable, income-generating asset. The turnkey nature of this offering minimizes start-up costs and allows for immediate revenue generation. The inclusion of all contents further enhances the value proposition, eliminating the need for significant upfront investment in equipment and furnishings. This is a rare opportunity to acquire a well-established and profitable business in a desirable location. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $154,160

  6.5%

  $142,302

  7%

  $132,137

• Comparable approach

  Method

  Valuation

  Relative Method

  $271,186

  Geo Method

  $271,186

• Alternative Use

  Use

  Valuation

  Residential

  $180,516

  Hospitality

  $165,351

  Educational

  $137,570

  Medical

  $142,302

  Retail

  $213,998

Location Insight

City

Lansing

County

Ingham

State

Michigan

Latitude

42.7621

Longitude

-84.5725

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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