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    1938 W Grand River Ave Okemos, MI 48864

    Under Contract
    For Lease
    $27 SF/Yr

    COMMERCIAL - Ranch - Okemos, MI

    Type:Single Family Residence
    Property size:
    9,251 SF
    Lot size:
    2.79 Acres
    Days on Market:
    264
    Last Refresh:
    Dec 13 at 8:06 pm

    Property Features for 1938 W Grand River Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Single Family Residence
    Standard status
    Active Under Contract
    APN
    33-02-02-22-153-003
    Parking features
    Parking Lot
    Exterior features
    Awning(s)
    Accessibility
    Accessible Approach with Ramp
    Size
    9,251 SF
    Lot size
    2.79 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1977
    Floors in Building
    1
    Building materials
    Wood Siding
    Roof type
    Flat, Shingle
    Architectural style
    Ranch

    Musselman Realty (517) 332-3582 [email protected]

    Listing agent David Ledebuhr (517) 332-3582 License #6502109685

    Listing date Mar 25, 2025

    Copyright © 2025 Greater Lansing Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Restaurant Space Near Meridian Mall

    This commercial property, constructed in 1977, offers a prominent hard corner location across from the Meridian Mall in Okemos, Michigan. The building, with a size of 9251 square feet, has a history as a restaurant location, having previously housed The Whaling Station, Mountain Jacks, Rio Bravo, and Old Chicago. The property is situated on a 2.79-acre lot. The annual rent is $245,151, translating to a monthly rent of $20,429 and a per-square-foot cost of $26.50. The property is located at 1938 W Grand River Avenue.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Okemos
    County
    Ingham
    State
    Michigan
    Longitude
    -84.418736
    Latitude
    42.720778

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    FAQs

    What type of property is this?
    Restaurant - Restaurant-ready commercial space in a high-traffic location near Meridian Mall.
    Where is this restaurant located?
    The property is located at 1938 W Grand River Ave Okemos, MI.
    What is the lease rate?
    The lease rate is $27 SF/Yr.
    What are key features of this property?
    This property features: - High-visibility hard corner location across from the Meridian Mall.; - Proven restaurant location with a history of successful establishments.; - Existing building built in 1977 with Ranch architectural style.
    (517) 332-3582
    Request Owner's contact information
    1938 W Grand River Ave Okemos, MI 48864
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1938 W Grand River Ave Okemos, MI 48864
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