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    516 E Grand River Ave Lansing, MI 48906

    Pending
    For Sale
    $399,000

    COMMERCIAL - Ranch - Lansing, MI

    Type:Single Family Residence
    Property size:
    1,587 SF
    Lot size:
    0.20 Acres
    Days on Market:
    476
    Last Refresh:
    Dec 11 at 7:06 am

    Property Features for 516 E Grand River Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Single Family Residence
    Standard status
    Pending
    APN
    33-01-01-09-427-061 & 33-01-01-09-427-071
    Parking features
    Garage
    Exterior features
    Lighting
    Appliances
    Water Heater, Refrigerator, Cooktop, Free-Standing Freezer, Dishwasher, Freezer, Gas Water Heater, Microwave, Range Hood
    Size
    1,587 SF
    Lot size
    0.20 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Window Unit(s), Central Air, Ceiling Fan(s)
    Water source
    Public

    Building Details

    Year built
    1928
    Floors in Building
    1
    Flooring type
    Tile - Ceramic, Laminate
    Building materials
    Concrete
    Roof type
    Metal
    Architectural style
    Ranch
    Additional Structures
    Storage

    Weichert, Realtors - Property Mart (989) 224-6781 [email protected]

    Listing agent Jennifer L Saxton (517) 819-4148 License #20336

    Listing date Aug 23, 2024

    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

    Established Diner in Lansing, MI

    This commercial property, currently operating as Old Town Diner, is located in Lansing, MI. The 1,587 square-foot diner was fully remodeled in 2007. The property includes a kitchen and a spacious dining area. Parking is available in the front, with additional parking in the rear. A three-car garage is located at the back of the property. The lot size is 0.2 acres. The property is suitable for restaurant or retail use.
    Location Intelligence

    Current Use by Public Records

    Breakfast & diners

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Similar Places Nearby

    Cozy Koi Bed & Breakfast

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Eaton
    State
    Michigan
    Longitude
    -84.54555
    Latitude
    42.747079

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    FAQs

    What type of property is this?
    Breakfast & diner - Remodeled diner with parking and a three-car garage.
    Where is this breakfast & diner located?
    The property is located at 516 E Grand River Ave Lansing, MI.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: - Fully remodeled in 2007.; - Spacious diner with a well-equipped kitchen.; - Ample parking: front and rear parking available.
    (517) 819-4148
    Request Owner's contact information
    516 E Grand River Ave Lansing, MI 48906
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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
    516 E Grand River Ave Lansing, MI 48906
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