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    219 East Grand River Avenue East Lansing, MI 48823

    Sponsored
    For Sale
    $99,500

    Profitable eatery near Michigan State University.

    Property size:
    1,338 SF

    Description

    Added:
    Jan 8, 2025
    Days on Market:
    363
    This fully equipped, private-brand restaurant, Capo's Cheesesteaks & Hoagies, presents a lucrative investment opportunity in the heart of East Lansing, Michigan. Located on East Grand River Avenue, directly across from Michigan State University, this establishment benefits from exceptionally high foot traffic. The 1338 square foot space is a turnkey operation, ready for immediate ownership and operation. The sale price is $99,500. The property sits on a 0.02-acre lot. This is an ideal chance to acquire a profitable business in a prime location with significant potential for growth, capitalizing on the consistent flow of students and local residents. The restaurant is categorized as a retail property and investment property, offering a blend of immediate income generation and long-term investment potential. This is a rare opportunity to own a well-established business in a vibrant and high-demand area. Serious inquiries only.

    Property Features for 219 East Grand River Avenue

    General Information

    Property type
    Restaurants
    Square Feet
    1,338 SF
    Price / Square Foot
    $74
    Elevators
    N/A
    Lot Size
    871 SF

    Building Details

    Year Renovated
    2021
    Buildings
    1

    HighLights

    • Turnkey restaurant in downtown East Lansing.
    • Profitable business opportunity with high foot traffic.
    • Located directly across from Michigan State University.
    Location Intelligence

    Current Use by Public Records

    Capo's Cheesesteak Hoagies ... Cheesesteak Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    East Lansing
    State
    Michigan
    Longitude
    -84.481818
    Latitude
    42.734942

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    FAQs

    What type of property is this?
    Restaurant - Profitable eatery near Michigan State University.
    Where is this restaurant located?
    The property is located at 219 East Grand River Avenue East Lansing, MI.
    What is the asking price?
    The asking price for this property is $99,500.
    What are key features of this property?
    This property features: Turnkey restaurant in downtown East Lansing.; Profitable business opportunity with high foot traffic.; Located directly across from Michigan State University.
    (517) 242-2000
    Request Owner's contact information
    219 East Grand River Avenue East Lansing, MI 48823
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    East Lansing, MI 48823
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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
    219 East Grand River Avenue East Lansing, MI 48823
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