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    5000 N Grand River Ave Lansing, MI 48906

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    For Sale
    $399,000

    Long-standing restaurant available for sale in Northwest Lansing.

    Lot size:
    1.38 Acres

    Property Features for 5000 N Grand River Ave

    General Information

    Lot size
    1.38 Acres

    Source: Caster & Associates Agent Jim Caster

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Restaurant in NW Lansing

    This is an established restaurant that has been a mainstay in Northwest Lansing for 54 years. The restaurant's hours of operation for food and bar service are Tuesday through Friday from 11:00 AM to 9:00 PM, and Saturday from 4:00 PM to 9:00 PM. Financial information is available upon signing a confidentiality agreement.
    Insight Report Location Intelligence

    Current Use by Public Records

    Airport Tavern Steak House F&PchimneySweep&dryerVent Corporate Office

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Eaton
    State
    Michigan
    Longitude
    -84.596781
    Latitude
    42.769026

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    FAQs

    What type of property is this?
    Restaurant - Long-standing restaurant available for sale in Northwest Lansing.
    Where is this restaurant located?
    The property is located at 5000 N 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: - Established restaurant operating for 54 years, a true mainstay.; - Food and bar service available.; - Located in NW Lansing.
    (517) 332-5222
    Request Owner's contact information
    5000 N Grand River Ave Lansing, MI 48906
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    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
    5000 N Grand River Ave Lansing, MI 48906
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