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    Turnkey Salon Business Opportunity Title is generated by Realmo AI

    1393 E Grand River Ave, East Lansing, MI 48823

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    For Sale
    $64,900

    Well-equipped salon with five styling stations and wash bowls, plus dedicated expansion room for added services.

    Type:Retail
    Property size:
    1,600 SF
    Price / SF:
    $40/SF
    Added:
    May 27, 2026
    Days on Market:
    10
    Last Refresh:
    Jun 3 at 2:39 am

    Property Features for 1393 E Grand River Ave

    General Information

    Standard status
    Active
    Size
    1,600 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1957

    We can help!

    Listing Contact
    Matthew Wisniewski
    Matthew Wisniewski

    Listing agent Matthew Wisniewski License #6501360426

    Listing office RE/MAX COMMERCIAL GROUP

    Listing date May 27, 2026

    Source Cpix.resimplifi

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

    All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX COMMERCIAL GROUP

    HighLights

    • Business sale only: Urban Roots Salon in East Lansing, MI at 1393 E. Grand River Ave.
    • Approximately 1,600 sq. ft. salon space for the business, with equipment and build‑out included.
    • Layout includes 5 active styling stations and 2 wash bowls.
    • Dedicated room for expansion into services such as lash extensions, brow tech, or massage therapy.
    • Includes all existing salon fixtures, furniture, and equipment.

    Overview

    This turnkey salon opportunity presents a fully built-out space currently operating as Urban Roots Salon. The business is being offered as a business-only sale, with the included improvements designed for immediate use. Inside, the station layout features five active styling stations and two wash bowls, supporting day-to-day service flow from the reception area. The interior also includes a dedicated room that can accommodate lash extensions, brow tech, or massage therapy, giving an owner flexibility to expand offerings. All existing fixtures, furniture, and equipment are included with the purchase, allowing an incoming operator to step into a working setup without starting from scratch.

    The salon is located on East Grand River Avenue in a high-traffic college town setting, positioned near Michigan State University. The property benefits from a major thoroughfare address that supports visibility and convenient access for local residents and the student population.

    For an ambitious stylist or investor, this is a practical path to take over an operating business with established build-out infrastructure already in place. Because the sale is business-only and the physical-space lease terms will transfer or be renegotiated upon purchase, the opportunity is best suited for buyers prepared to align on occupancy terms while leveraging the ready-to-run salon configuration.
    Location Intelligence

    Current Use by Public Records

    Urban Roots Salon Hair Salon

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

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

    Similar Places Nearby

    • B/A Florist — 1424 E Grand River Ave, East Lansing, MI 48823

    Location Insight

    • Map
    • Local Demand
    City
    East Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.46254
    Latitude
    42.729772

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    FAQs

    What type of property is this?
    Storefront property - Well-equipped salon with five styling stations and wash bowls, plus dedicated expansion room for added services.
    Where is this storefront property located?
    The property is located at 1393 E Grand River Ave East Lansing, MI.
    What is the asking price?
    The asking price for this property is $64,900.
    What are key features of this property?
    This property features: Business sale only: Urban Roots Salon in East Lansing, MI at 1393 E. Grand River Ave.; Approximately 1,600 sq. ft. salon space for the business, with equipment and build‑out included.; Layout includes 5 active styling stations and 2 wash bowls.
    (517) 321-2800
    We can help!
    Listing Contact
    Matthew Wisniewski
    Matthew Wisniewski
    Real Estate License ID: 6501360426
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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    1393 E Grand River Ave, East Lansing, MI 48823
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