Turnkey Coffee Shop
501 East Grand River Avenue East Lansing, MI 48823
501 East Grand River Avenue, East Lansing, MI, 48823
Contact for pricing
For Sale
Contact for pricing
Fully built out and equipped coffee shop is ready for immediate continuation of operations.
Property Size4,000 SF
Price / SF$97.25
Days on Market80
Property Features for 501 East Grand River Avenue
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Property subtype
- Retail, Business for Sale
Listing agency
Simon & Associates Real Estate
(248) 635-2880
Listed by
Simon Saleh · License #MI427828
Source
Crexi
Added: May 4 Updated: Jul 22 at 9:34AM Checked: Jul 22 at 9:34AM
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 Simon & Associates Real Estate
Investment Insights
Based on property information with market context.
This fully operational, turnkey coffee shop is offered for sale as a ready-to-run business. The space is fully built out and equipped, supporting immediate continuation of operations for a new owner. The interior is designed to create an inviting customer experience while maintaining an efficient workflow for staff.
The property is located at 501 East Grand River Avenue in East Lansing, Michigan, providing a straightforward option for an owner-operator or investor seeking a coffee concept without starting from scratch.
With its established, in-place setup, the business offers a practical foundation for continued operation or potential adjustments to the concept and offerings under new ownership.
The property is located at 501 East Grand River Avenue in East Lansing, Michigan, providing a straightforward option for an owner-operator or investor seeking a coffee concept without starting from scratch.
With its established, in-place setup, the business offers a practical foundation for continued operation or potential adjustments to the concept and offerings under new ownership.
Key Highlights
- Fully built out and equipped coffee shop ready for immediate continuation of operations
- Currently fully operational with established café setup
- Designed for an efficient staff workflow and an inviting customer atmosphere
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $57.6k | $14.40 |
| − Vacancy | −$10.3k | −$2.58 |
| EGI | $47.3k | $11.82 |
| − OpEx | −$11.8k | −$2.96 |
| NOI | $35.5k | $8.87 |
4,000 SF · lease $14.40/SF/yr · vacancy 17.90% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$506.7K
$443.3K – $591.1K
NOI $35,467 @ 7.0% cap · market cap 9.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$642.7K
$562.3K – $749.8K
NOI $44,986 @ 7.0% cap · market cap 11.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Haraz Coffee House
Cafe & Coffee Shop
Similar For Sale Nearby
Similar Off Market Nearby
- Sparty's Cafe — 842 Chestnut Rd Room 129, East Lansing, MI 48825
- Starbucks — 366 W Circle Dr, East Lansing, MI 48824
- Starbucks — 632 bogue st #100, east lansing, mi 48824
- TOASTE — 1385 E Grand River Ave, East Lansing, MI 48823
- Sparty's Café — 428 S Shaw Ln, East Lansing, MI 48824
FAQs
What type of property is this?
Coffee shop - Fully built out and equipped coffee shop is ready for immediate continuation of operations.
Where is this coffee shop located?
The property is located at 501 East Grand River Avenue East Lansing, MI.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Fully built out and equipped coffee shop ready for immediate continuation of operations; Currently fully operational with established café setup; Designed for an efficient staff workflow and an inviting customer atmosphere
