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    601 Grand River Ave East Lansing, MI 48823

    Sponsored
    For Lease
    $276 SF/Yr

    High-Visibility East Lansing Restaurant Space

    Lot size:
    3,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3,500 square foot retail/restaurant space is ideally situated at 601 E. Grand River Avenue in East Lansing, Michigan, 48823. Boasting a prominent endcap location, the property offers unparalleled visibility and exposure on a major thoroughfare. Directly across from Michigan State University's main campus at the Collingwood entrance, this location benefits from a high volume of foot traffic, with over 50,000 students and 13,000 faculty members nearby. The 0.23-acre lot provides ample space, and the building features an elevator for convenient access. Currently, the entire 3,500 square feet is vacant and available for lease. The property is zoned B3, making it suitable for a variety of uses. A Class C Liquor License is available for lease exclusively with this property, presenting a unique opportunity for food and beverage establishments. This is a prime location for businesses seeking high visibility and proximity to a large, established customer base. Don't miss this chance to secure a thriving location in a vibrant college town.

    Property Features for 601 Grand River Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,500 SF
    Total Rate
    80500

    Unit(s) available at that property

    Space
    Available Space
    Size
    3,500 SF
    Rate per SF
    $276

    HighLights

    • 3,500 square feet of vacant retail/restaurant space available for lease.
    • B3 zoning allows for diverse commercial uses.
    • Shared exterior patio.
    • High ceilings: 20' in the main area, 10' in the kitchen/prep area.
    • Excellent corner lot with strong signage potential.
    • Class C Liquor License available for lease with the property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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.

    Location Insight

    • Map
    • Local Demand
    City
    East Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.4761429
    Latitude
    42.733488

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    FAQs

    What type of property is this?
    Restaurant - High-Visibility East Lansing Restaurant Space
    Where is this restaurant located?
    The property is located at 601 Grand River Ave East Lansing, MI.
    What is the lease rate?
    The lease rate is $276 SF/Yr.
    What are key features of this property?
    This property features: 3,500 square feet of vacant retail/restaurant space available for lease.; B3 zoning allows for diverse commercial uses.; Shared exterior patio.
    Request Owner's contact information
    601 Grand River Ave 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
    601 Grand River Ave East Lansing, MI 48823
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