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    311 Grand River Ave East Lansing, MI 48823

    Sponsored
    For Lease
    $20 SF/Yr

    East Lansing retail, restaurant opportunity.

    Lot size:
    16,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use building, located at 311 W Grand River Ave in East Lansing, MI 48823, offers a prime retail and restaurant opportunity. The property boasts 16,000 total square feet spread across three stories in a single building constructed in 2000. Currently, there are two suites available, totaling 4,420 square feet of vacant space. The maximum contiguous space available is 4,420 square feet, ideal for a larger tenant. The building features excellent street-level visibility on W. Grand River Ave, with large glass windows showcasing the space. One suite, formerly a quick-service restaurant, includes a large hood system, a three-compartment sink, a service window, and a lobby area. This space is perfect for a similar concept or a business requiring these existing features. The second suite, previously a flower shop, is adaptable to a variety of retail uses, such as a coffee shop, tea shop, or insurance agency. The property's location in downtown East Lansing provides exceptional access to Michigan State University, surrounding neighborhoods, and off-campus student housing, ensuring high foot traffic and visibility. The Ingham County location (APN: 33-20-01-13-238-001) offers a thriving market for businesses catering to students and the local community. This is a rare opportunity to secure a prominent retail space in a high-demand area.

    Property Features for 311 Grand River Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    16,000 SF
    Total Rate
    26666.67

    Building Details

    Year Built
    2000
    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    315
    Size
    2,500 SF
    Rate per SF
    $20

    HighLights

    • High‑demand retail space available in downtown East Lansing.
    • Equipped with a hood vent and three‑compartment sink.
    • First‑floor retail space on W. Grand River Ave. with prominent street‑level visibility and large windows.
    • Conveniently located near Michigan State University, residential areas, and student housing.
    • High visibility location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Taqueria Fire Taco Mexican Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -84.488253
    Latitude
    42.7361768

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    FAQs

    What type of property is this?
    Restaurant - East Lansing retail, restaurant opportunity.
    Where is this restaurant located?
    The property is located at 311 Grand River Ave East Lansing, MI.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: High-demand retail space available in downtown East Lansing.; Equipped with a hood vent and three-compartment sink.; First-floor retail space on W. Grand River Ave. with prominent street-level visibility and large windows.
    Request Owner's contact information
    311 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
    311 Grand River Ave East Lansing, MI 48823
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