Mancino's Pizza Business
914 Charlevoix Dr Unit 107 Grand Ledge, MI 48837
For Sale
$225,000
Incredible Business Opportunity!
Property Size1,571 SF
Price / SF$143.22
Days on Market187
Property Features for 914 Charlevoix Dr Unit 107
General Information
Standard status
Active
Property type
Strip malls, Other office properties, Other restaurants, Shopping malls, Office Spaces, Restaurants
Size
1,571 SF
Net Rentable
1,571 SF
Elevators
No
Listing Agency:
Century 21 Affiliated
(517) 712-5949
Listed By:
Angela · License #6501312624
(517) 712-5949
Added: Jan 21
Changed: Mar 16
Investment Insights
Based on property information with market context.
The Mancino's Grinders & Pizza business located in Grand Ledge is available for sale. This established location is known for its signature grinders, fresh pizzas, salads, and appetizers. The sale includes all equipment, and the business is currently open and running. The business has achieved consistent success through customer satisfaction, referrals, and repeat business. The location features a dine-in seating area and two lavatories. The current rent for the building is $2760 monthly, and the lease can be extended. The seller also owned a Lansing location that has been closed and contains an entire gluten-free prep station and freezer. The franchise rights to an additional Lansing location are also available for $20,000. The property size is 1571 square feet.
Key Highlights
- The prestigious Mancino's Grinders & Pizza, known for its signature grinders, fresh pizzas, salads, appetizers, and more, is ready for a new owner to take it to the next level. All the equipment to convey with the sale and business is currently open and running. This established location has achieved consistent success without any formal marketing—growth has come organically through satisfied customers, referrals, and repeat business. Start making money the day you close on this thriving walk in ready investment. Just IMAGINE the potential when combined with your marketing expertise and networking power!
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 | $28.3k | $18.00 |
| − Vacancy | −$5.1k | −$3.22 |
| EGI | $23.2k | $14.78 |
| − OpEx | −$5.8k | −$3.69 |
| NOI | $17.4k | $11.08 |
1,571 SF · lease $18.00/SF/yr · vacancy 17.90% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$248.7K
$217.7K – $290.2K
NOI $17,412 @ 7.0% cap · market cap 7.74%
Second Best
Office B
$222.6K
$194.8K – $259.7K
NOI $15,580 @ 7.0% cap · market cap 6.92%
Theoretical Best
Multifamily LT 5
$18.09M
$15.83M – $21.10M
NOI $1,266,053 @ 7.0% cap · market cap 562.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Strip mall - Incredible Business Opportunity!
Where is this strip mall located?
The property is located at 914 Charlevoix Dr Unit 107 Grand Ledge, MI.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: The prestigious Mancino's Grinders & Pizza, known for its signature grinders, fresh pizzas, salads, appetizers, and more, is ready for a new owner to take it to the next level. All the equipment to convey with the sale and business is currently open and running. This established location has achieved consistent success without any formal marketing—growth has come organically through satisfied customers, referrals, and repeat business. Start making money the day you close on this thriving walk in ready investment. Just IMAGINE the potential when combined with your marketing expertise and networking power!
