Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    5000 Grand River Ave Lansing, MI 48906

    Sponsored
    For Sale
    $450,000

    Established eatery, prime location, high potential.

    Property size:
    3,705 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional opportunity presents the acquisition of the Airport Tavern and Steakhouse, a well-established Lansing restaurant and bar. Located at 5000 N Grand River Ave, in Ingham County, Michigan, 48906, this thriving business boasts a rich history spanning 54 years. The property sits on a generous 1.3-acre lot and encompasses 3,705 square feet of commercial space, built in 1929. Currently operating Tuesday through Saturday from 4:00 PM to 9:00 PM, serving food and drinks, the business is zoned for commercial use. The asking price is $450,000, translating to $121.46 per square foot. Detailed financial information is available upon execution of a confidentiality agreement. This turnkey operation presents a unique chance to own a long-standing community favorite in a desirable Lansing location. The property's size and location offer significant potential for expansion and increased revenue streams. Serious inquiries only.

    Property Features for 5000 Grand River Ave

    General Information

    Property type
    Restaurants
    Square Feet
    3,705 SF
    Lot Size
    56,628 SF

    Building Details

    Year Built
    1929

    HighLights

    • $450,000 asking price for this established Lansing, MI restaurant.
    • 3,705 square foot retail space.
    • Located on 1.3 acres at 5000 N Grand River Ave, Lansing, MI 48906.
    • $121.46 per square foot.
    • Built in 1929 with Commercial zoning.
    • Operating as a bar and restaurant for 54 years.
    Property Profile Location Intelligence

    Current Use by Public Records

    Airport Tavern Steak House F&PchimneySweep&dryerVent Corporate Office

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.596225576779
    Latitude
    42.768350701052

    Nearby Similar for Sale

    • $165,000
      0.15 Acres

      Lansing Multifamily Investment Opportunity

      Four-unit multifamily property near U of M Health - Sparrow Hospital.
      602 N Pennsylvania Ave, Lansing, MI 48912
      View Details
    • $652,000
      14,388 SF

      Historic REO Town Marketplace Building

      Unique 14,388 SF building in Lansing's REO Town.
      1023 S Washington Ave, Lansing, MI 48910
      View Details
    • $219,900
      Pending

      Well-Maintained Duplex in Lansing

      Duplex with investment potential, updated mechanicals, and strong rental upside.
      1600 Lockbridge Dr, Lansing, MI 48911
      View Details
    • $290,000
      0.15 Acres

      Two Homes on One Lot

      Two homes on one lot, ideal for living or investment.
      215 Winifred Ave, Lansing, MI 48917
      View Details
    • $1,950,000
      25,986 SF

      Grand Riverfront Commercial Opportunity

      Over 25,000 SF of flexible space in Lansing, MI.
      1212 S Washington Ave Ave, Lansing, MI 48910
      View Details
    • $300,000
      0.19 Acres

      Lansing Multifamily Investment Opportunity

      Multifamily property in Lansing, suitable for investors or homeowners.
      412 S Hayford Ave, Lansing, MI 48912
      View Details
    • $220,000
      0.26 Acres

      Lansing Duplex with Rental Income

      Well-maintained duplex in Lansing, MI with strong rental income.
      4400 Chadburne Dr, Lansing, MI 48911
      View Details
    • $119,900
      1,776 SF

      Lansing Commercial Property with IND-2 Zoning

      Commercial property with IND-2 zoning, suitable for diverse uses.
      901 Call St, Lansing, MI 48906
      View Details
    • $159,900
      0.12 Acres

      Lansing Two-Unit Investment Property

      Well-maintained two-unit property with rental license near downtown Lansing.
      2515 S Martin Luther King Jr Blvd, Lansing, MI 48910
      View Details
    • $223,000
      0.21 Acres

      Lansing Multifamily Property For Sale

      Duplex in Lansing, MI with rental income potential.
      4114 Burchfield Dr, Lansing, MI 48910
      View Details
    • $110,000
      Pending

      Lansing Multifamily Residential Income Property

      Multifamily property for sale in Lansing, Michigan.
      1913 Stirling Ave, Lansing, MI 48910
      View Details
    • New
      $245,000
      0.12 Acres

      Remodeled Lansing Triplex Investment Opportunity

      Fully remodeled triplex with steady income potential in Lansing.
      904 Linden Grove Ave, Lansing, MI 48912
      View Details

    FAQs

    What type of property is this?
    Restaurant - Established eatery, prime location, high potential.
    Where is this restaurant located?
    The property is located at 5000 Grand River Ave Lansing, MI.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: $450,000 asking price for this established Lansing, MI restaurant.; 3,705 square foot retail space.; Located on 1.3 acres at 5000 N Grand River Ave, Lansing, MI 48906.
    Request Owner's contact information
    5000 Grand River Ave Lansing, MI 48906
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5000 Grand River Ave
    Lansing, MI 48906
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    5000 Grand River Ave Lansing, MI 48906
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.