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    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

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    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
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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
    5000 Grand River Ave Lansing, MI 48906
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