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    4400 Grand River Ave Lansing, MI 48906

    Sponsored
    For Sale
    $859,950

    1.81-acre QSR site, vacant, high visibility.

    Property size:
    4,578 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.81-acre commercial redevelopment opportunity is ideally situated at the corner of Grand River Avenue and Capital City Boulevard, directly across from the Capital City Airport in Lansing, Michigan. The property boasts incredible frontage and accessibility, making it suitable for a wide range of commercial uses. The site currently features two vacant buildings, totaling 4,578 square feet, constructed in 1976 and 1996. Previously occupied by a Burger King and a bank, this prime location offers significant potential for redevelopment. The property is zoned for commercial use and presents a unique chance to capitalize on the area's growth and high traffic volume. The asking price is $859,950, translating to $187.84 per square foot. The buildings are classified as Class B and the lease type is NNN. The property is offered vacant, with no remaining lease term. The parcel numbers are 33-01-01-06-201-071 and 33-01-01-06-201-061. This is a rare opportunity to acquire a significant commercial property in a high-traffic area with excellent visibility and redevelopment potential. The seller is willing to sell each building independently.

    Property Features for 4400 Grand River Ave

    General Information

    Property type
    Restaurants
    Square Feet
    4,578 SF
    Class
    B
    Lot Size
    78,844 SF

    Building Details

    Year Built
    1976
    Buildings
    2
    Stories
    1
    Units
    2

    HighLights

    • $859,950 asking price for a vacant, 4,578 square foot retail property.
    • Located at 4400 N Grand River Ave, Lansing, MI 48906, on a 1.81‑acre lot.
    • Property consists of two buildings (1976 & 1996 construction) totaling 4,578 square feet, zoned COMMERCIAL.
    • Currently vacant, offering redevelopment potential near Lansing Capital City Airport.
    • Features a Class B building, NNN lease type, and a $187.84 price per square foot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.5900708
    Latitude
    42.7669183

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    FAQs

    What type of property is this?
    Restaurant - 1.81-acre QSR site, vacant, high visibility.
    Where is this restaurant located?
    The property is located at 4400 Grand River Ave Lansing, MI.
    What is the asking price?
    The asking price for this property is $859,950.
    What are key features of this property?
    This property features: $859,950 asking price for a vacant, 4,578 square foot retail property.; Located at 4400 N Grand River Ave, Lansing, MI 48906, on a 1.81-acre lot.; Property consists of two buildings (1976 & 1996 construction) totaling 4,578 square feet, zoned COMMERCIAL.
    (517) 285-3017
    Request Owner's contact information
    4400 Grand River Ave Lansing, MI 48906
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    Lansing, MI 48906
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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
    4400 Grand River Ave Lansing, MI 48906
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