Property profile

431 Grand River Ave East Lansing, MI 48823

OFF-MARKET
Retail properties & Spaces
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Property summary

AI-generated overview

This exceptional 3,108 square foot retail space, formerly a bank, presents a unique investment opportunity in the heart of East Lansing, Michigan. Located at 431 E Grand River Ave, this single-tenant property boasts a coveted location directly across from Michigan State University, ensuring consistent high foot traffic from the university's 63,000+ students and faculty. The space is ideal for a variety of uses, including retail, restaurant, or service businesses, or even a return to its previous use as a bank. The property is situated in Ingham County and benefits from a B3, City Center Commercial zoning designation. With its prime location and versatile layout, this property offers significant potential for growth and profitability. The building's total square footage is not currently available. The address is 431 E Grand River Ave, East Lansing, MI 48823. This is a single-tenant property with 3,108 square feet of vacant space ready for immediate occupancy. The property's strategic location across from Michigan State University provides unparalleled access to a large and consistent customer base. This presents a rare chance to establish a thriving business in a vibrant and high-demand area.

Property profile

Verified
Property type Retail properties & Spaces

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Atm
  • Bank Loan Service

Location

431 Grand River Ave East Lansing, MI 48823
East Lansing metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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