933 Grand River Ave East Lansing, MI 48823
- Office buildings
- 2,222 SF
- 0.23 lot acres
Current Use by Public Records
- Office buildings
Property Details for 933 Grand River Ave
- Year built
- 1953
- Lot size
- 0.23 lot acres
- Property size
- 2,222 SF
- Zone code
- B2
- Property type
- Office buildings
- APN
- 33-20-02-18-402-005
- APU
- 33200218402005
Description
This exceptional 2,222 square foot freestanding building presents a unique opportunity for a discerning business. Located directly across from Michigan State University and the bustling Hub on Campus, this high-visibility property boasts unparalleled access and exposure. The building's single-tenant occupancy offers flexibility and control, while its convenient location near student housing, popular amenities, and major retailers ensures a steady stream of potential customers. The property features 16 private parking spaces, a significant advantage in this high-traffic area, accessible from both East Grand River Avenue and Durand Street. The building's zoning is Commercial, situated in Ingham County. In addition to the main 2,222 square feet of space, there is also additional lower-level space available, providing further expansion potential. The property's proximity to a 7-Eleven, Pita Way, Target, Walgreens, Starbucks, and Buffalo Wild Wings makes it an ideal location for a variety of retail or service businesses, such as a coffee shop or insurance agency. This is a rare opportunity to secure a prime commercial space in a thriving, high-demand location. The entire building is currently vacant, offering immediate occupancy.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $305,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $405,000
- 6.5%
- $440,000
- 7%
- $445,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $365,000
- Geo Method
- $400,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $400,000
- Retail
- $460,000
- Mixed-Use
- $385,000
- Hospitality
- $420,000
- Educational
- $500,000
- Residential Income
- $505,000
- Energy
- $460,000
- Income-Based Land
- $375,000
- Food Service
- $420,000
Location Insight
- Map
- Local Demand
- City
- East Lansing
- County
- Ingham
- State
- Michigan
- Longitude
- -84.4713
- Latitude
- 42.7322
- CBSA code
- 29620
- CBSA name
- LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA