Property profile

1000 Trowbridge Rd 3 East Lansing, MI 48823

OFF-MARKET
Drive through restaurants
Property ID
US43-1484584
2,184 SF 0.82 ac lot Built 1977
Entity Owned 11-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 2,500 square foot quick-service restaurant space in East Lansing, Michigan, presents a unique investment opportunity. Located at 1000 Trowbridge Rd, 48823, this single-story building boasts a completely renovated interior, offering a modern and appealing environment for any quick-service restaurant concept. Previously a Wendy's, the property benefits from existing infrastructure, including a fully equipped commercial kitchen, four walk-in coolers, and ample storage and prep areas. The design allows for both indoor and outdoor seating, catering to a diverse clientele. The space is turnkey, meaning it comes fully furnished and equipped, minimizing start-up costs and allowing for a rapid launch. Its prime location offers unparalleled access to a significant consumer base. The proximity to Michigan State University, with its 50,000+ students and 13,000 faculty members, the Lansing State Capitol, and the Breslin Events Center ensures high foot traffic and a large potential customer pool. This is an ideal opportunity for an established QSR brand or an ambitious entrepreneur seeking a ready-to-operate location in a thriving Michigan market. The property is available for multiple tenants.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1977
Total area 2,184 SF
Lot 0.82 ac (35,763 SF)
Zoning code B2
APN 33-20-01-24-122-017
UPID US43-1484584

Cap rate & NOI

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

Location

1000 Trowbridge Rd, Unit 3 East Lansing, MI 48823-5220
East Lansing metro Census 4403 LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$320k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2015
5 recorded transactions
2025
Price N/A
2015
Price N/A
2014
Price N/A
2014
$3.2M
2014
Price N/A

Zoning & alternative use

B2 · East Lansing, MI

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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