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Property profile & analytics
FOR LEASE
Grocery and convenience stores
1109 East Grand River Ave, East Lansing, MI 48823
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US43-0973617
For Lease
Contact for pricing
1109 East Grand River Ave, East Lansing, MI 48823
View Listing →
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1957
Total area
6,842 SF
Lot
0.36 ac (15,507 SF)
Zoning code
B2
APN
33-20-02-18-407-002
UPID
US43-0973617
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
1109 East Grand River LLC · 12 yrs held
1109 East Grand River LLC
since 2013
5 recorded transactions
Zoning & alternative use
B2 · East Lansing, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs East Lansing submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Lansing submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2019Property tax & assessments
Tax year 2019
Tax billed
$20,315
Tax year 2019
Assessed value
$244,200
Assessed 2023
Previous assessed
$233,000
+4.8% YoY
Effective rate
8.32%
On assessed value
Assessed land
$62,000
Assessed improvement
$182,200
Land market value
$124,000
Improvement market value
$364,400
Total market value
$488,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
For Lease
Year built
1957
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Total area
6,842 SF
Lot
0.36 ac (15,507 SF)
Zoning code
B2
APN
33-20-02-18-407-002
UPID
US43-0973617
Jurisdiction
INGHAM
Zoning & alternative use
B2 · East Lansing, MI
Zoning B2 · permitted uses
B2 · East Lansing, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
East Lansing. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1957
Heating
YES
Cooling
Yes
Stories
1
Lot
0.36 ac
Current owner
From public records · entity-resolved
1109 East Grand River LLC
Entity
Mailing address
PO BOX 1442, EAST LANSING, MI 48826-1442
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2013
—
1109 East Grand River LLC
Jmh Management-1109 LLC
Quit Claim Deed
related
—
Jul 24, 2006
—
Jmh Management-1109 LLC
Hauer John M Family Trust
Quit Claim Deed
related
—
May 1, 2006
—
Hauer,john M Family Trust
Hauer,john M
Quit Claim Deed
related
—
—
—
Jmh Mgmt-1101-1105 1/2 LLC
—
Deed Of Trust
related
$315,412 · Firstbank St Johns
—
—
Jmh Management - 1101-1105 1/2
—
Deed Of Trust
related
$585,508 · Firstbank St Johns
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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