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    Property profile & analytics

    1219 Grand Riv Ave, Unit 2 East Lansing, MI 48823-4912

    • Drive through restaurants
    • 2,858 SF
    • 0.20 lot acres
    OFF-MARKET
    Value Estimation
    $335,000
    Last Sale
    May 23, 2023
    Location Intelligence
    Property ID
    US43-1606925
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Conrad's Grill / Sandwich Shop / Delivery Restaurant

    Property Details for 1219 Grand Riv Ave

    Year built
    1952
    Lot size
    0.20 lot acres
    Property size
    2,858 SF
    Zone code
    B2
    Property type
    Drive through restaurants
    APN
    33-20-02-18-414-020
    APU
    33200218414020

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $320,000

    • CAP approach

      CAP return
      Estimation
      6%
      $410,000
      6.5%
      $370,000
      7%
      $425,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $360,000
      Geo Method
      $345,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $475,000
      Retail
      $440,000
      Mixed-Use
      $415,000
      Hospitality
      $395,000
      Educational
      $445,000
      Residential Income
      $455,000
      Energy
      $385,000
      Income-Based Land
      $440,000
      Food Service
      $365,000

    Location Insight

    • Map
    • Local Demand
    City
    East Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.4663
    Latitude
    42.7308
    CBSA code
    29620
    CBSA name
    LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2019
    $7,099
    $35,200
    $68,700
    $103,900
    -
    $70,400
    $137,400
    $207,800

    Comparable in this City

    • Value Estimation
      $315,000
      1,645 SF

      1100 Grand Riv Ave, Unit 1

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,645 SF
      1100 Grand Riv Ave, East Lansing, MI 48823-4642
      View Details
    • Value Estimation by Request
      2,601 SF

      1137 Grand Riv Ave, Unit 1

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,601 SF
      1137 Grand Riv Ave, East Lansing, MI 48823-4659
      View Details
    • Value Estimation
      $380,000
      2,212 SF

      1127 Grand Riv Ave, Unit 4

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,212 SF
      1127 Grand Riv Ave, East Lansing, MI 48823-4659
      View Details
    • Value Estimation by Request
      1,994 SF

      1001 Grand Riv Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,994 SF
      1001 Grand Riv Ave, East Lansing, MI 48823-4526
      View Details
    • Value Estimation
      $500,000
      4,305 SF

      1024 Grand Riv Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,305 SF
      1024 Grand Riv Ave, East Lansing, MI 48823-4542
      View Details
    • Value Estimation
      $410,000
      2,280 SF

      1051 Trowbridge Rd, Unit 4-5

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,280 SF
      1051 Trowbridge Rd, East Lansing, MI 48823-5219
      View Details

    Similar Nearby for Sale

    • $99,500
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      East Lansing Restaurant - Turnkey Operation

      Profitable eatery near Michigan State University.
      219 East Grand River Avenue, East Lansing, MI 48823
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      Prime C-2 zoned land, ideal for large-scale development.
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      Turn-key retail or office space near Michigan State campus.
      1234 E Grand River Ave, East Lansing, MI 48823
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    • Contact for pricing
      14,564 SF

      East Lansing Retail Building For Sale

      14,564 SF free-standing building in East Lansing, Michigan.
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    • $2,500,000
      5.70 Acres

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      5.7 Acres, Mixed-Use Potential
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    Similar Nearby for Lease

    • Contact for pricing
      2,598 SF

      Retail Space Near Michigan State

      Retail space with drive-up window near Michigan State University.
      1034 Trowbridge Rd, East Lansing, MI 48823
      View Details
    • $35 SF/Yr
      2,930 SF

      Abbot Road Executive Office Space

      Prime East Lansing Office Suite, MSU Views
      100 Grand River Ave, East Lansing, MI 48823
      View Details
    • $276 SF/Yr
      3,500 SF

      Grand River Ave Retail Space

      High-Visibility East Lansing Restaurant Space
      601 Grand River Ave, East Lansing, MI 48823
      View Details
    • $15 SF/Yr
      97,582 SF

      Hannah Plaza: East Lansing Retail Space

      Prime East Lansing retail, multiple spaces available.
      4790 Hagadorn Rd, East Lansing, MI 48823
      View Details
    • $20 SF/Yr
      16,000 SF

      Grand River Ave Retail Space

      East Lansing retail, restaurant opportunity.
      311 Grand River Ave, East Lansing, MI 48823
      View Details
    • $22 SF/Yr
      69,193 SF

      Downtown East Lansing Retail Space

      Prime Retail/Office, MSU Area, 69,193 SF
      300 Grand River Ave, East Lansing, MI 48823
      View Details

    Property Visit Statistics

    • Visits by month
      1.4k
    • Visitors by month
      1.0k
    • Avg Time on site
      11 min
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    East Lansing, MI 48823-4912
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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
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