1306 Michigan Ave 40, East Lansing, MI 48823-4002
This exceptional 778-square-foot retail space, located at 1306 E Michigan Ave in East Lansing, Michigan, presents a fantastic opportunity for a restaurant operator. Situated on a high-traffic corridor, this single-tenant property enjoys excellent visibility and accessibility. Its prime location offers unparalleled convenience, with close proximity to downtown Lansing, downtown East Lansing, and the Michigan State University campus, including Spartan Stadium, Breslin Center, and the Eli Broad Art Museum. The property benefits from the substantial foot traffic generated by nearby residential complexes, such as the Midtown apartments (66 units) and SkyVue apartments (338 units). Furthermore, its location east of the Frandor Shopping Center places it within easy reach of a wide array of established national retailers and restaurants, creating a vibrant and attractive commercial environment. The entire 778 square feet is currently vacant and ready for immediate occupancy. The property is located in Ingham County, Michigan, with a zip code of 48823. This is an ideal location for a business seeking high visibility and a strong customer base in a thriving community. The property is classified as a retail space, specifically suited for a restaurant.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2019Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B2 · East Lansing, MIEast Lansing. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.