219 East Grand River Avenue East Lansing, MI 48823
Property profile & analytics
219 East Grand River Avenue, East Lansing, MI 48823
- Retail space
- 1,338 SF
- 0.02 lot acres
Property ID
US43-1641350
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.
Location Intelligence
Current Use by Public Records
- Capo's Cheesesteak Hoagies and Grill / Restaurant
Property Details for 219 East Grand River Avenue
- Year built
- 1937
- Lot size
- 0.02 lot acres
- Property size
- 1,338 SF
- Zone code
- B3
- Property type
- Retail space
- APN
- 33-20-02-18-163-013
- APU
- 33200218163013
Description
This exceptional business opportunity presents the chance to acquire Capo's Cheesesteak Hoagies and Grill, a profitable, fully equipped restaurant located at 219 E Grand River Ave in East Lansing, Michigan. Situated directly across from Michigan State University, this prime location boasts high foot traffic, ensuring a steady stream of customers. The 1,338 square foot space, built in 1937 and renovated in 2021, operates under a modified lease within a single-unit building on a 0.02-acre lot. The restaurant features two entrances, enhancing accessibility and customer flow. The asking price is $99,500, translating to $74.36 per square foot. This is a turnkey operation, a private brand restaurant with no royalty fees, offering immediate income potential. The property is zoned for commercial use and is an owner/user investment opportunity. This is a rare chance to own a thriving business in a vibrant, high-demand location. The property's APN is 33-20-02-18-163-013.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- East Lansing
- County
- Ingham
- State
- Michigan
- Longitude
- -84.4818
- Latitude
- 42.7349
- 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
$5,335
$29,800
$54,100
$83,900
-
$59,600
$108,200
$167,800
