219 Grand Riv Ave 13, East Lansing, MI 48823-4323
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.
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Capo's Cheesesteak Hoagies and Grill Restaurant
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
B3 · 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.