Property profile

2930 Grand Riv Ave 1 Lansing, MI 48906

OFF-MARKET
Day care centers
Property ID
US43-1365168
2,521 SF 0.4 ac lot Built 1966
Entity Owned 2-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 0.4-acre commercial land parcel at 2930 N Grand River Avenue in Lansing, Michigan, presents a unique investment opportunity. Currently configured as a fully operational daycare center, this property is licensed to accommodate up to 33 children. The sale includes all existing contents, providing a seamless transition for a new owner. Located in Ingham County, with a convenient address in Lansing, MI 48906 (42.7619232, -84.5726516), this property offers immediate income potential. The asking price is $299,900. The property is classified as Special Purpose and is categorized as Commercial, Other. Given its existing setup and licensing, this property is ideal for an entrepreneur seeking a ready-to-operate business or an investor looking for a stable, income-generating asset. The turnkey nature of this offering minimizes start-up costs and allows for immediate revenue generation. The inclusion of all contents further enhances the value proposition, eliminating the need for significant upfront investment in equipment and furnishings. This is a rare opportunity to acquire a well-established and profitable business in a desirable location. Serious inquiries are encouraged.

Property profile

Verified
Property type Day care centers
Use group DAY CARE, PRE-SCHOOL
Year built 1966
Total area 2,521 SF
Lot 0.4 ac (17,468 SF)
Zoning code J & F
APN 33-01-01-05-330-111
UPID US43-1365168

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Daycare Center

Location

2930 Grand Riv Ave, Unit 1 Lansing, MI 48906-3808
Lansing metro Census 3301 LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2023
Last sale
$285,000
4 recorded transactions
2023
$285,000
2018
$135,000
2012
$62,000
2006
Price N/A

Zoning & alternative use

J & F · Lansing, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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?”
You own 2930 Grand Riv Ave, Unit 1?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message