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Property profile & analytics
OFF-MARKET Estimated value $2,735,000
Retail residential properties

300 Grand Riv Ave East Lansing, MI 48823-4240

14,960 SF 0.55 ac lot Built 2016
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US43-1799240
Property summary
AI-generated overview

This exceptional 69,193-square-foot mixed-use property, built in 2016, presents a unique opportunity in the vibrant heart of East Lansing, Michigan. Located at 300 W Grand River Ave, this four-story building boasts a prime location directly across from Michigan State University, ensuring high visibility and foot traffic. Currently, 2,430 square feet of retail or office space is available for lease within this single-tenant building. The property's strategic position places it within easy walking distance of the university's campus amenities, surrounded by student housing, residential neighborhoods, parks, and other retail establishments. The available space offers the advantage of raw space, allowing for complete customization to suit a tenant's specific needs and vision. Large windows facing West Grand River Avenue provide abundant natural light, creating a bright and inviting atmosphere. The property's APN is 20-01-13-227-020. This is an ideal location for businesses seeking to capitalize on the high density of students and residents in this thriving area of East Lansing. The property is categorized as retail and restaurant space, with a quick-service and office subtype. This presents a versatile opportunity for a variety of businesses.

Property profile
Verified
Property type Retail residential properties
Use group STORES & APARTMENTS
Year built 2016
Total area 14,960 SF
Lot 0.55 ac (23,958 SF)
Zoning code B2
APN 33-20-01-13-227-020
UPID US43-1799240
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • 300 Grand Apartments Apartment Building
  • Biggby Coffee Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.28M
Comparable Approach Comparable
$3.37M
Blend (final) Blend
$2.74M
Owner & transaction history
300 Grabd River LLC · 6 yrs held
300 Grabd River LLC
since 2020
3 recorded transactions
2020
Price N/A
2015
Price N/A
2010
Price N/A
Zoning & alternative use
B2 · East Lansing, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $1.8M +7.9%
Restaurant $1.7M +2.1%
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