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Property profile & analytics
OFF-MARKET Estimated value $1,630,000
Retail residential properties

311 Grand Riv Ave 8 East Lansing, MI 48823-4213

16,242 SF 0.43 ac lot Built 2000
Entity Owned 10-yr Hold ~ Est. High Equity
Property ID
US43-0700940
Property summary
AI-generated overview

This exceptional mixed-use building, located at 311 W Grand River Ave in East Lansing, MI 48823, offers a prime retail and restaurant opportunity. The property boasts 16,000 total square feet spread across three stories in a single building constructed in 2000. Currently, there are two suites available, totaling 4,420 square feet of vacant space. The maximum contiguous space available is 4,420 square feet, ideal for a larger tenant. The building features excellent street-level visibility on W. Grand River Ave, with large glass windows showcasing the space. One suite, formerly a quick-service restaurant, includes a large hood system, a three-compartment sink, a service window, and a lobby area. This space is perfect for a similar concept or a business requiring these existing features. The second suite, previously a flower shop, is adaptable to a variety of retail uses, such as a coffee shop, tea shop, or insurance agency. The property's location in downtown East Lansing provides exceptional access to Michigan State University, surrounding neighborhoods, and off-campus student housing, ensuring high foot traffic and visibility. The Ingham County location (APN: 33-20-01-13-238-001) offers a thriving market for businesses catering to students and the local community. This is a rare opportunity to secure a prominent retail space in a high-demand area.

Property profile
Verified
Property type Retail residential properties
Use group STORES & APARTMENTS
Year built 2000
Total area 16,242 SF
Lot 0.43 ac (18,905 SF)
Zoning code B2
APN 33-20-01-13-238-001
UPID US43-0700940
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
  • Taqueria Fire Taco Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.81M
Blend (final) Blend
$1.63M
Owner & transaction history
J & K Corporation · 10 yrs held
J & K Corporation
since 2015
4 recorded transactions
2015
$2.0M
2009
$1.8M
2005
Price N/A
2005
Price N/A
Zoning & alternative use
B2 · East Lansing, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $2.0M +7.9%
Restaurant $1.9M +2.1%
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