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    FOR SALE
    Drive through restaurants

    4400 N Grand River Ave, Lansing, MI 48906

    2,456 SF 0.88 ac lot Built 1996
    Entity Owned 7-yr Hold Free & Clear
    Property ID
    US43-1843818
    Property summary
    AI-generated overview

    This exceptional 1.81-acre commercial redevelopment opportunity is ideally situated at the corner of Grand River Avenue and Capital City Boulevard, directly across from the Capital City Airport in Lansing, Michigan. The property boasts incredible frontage and accessibility, making it suitable for a wide range of commercial uses. The site currently features two vacant buildings, totaling 4,578 square feet, constructed in 1976 and 1996. Previously occupied by a Burger King and a bank, this prime location offers significant potential for redevelopment. The property is zoned for commercial use and presents a unique chance to capitalize on the area's growth and high traffic volume. The asking price is $859,950, translating to $187.84 per square foot. The buildings are classified as Class B and the lease type is NNN. The property is offered vacant, with no remaining lease term. The parcel numbers are 33-01-01-06-201-071 and 33-01-01-06-201-061. This is a rare opportunity to acquire a significant commercial property in a high-traffic area with excellent visibility and redevelopment potential. The seller is willing to sell each building independently.

    Property profile
    Verified
    Property type Drive through restaurants
    Use group DRIVE-THRU RESTAURANT, FAST FOOD
    Year built 1996
    Total area 2,456 SF
    Lot 0.88 ac (38,246 SF)
    Zoning code F COMM
    APN 33-01-01-06-201-061
    UPID US43-1843818
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Veft Properties · 7 yrs held
    Veft Properties
    since 2018
    5 recorded transactions
    2018
    $169,000
    2016
    2011
    2008
    1969
    Zoning & alternative use
    F COMM · Lansing, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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