4400 Grand River Ave Lansing, MI 48906
- Drive through restaurants
- 2,456 SF
- 0.88 lot acres
Current Use by Public Records
- Drive through restaurants
Property Details for 4400 Grand River Ave
- Year built
- 1996
- Lot size
- 0.88 lot acres
- Property size
- 2,456 SF
- Zone code
- F COMM
- Property type
- Drive through restaurants
- APN
- 33-01-01-06-201-061
- APU
- 33010106201061
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $285,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $380,000
- 6.5%
- $400,000
- 7%
- $435,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $385,000
- Geo Method
- $440,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $420,000
- Retail
- $410,000
- Mixed-Use
- $395,000
- Hospitality
- $400,000
- Educational
- $380,000
- Residential Income
- $390,000
- Energy
- $380,000
- Income-Based Land
- $455,000
- Food Service
- $490,000
Location Insight
- Map
- Local Demand
- City
- Lansing
- County
- Ingham
- State
- Michigan
- Longitude
- -84.5899
- Latitude
- 42.7669
- CBSA code
- 29620
- CBSA name
- LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA