5000 Grand River Ave Lansing, MI 48906
- Commercial land
- 0.68 lot acres
Current Use by Public Records
- Airport Tavern / Steak House / American Restaurant
- F&PchimneySweep&dryerVent / Corporate Office / Chimney Sweep
Property Details for 5000 Grand River Ave
- Lot size
- 0.68 lot acres
- Zone code
- J & H
- Property type
- Commercial land
- APN
- 33-01-01-06-101-111
- APU
- 33010106101111
Description
This exceptional opportunity presents the acquisition of the Airport Tavern and Steakhouse, a well-established Lansing restaurant and bar. Located at 5000 N Grand River Ave, in Ingham County, Michigan, 48906, this thriving business boasts a rich history spanning 54 years. The property sits on a generous 1.3-acre lot and encompasses 3,705 square feet of commercial space, built in 1929. Currently operating Tuesday through Saturday from 4:00 PM to 9:00 PM, serving food and drinks, the business is zoned for commercial use. The asking price is $450,000, translating to $121.46 per square foot. Detailed financial information is available upon execution of a confidentiality agreement. This turnkey operation presents a unique chance to own a long-standing community favorite in a desirable Lansing location. The property's size and location offer significant potential for expansion and increased revenue streams. Serious inquiries only.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lansing
- County
- Ingham
- State
- Michigan
- Longitude
- -84.5957
- Latitude
- 42.7687
- CBSA code
- 29620
- CBSA name
- LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
