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Financial
Distress signals
Property profile

501 Grand Riv Ave 1 East Lansing, MI 48823

OFF-MARKET
Retail space
Property ID
US43-1626310
4,346 SF 0.12 ac lot Built 1949
Last sale May 2016
Trust Owned Owner of record is a trust. 10-yr Hold Held for 10 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is an operating coffee shop located at 501 E Grand River Avenue in East Lansing and is configured for café-style food and beverage service. It provides approximately 7,790 square feet of interior space with an arrangement intended to support customer flow and daily operations, including commercial-grade equipment for beverage preparation and the offering of light food. The space includes furniture, fixtures, and equipment associated with coffee shop operations, and the building is…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2019

What does the county charge?
$17k
Tax billed · 2019
Assessed value · 2023$278k
Assessed land$162k
Assessed improvement$116k
Effective rate6.08%

Value estimate

· Oct 2026
$405k
$365k – $446k
AI approach$405k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$79/SF
County average, outlier-cleaned · 136 recorded sales of this use type
Observed band · Q1–Q3$43 – $117
Qualifying comparables7

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
B3
JurisdictionINGHAM

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office12.6
Hair Salon12.4
Realty agency12.3

Location

501 Grand Riv Ave, Unit 1 East Lansing, MI 48823-4404
County assessor Recorded deeds · 2 transfers 7 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4980 Park Lk, East Lansing, MI 48823-3836 $635,000 May 2024 6,000 SF
626 Michigan, East Lansing, MI 48823-4219 $1,066,667 Apr 2023 5,103 SF
321 Grand Riv, East Lansing, MI 48823-4324 $850,000 Mar 2022 3,808 SF
515 Grand Riv, East Lansing, MI 48823-4203 $950,000 Feb 2020 3,420 SF
423 Albert, East Lansing, MI 48823-4406 $425,000 Dec 2019 3,380 SF
3315 Coolidge, East Lansing, MI 48823-6366 $1,630,000 Oct 2019 3,384 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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