Property profile

980 Saginaw Hwy Grand Ledge, MI 48837

OFF-MARKET
Drive through restaurants
Property ID
US43-2105125
3,896 SF 4.24 ac lot
Entity Owned Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 980 E Saginaw Hwy in Grand Ledge, Michigan, presents a unique investment opportunity. The single-tenant building, totaling 4,007 square feet, sits on a sizable 4.24-acre lot and boasts excellent visibility and accessibility from the busy East Saginaw Highway. Built in 1997, the one-story structure previously housed a Wendy's restaurant and includes a drive-thru. The property also features a substantial 1,809 square foot storage building, adding significant versatility. With 55 total parking spaces, ample room is available for customers and employees. The B-1 zoning allows for a variety of retail and restaurant uses. The property's location within a prominent retail corridor, surrounded by national tenants, ensures high traffic and strong potential for success. The property's APN is 400-013-100-070-00, and it is situated in Eaton County, Michigan, zip code 48837. This is a rare chance to acquire a well-located, established commercial property with significant potential for growth and return on investment. The entire building is currently vacant, offering immediate occupancy for a new tenant or business owner. The property's size and features make it ideal for a variety of commercial uses, providing flexibility for potential buyers. The combination of high visibility, ample parking, and a strategic location makes this an attractive proposition for discerning investors seeking a strong foothold in a thriving market.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Total area 3,896 SF
Lot 4.24 ac (184,694 SF)
Zoning code B-1
APN 400 013 100 070 00
UPID US43-2105125

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

980 Saginaw Hwy Grand Ledge, MI 48837-9419
Grand Ledge metro Census 20402 LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$620k

Owner & transaction history

since 2026
5 recorded transactions
2026
Price N/A
2025
Price N/A
2021
Price N/A
2021
Price N/A
2015
$1.4M

Zoning & alternative use

B-1 · Grand Ledge, MI
Zoning description

lot Plan (Depicts Required Setbacks on Land) (PDF) Basic Residential Accessory Structure Regulations (PDF) Basic Sign Ordinance Regulations (PDF) Examples of Illegal Signs (PDF) Commercial Planning & Zoning Regulations "…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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