1054 E Grand River Ave
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1054 E Grand River Ave
2,000 SF Retail Building East Lansing, MI 48823 $1,600,000 ($800/SF)
Investment Highlights
- INCOME PRODUCING/ REDEVELOPMENT OPPORTUNITY
- Lot Size: 0.44 Acres
- Zoning: EV
Executive Summary
- Remaining lease term expires July 2024, with two 5-year options.
- Option to buyout lease.
- Option to buyout lease.
Property Facts In Escrow
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,000 SF
Building Class
C
Year Built
1953
Price
$1,600,000
Price Per SF
$800
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Land Acres
0.44 AC
Zoning
EV - Commercial
Parking
5 Spaces (2.84 Spaces per 1,000 SF Leased)
Frontage
115 FT on E Grand River Ave
Amenities
- Air Conditioning
Walk Score ®
Very Walkable (81)
Bike Score ®
Very Bikeable (77)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 20-02-18-422-003 | Improvements Assessment | $97,500 |
Land Assessment | $86,400 | Total Assessment | $183,900 |
PROPERTY TAXES
Parcel Number
20-02-18-422-003
Land Assessment
$86,400
Improvements Assessment
$97,500
Total Assessment
$183,900
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1054 E Grand River Ave
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