547-549 E Grand River Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
547-549 E Grand River Ave
7,500 SF 100% Leased Retail Building East Lansing, MI 48823 $1,950,000 ($260/SF) 5.71% Cap Rate
Investment Highlights
- Location
Executive Summary
Original owner/builder offers premier strategic location. Building is in excellent condition for commercial enterprise on main level and seven-bedroom apartment on the second floor. Direct sale only (no owner financing). Building includes full basement of approximately 2,500 SF, can be used for storage or retail space.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
7,500 SF
Building Class
C
Year Built
1946
Price
$1,950,000
Price Per SF
$260
Cap Rate
5.71%
NOI
$111,400
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.15
Land Acres
0.08 AC
Zoning
B3 - commercial / residential
Frontage
55 FT on E Grand River Ave
Amenities
- Bus Line
- Signage
Walk Score ®
Very Walkable (89)
Bike Score ®
Biker's Paradise (90)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 20-02-18-168-009 | Improvements Assessment | $150,400 (2024) |
| Land Assessment | $118,400 (2024) | Total Assessment | $268,800 (2024) |
PROPERTY TAXES
Parcel Number
20-02-18-168-009
Land Assessment
$118,400 (2024)
Improvements Assessment
$150,400 (2024)
Total Assessment
$268,800 (2024)
-
Steve Perry - Perry Investment Group LLC
1 of 6
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Perry Investment Group LLC
547-549 E Grand River Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.