115-119 E Grand River Ave - Storefront Retail/Office FOR SALE


East Lansing, MI 48823- Grand River
$7,500,000 USD
248-229-1300
115-119 E Grand River Ave, East Lansing, MI for Sale
$7,500,000 USD
Storefront Retail/Office - FOR SALE
1/15
null | 7.47% Cap Rate

115-119 E Grand River Ave
East Lansing, MI 48823
Grand River


HIGHLIGHTS

  • Existing commercial kitchen infrastructure, including vent hood and walk-in cooler, reduces startup costs.
  • Surrounded by national brands, dining, and service retailers fostering strong synergy and year-round traffic.
  • Prime location in Downtown East Lansing directly across from Michigan State University’s main campus.

OVERVIEW

Generational opportunity to acquire this fully leased mixed use property. Three retail spaces currently 100% leased to Rally House and Chandler Crossing. Additional income derived from two student apartments, totaling 9 beds, which have not experienced a day of vacancy since they were built new in 2012, and fully leased through the 2026-2027 academic year. The property delivers exceptional frontage along a heavily traveled Grand River Avenue, a commercial artery serving both the MSU student body (50,000 plus) and a growing local population. Also direct access to the pedestrian path and city parking deck adjacent to the north. Its B-3 zoning supports a versatile mix of commercial uses, making the site ideal for retailers, restaurants, or experiential concepts seeking to leverage substantial pedestrian traffic. Multi story redevelopment a potential for future improvement.

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/SF

$292 USD /SF

CAP RATE

7.47%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1927

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

B3

APN/PARCEL ID

20-02-18-163-002

ASK ABOUT THIS PROPERTY

Brian GordonGordon RealtyMore Info
248-229-1300

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Brian GordonGordon RealtyMore Info
248-229-1300

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.