516 E Grand River Avenue Lansing, MI ^$ 399,000

516 E Grand River Avenue

^$ 399,000

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516 E Grand River Avenue

Lansing, MI, 48906

^$ 399,000

Studio Baths0.0 Sq 1,587

Monthly Estimate*

^$ 2,652

516 E Grand River Avenue, Lansing, MI 48906 - Image 1

516 E Grand River Avenue, Lansing, MI 48906 - Image 2

516 E Grand River Avenue, Lansing, MI 48906 - Image 3

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516 E Grand River Avenue, Lansing, MI 48906 - Image 5

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516 E Grand River Avenue, Lansing, MI 48906 - Image 7

516 E Grand River Avenue, Lansing, MI 48906 - Image 8

516 E Grand River Avenue, Lansing, MI 48906 - Image 9

516 E Grand River Avenue, Lansing, MI 48906 - Image 10

516 E Grand River Avenue, Lansing, MI 48906 - Image 11

516 E Grand River Avenue, Lansing, MI 48906 - Image 12

516 E Grand River Avenue, Lansing, MI 48906 - Image 13

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516 E Grand River Avenue, Lansing, MI 48906 - Image 16

Studio

Commercial Property for sale in Lansing, MI

for $399,000. This 1,587 square foot building was built in 1928 on a lot size of 0.2.

Welcome to Old Town Diner, the locals are great, the staff is very down to earth! If you love to cook you'll love the kitchen and our spacious diner that was fully remodeled in 2007. Parking is available out front with plenty of parking available in the rear. There is a 3 car garage in the back. Must have a 24-hour show notice to view.

Commercial Pending

Price

^$ 399,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 3,534

Style

Ranch

Lot Size

0.2

Year Built

1928

Town/City

Lansing

County/Region

Ingham

MLS | Web ID

248657

Features

General

Sewer Public Sewer

Heating Forced Air Natural Gas Other

Cooling Central Air Window Unit(s) Ceiling Fan(s)

Roof Metal Other

Appliances Water Heater Refrigerator Cooktop Free-Standing Freezer Dishwasher Freezer Gas Water Heater Microwave Range Hood

Exterior Features Lighting

Architectural Style Ranch

Security Features Smoke Detector(s)

Construction Materials Concrete

Year Built 1928

Township Lansing City

Levels One

Property SubType Business Opportunity

Tax Year 2020

Business Type Restaurant

Business Name Old Town Diner

County Ingham

New Construction N

Property Type Commercial Sale

Attached Garage N

Subdivision Name None

Garage Y/N N

Other Structures Garage(s) Storage

Status Pending

Directions Cedar to E Grand River Ave to Old Town Diner.

City Lansing

Buyer Agent Compensation 3.00

View Y/N N

High School District Lansing

Lot Size Square Feet 8712.0

Waterfront Y/N N

Carport Y/N N

Street Name Grand River

Land Lease Y/N N

Tax Annual Amount 3534.85

Lease Renewal Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Standard Status Pending

Buyer Agent Compensation Type %

Legal Description LOT 3 BLOCK 15 ORIG PLAT

Senior Community None

Interior

Basement None

Flooring Ceramic Tile Laminate Other

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Above Grade Finished Area 1587.0

Street Suffix Avenue

Laundry Features None

Electric On Property Y/N N

Total Baths 0

Exterior

Fencing Back Yard Front Yard

Parking Features Detached Dirt Garage Faces Front Gravel

Lot Features Cleared Gentle Sloping

Water Source Public

Lot Size Area 0.2

Foundation Details Slab

Building Area Total 1587.0

Lot Dimensions 66 x 132

Lot Size Acres 0.2

Road Surface Type Paved

Lot Size Units Acres

Foundation Area 1587.0

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 516

* Excluded Features

List By

Jennifer L Saxton

Listing Agent

Nexthome Property Mart

Broker

jennifer@merchantsolution.com

Affordability Calculator

$2,946

Per Month

Monthly Principal & Interest: $2,652
Monthly Property Taxes: $295
Monthly Home Insurance: --

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Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Lansing, MI

Average List Price ^$421,608

Percent of Sale Price 6%

About Lansing, MI

115,311 Population

-2% Since 2002

^$37,738 Median Income

35.24 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2075809 Elementary School

2075905 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
7/20/2021	$399,000	-6.12%	Price Down
8/12/2020	$425,000		Listed Price

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516 E Grand River Avenue, Lansing, MI, 48906 is a Commercial Property for sale at $399,000 with 1,587 sqft and a lot size of 0.2. 516 E Grand River Avenue is a studio with 0.0 baths and was built in 1928. The property's zip code is 48906 which is in Lansing, MI

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the IDX Program of The Greater Lansing Association of REALTORS® Multiple Listing Service. Real estate listings held by brokerage firms other than Weichert Realtors include the name of the listing broker.

Information is deemed reliable but is not guaranteed accurate by the MLS.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 6/2/2024.

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516 E Grand River Avenue

Commercial Property for sale in Lansing, MI

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