501 E Grand River Avenue East Lansing, MI $ 389,999
501 E Grand River Avenue
$ 389,999
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501 E Grand River Avenue

East Lansing, MI, 48823
$ 389,999
Bedrooms-- Baths-- Sq 4,346

Monthly Estimate*

$ 2,401

501 E Grand River Avenue, East Lansing, MI 48823 - Image 1
501 E Grand River Avenue, East Lansing, MI 48823 - Image 2
501 E Grand River Avenue, East Lansing, MI 48823 - Image 3
501 E Grand River Avenue, East Lansing, MI 48823 - Image 4
501 E Grand River Avenue, East Lansing, MI 48823 - Image 5
501 E Grand River Avenue, East Lansing, MI 48823 - Image 6
501 E Grand River Avenue, East Lansing, MI 48823 - Image 7
501 E Grand River Avenue, East Lansing, MI 48823 - Image 8
501 E Grand River Avenue, East Lansing, MI 48823 - Image 9

Commercial Property for sale in East Lansing, MI

for $389,999. This 4,346 square foot building was built in 1949 on a lot size of 0.12.

Excellent opportunity to acquire a fully operational, turnkey coffee shop with all furniture, fixtures, and equipment included in the sale. This established business is currently open and operating, offering a seamless transition for a new owner to step in and continue generating revenue from day one. The café has been thoughtfully built out with a functional layout designed for efficiency, customer flow, and daily operations. The space is clean, well-maintained, and equipped with everything needed to run a successful coffee shop, including commercial-grade equipment and a complete setup for beverage and light food service. Positioned in a high-visibility, high-traffic area, the business benefits from consistent foot traffic and strong local demand. The location is ideal for continued growth, whether maintaining the current concept or introducing new ideas to expand offerings and increase revenue. This opportunity is perfect for an owner-operator, investor, or entrepreneur looking to enter the coffee industry without the delays, buildout costs, and uncertainties of starting from scratch. The existing infrastructure and operational setup provide immediate value and scalability. Buyer has the option to continue operating under the current franchise model if desired, or rebrand and operate independently, subject to applicable agreements. Financial documents will be provided to qualified buyers, along with the Franchise Disclosure Document (FDD) for those interested in franchise continuation. Serious inquiries only. A rare chance to acquire a fully built-out and income-producing coffee shop with strong potential for future growth.

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Commercial Active

Price

$ 389,999

Property Type

Commercial

Taxes

$ 17,772

Style

Business

Lot Size

0.12

Year Built

1949

Town/City

East Lansing

County/Region

Ingham

MLS | Web ID

20261030884

Features
General
Sewer PublicSewer
Heating ForcedAir NaturalGas
Cooling CentralAir
Possession ClosePlus16to29Days
Garage Spaces 0.0
Construction Materials Brick
Year Built 1949
Levels One
Property Subtype Business
Current Use Restaurant Retail Service
Business Type Retail Service
County Ingham
Net Operating Income 468000.0
Operating Expense 252000.0
New Construction N
Property Type BusinessOpportunity
HOA N
Attached Garage N
Subdivision Name ASSRS OF CHASE
Garage Y/N N
Status Active
Directions E of Grand River
City EastLansingCity_Ingham
Disclosures InventoryIncluded NoRestrictions
Senior Community Y/N N
High School District EastLansing
Zoning Description Commercial
MLS Area Area11013EastLansing
Lot Size Units Acres
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 17772.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Occupancy Type Tenant
Tax Assessed Value 254500
Expected Active Date 2026-05-03
Legal Description LOT 1 ASSESSOR'S PLAT OF CHASE SUB OF PART OF LOT 78 COLLEGE GROVE
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Exterior
Water Source Public
Foundation Details Slab
Spa N
Building Area Total 7790.0
Lot Dimensions 41X132
Lot Size Acres 0.12
Waterfront Y/N N
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Above Grade Finished Area 4346.0
Above Grade Finished Area Unit Type SquareFeet
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Internal Only
Street Number 1 501
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* Excluded Features
List By
Simon Saleh

Listing Agent

Simon & Associates Real Estate

Broker

(248) 635-2880

Phone

Affordability Calculator

$3,882
Per Month
62%
38%
0%
Monthly Principal & Interest
$2,401
Monthly Property Taxes
$1,481
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
4909359 Elementary School
4909689 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/4/2026$389,999 Listed Price

Map


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501 E Grand River Avenue, East Lansing, MI, 48823 is a Commercial Property for sale at $389,999 with 4,346 sqft and a lot size of 0.12. 501 E Grand River Avenue was built in 1949. The property's zip code is 48823 which is in East Lansing, MI