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    Conventional Restaurant

    Lansing, MI Conventional Restaurants for Sale

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    Old Town Diner with Garage
    Updated: Aug 12, 2020
    Old Town Diner with Garage

    516 E Grand River Avenue, Lansing, MI 48906

    $399,000
    1,587 sqft 0.20 AC lot
    1,587‑square‑foot restaurant on a 0.2‑acre parcel
    Remodeled in 2007; originally constructed in 1928
    Commercial kitchen with cooktop, range hood, dishwasher, refrigeration, and freezer equipment
    Front and rear parking areas
    3‑car garage at the rear of the property
    View details
    Ground-Leased Retail/Restaurant Building
    Updated: Jun 16
    Ground-Leased Retail/Restaurant Building

    6524 E Saginaw Hwy, Lansing, MI 48917

    $2,562,183
    6,893 sqft
    Well‑maintained 6,893 SF building constructed in 2003 on a low rent ground lease
    15‑year lease extension just received
    Zoned C
    Ground‑leased commercial building in Lansing, MI
    View details
    Drive-Through Restaurant Sale-Leaseback
    Drive-Through Restaurant Sale-Leaseback

    6525 S Pennsylvania Ave, Lansing, MI 48911

    $1,600,000
    3,016 sqft

    An operating restaurant property with drive-thru functionality and an in-place modified gross lease.

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    See hot listings in Lansing

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
    Est. NOI available after sign in
    Local Demand available after sign in
    Full-Service Restaurant with Patio
    Full-Service Restaurant with Patio

    172 E Edgewood Blvd, Lansing, MI 48911

    $525,000
    4,285 sqft 1.17 AC lot

    Restaurant property includes an operational kitchen, covered outdoor seating, and dedicated parking.

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    Updated Restaurant Building
    Updated Restaurant Building

    3135 S Pennsylvania Avenue, Lansing, MI 48910

    $299,900
    3,004 sqft

    Operating restaurant property with commercial kitchen infrastructure, cooling capacity, and adaptable interior space.

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    Freestanding Storefront with Parking
    Freestanding Storefront with Parking

    401 E Mount Hope Avenue, Lansing, MI 48910

    $298,000
    2,220 sqft

    Freestanding commercial space with private parking, existing bathrooms, and flexibility for a new retail or service concept.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Freestanding Former Wendy’s Restaurant
    Freestanding Former Wendy’s Restaurant

    2727 Eaton Rapids Rd, Lansing, MI 48911

    Contact for pricing
    3,550 sqft

    Former Wendy’s property with C-3 zoning near an I-96 off-ramp.

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    Applebee's NNN Restaurant
    Applebee's NNN Restaurant

    6270 S. Cedar Street, Lansing, MI 48911

    Contact for pricing

    The restaurant is positioned along S Cedar Street near I-96 and surrounding retail destinations.

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    Restaurant with Drive-Thru For Sale
    Restaurant with Drive-Thru For Sale

    4021 W Saginaw Hwy, Lansing, MI 48917

    Contact for pricing
    2,856 sqft 1.32 AC lot

    Free-standing restaurant with drive-thru on 1.32 acres.

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    Based on your search, we've compiled 13 Potential Opportunities for your consideration. Besides 9 Active listings in Lansing, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Freestanding Restaurant Building
    Freestanding Restaurant Building

    3464 Okemos Rd, Okemos, MI 48864

    $449,900
    3,564 sqft

    Freestanding 2,100 SF restaurant building offers ample on-site parking and strong street presence on a high-traffic corridor.

    View details
    Historic Restaurant with Patio
    Historic Restaurant with Patio

    208 S Cochran Avenue, Charlotte, MI 48813

    $339,900
    1,848 sqft

    Restored interiors include exposed brick, a full-service bar, and indoor-outdoor seating.

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    Three-Story Restaurant Building
    Three-Story Restaurant Building

    111 W Grand River Ave, Okemos, MI 48864

    $850,000
    5,744 sqft

    Includes a basement, liquor license, and flexible sale or lease considerations.

    View details
    Drive-Through Restaurant Property
    Drive-Through Restaurant Property

    640 Lansing St, Charlotte, MI 48813

    Contact for pricing

    Former Rally's site with established drive-through functionality and pylon and building signage.

    View details

    Lansing, MI Conventional Restaurants Market Trends and Statistics

    Explore 9 conventional restaurants for sale in Lansing, MI, showcased through 9 active listings on our real estate platform. These investment opportunities span a total of 27,411 square feet of properties for sale, with an estimated market value of $5,684,083.

    Sale prices for conventional restaurants in Lansing, MI start at $298,000, averaging $947,347, and reaching up to $2,562,183 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Conventional restaurants 18
    Drive through restaurants 5
    Commercial kitchens 4
    Bars & Pubs 3
    Pubs 2

    Demographics Overview

    Population 161K
    Population Growth (5Y) +3.3%
    Median Household Income $58,292
    College Educated 13.8%

    High-Yield Neighborhoods for Investment

    Identify Lansing submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    48910 $262.5K
    48911 $1.1M
    48917 $2.6M

    Taxes & Financing

    Tax Rate (average for all types) 5.48%
    Property Tax per SF $86.80 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Ingham County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Lansing fall within the 10,000 to 25,000 square foot range.

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    Most Searched ZIP Codes in Lansing, MI

    • 48911
    • 48910
    • 48917
    • 48906

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