Conventional Restaurant

Lansing, MI Conventional Restaurants for Sale

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East Lansing, MI Okemos, MI Dewitt, MI Holt, MI Dimondale, MI Bath, MI Grand Ledge, MI Haslett, MI
Found 8 conventional restaurant listings for sale in Lansing, MI, averaging $275/sq ft. Use valuation data to compare deals faster.
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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
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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
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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 Former Wendy’s Restaurant
Freestanding Former Wendy’s Restaurant

2727 Eaton Rapids Rd, Lansing, MI 48911

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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

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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

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2,856 sqft 1.32 AC lot

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

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8 active listings match your search: Restaurant for sale in Lansing, MI. Based on your search, we've also compiled 4 Potential Opportunities for your consideration: 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.

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Absolute NNN Restaurant Property
Absolute NNN Restaurant Property

222 Lansing Road, Charlotte, MI 48813

$1,585,391

An absolute NNN lease places responsibility for property expenses with the tenant.

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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.

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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.

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Lansing, MI Conventional Restaurants Market Trends and Statistics

Explore 8 conventional restaurants for sale in Lansing, MI, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 25,191 square feet of properties for sale, with an estimated market value of $5,386,083.

Sale prices for conventional restaurants in Lansing, MI start at $299,900, averaging $1,077,216, 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 15
Drive through restaurants 6
Bars & Pubs 3
Commercial kitchens 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 $299K
48906 $399K
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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