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    637 E Michigan Ave Lansing, MI 48912

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    For Lease
    $30 SF/Yr ($10,067 /Mo)

    Former restaurant space available for lease in downtown Lansing.

    Property size:
    4,027 SF
    Lot size:
    1.75 Acres

    Property Features for 637 E Michigan Ave

    General Information

    Size
    4,027 SF
    Lot size
    1.75 Acres

    Source: Advantage Commercial Real Estate Agent Murphy Wynsma

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Restaurant Space in Historic Union Depot

    Located in the historic former Union Depot train station in downtown Lansing, this 4,027 square foot space, formerly a Bobcat Bonnie’s restaurant, is available for lease. Situated directly next to Starbucks and just east of the Lansing Lugnuts baseball stadium, the property includes all existing FF&E. Features include ample on-site parking, building and pylon signage, exceptional visibility, and prime street frontage along E Michigan Ave. Convenient access is provided to I-496 and US-127. The building offers flexible interior layouts suitable for a range of restaurant or retail uses. The surrounding area benefits from solid demographics and proximity to the Capitol, Lansing Brewing Company, Capital City Market, Lansing Civic Center, Bowdie’s Chophouse, University of Michigan Health-Sparrow Hospital, and numerous hotels and apartments. A liquor license is available for purchase.
    Insight Report Location Intelligence

    Current Use by Public Records

    Lansing Union Railroad ... Historical Landmark SemaConnect Charging Station Electric Vehicle Charging Station Starbucks Internet Cafe Bobcat Bonnie's Lansing American Restaurant Blink Charging Station Electric Vehicle Charging Station

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Firehouse Subs Downtown Lansing, MSG Enterprises

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Eaton
    State
    Michigan
    Longitude
    -84.54349
    Latitude
    42.733798

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    FAQs

    What type of property is this?
    Restaurant - Former restaurant space available for lease in downtown Lansing.
    Where is this restaurant located?
    The property is located at 637 E Michigan Ave Lansing, MI.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: - Prime location in the historic Union Depot, next to Starbucks and near the Lansing Lugnuts stadium.; - Includes all existing FF&E (furniture, fixtures, and equipment).; - Exceptional visibility and prime street frontage on E Michigan Ave.
    (616) 802-2608
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    Lansing, MI 48912
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    637 E Michigan Ave Lansing, MI 48912
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