Restaurant Space with
New
For Lease
$20 SF/Yr
123 S Washington Square, Lansing, MI 48933
Downtown space retains a restaurant layout, commercial exhaust hood, dining area, and restrooms.
Space Size1,452 SF
Days on Market3
Property Features for 123 S Washington Square
General Information
Standard status
Active
Size
1,452 SF
Net Rentable
1,452 SF
Property subtype
Retail
Zoning
DT-3
Lease Type
NNN
Space & Availability
Available Space
1,452 SF
Contiguous Space
1,452 SF
Space Use
Restaurant
Furnished
No
Restaurant
Commercial Hood
Yes
Equipment Included
No
Additional Details
Corner Location
Yes
Building Details
Tenancy
Single Tenant
Listing Agency:
Woodworth Commercial LLC
Listed By:
Todd M. Kosta · License #6501346341
(517) 679-8633
Source:
Cpix.resimplifi
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 21 at 2:30AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Woodworth Commercial LLC
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Investment Insights
Based on property information with market context.
This 1,452-square-foot restaurant space at 123 S Washington Square in Lansing has an existing food-service layout with a commercial kitchen area, exhaust hood, dining area, and restrooms. The prior tenant’s kitchen equipment and dining furniture are to be removed. The property is zoned DT-3.
The space occupies a downtown corner with large storefront windows and street frontage. It is near the Michigan State Capitol, downtown offices, and local businesses. More than 13,000 State of Michigan employees work in the downtown area, and over 500 apartment units are planned nearby.
The space occupies a downtown corner with large storefront windows and street frontage. It is near the Michigan State Capitol, downtown offices, and local businesses. More than 13,000 State of Michigan employees work in the downtown area, and over 500 apartment units are planned nearby.
Key Highlights
- 1,452‑square‑foot restaurant space
- Existing restaurant layout with commercial kitchen area, exhaust hood, dining area, and restrooms
- DT‑3 zoning
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Commercial hood
NNN (Triple Net)
Lease Type
$3.00 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
2,341
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48933, MI
2,467
Population
2,103
Households
1.2
Avg Household Size
33
Median Age
35%
College-Educated
88%
High-School Grad
1.0 sq mi
ZIP Area
2,467
Density / Sq Mi
$36,895
Median Household Income
$34,549
Median Earnings
$919
Median Rent
$130,200
Median Home Value
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Market
Lease Benchmarks for Lansing, MI
$17.8 /SF/Yr
Avg Asking Price
$12–$30 /SF/Yr
Price Range
31,922 SF
Avg Space Size
This space is priced 12% above the average of $17.8 /SF/Yr.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Downtown space retains a restaurant layout, commercial exhaust hood, dining area, and restrooms.
Where is this conventional restaurant located?
The property is located at 123 S Washington Square Lansing, MI.
What is the lease rate?
The lease rate is $20 SF/Yr.
What are key features of this property?
This property features: 1,452‑square‑foot restaurant space; Existing restaurant layout with commercial kitchen area, exhaust hood, dining area, and restrooms; DT‑3 zoning
