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    523 Shiawassee St Lansing, MI 48912

    For Lease
    $18 SF/Yr ($9,570 /Mo)

    Thriving Downtown Lansing Restaurant, 6380 sq ft.

    Lot size:
    6,380 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 6,380 square foot restaurant is ideally situated in Lansing's vibrant Stadium District, a dynamic area attracting 4.8 million visitors annually. The property boasts unparalleled visibility and prime signage opportunities, ensuring maximum exposure for your business. Its single-tenant occupancy offers a streamlined operational structure. The building's location within the Stadium District provides significant foot traffic, benefiting from the proximity to several substantial residential developments. These include the Outfield Lofts (83 units), Marketplace Apartments (159 units), Stadium District Apartments (40 units), and BLOCK600 Lofts (40 units), guaranteeing a consistent flow of potential customers. The property is located at 523 E Shiawassee St, Lansing, MI 48912, within Ingham County. This turnkey restaurant space presents a unique opportunity for established businesses or entrepreneurs seeking a high-traffic location in a thriving urban environment. The property type is classified as a restaurant with a single tenant occupancy. The substantial square footage provides ample space for a variety of culinary concepts and operational needs. This prime location offers an unparalleled chance to establish or expand a successful restaurant venture in a dynamic and rapidly growing area of Lansing. The high volume of foot traffic and visibility make this a truly exceptional opportunity.

    Property Features for 523 Shiawassee St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,380 SF
    Total Rate
    9570

    Unit(s) available at that property

    Space
    Size
    6,380 SF
    Rate per SF
    $18

    HighLights

    • High‑visibility corner lot (0.30 acres) at E. Shiawassee & N. Larch Streets with 12,200 daily vehicle count.
    • Ample paved parking and convenient loading area with garage access.
    • Two‑story building with abundant natural light, multiple entry points, outdoor patio, and ramp access.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Michigrain Distillery Distillery Michigrain Cannabis Chemical Wholesaler

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Law Firm Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.5454387
    Latitude
    42.7374669

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    FAQs

    What type of property is this?
    Restaurant - Thriving Downtown Lansing Restaurant, 6380 sq ft.
    Where is this restaurant located?
    The property is located at 523 Shiawassee St Lansing, MI.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: High-visibility corner lot (0.30 acres) at E. Shiawassee & N. Larch Streets with 12,200 daily vehicle count.; Ample paved parking and convenient loading area with garage access.; Two-story building with abundant natural light, multiple entry points, outdoor patio, and ramp access.
    Request Owner's contact information
    523 Shiawassee St Lansing, MI 48912
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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
    523 Shiawassee St Lansing, MI 48912
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