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    107 Washington Sq Lansing, MI 48933

    Sponsored
    For Lease
    $20 SF/Yr

    Prime Downtown Lansing Restaurant, 1740 sq ft

    Lot size:
    1,740 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1,740-square-foot restaurant space is ideally situated on the bustling main retail strip of downtown Lansing, Michigan, at the corner of Michigan Avenue and Washington Square. Its prime location offers unparalleled visibility and accessibility, boasting heavy pedestrian and vehicular traffic. The property is a single-tenant space, perfect for an established restaurant operator looking to expand or a new business seeking a high-traffic location. The building is situated just one block from the state Capitol, City Hall, and the Radisson Hotel, ensuring a consistent flow of customers. This location benefits from a vibrant and diverse culinary scene, with neighboring establishments including Pita Pit, Empire Szechuan, The Peanut Shop, Jimmy Johns, Zoup!, Grand Traverse Pie Company, Firehouse Subs, Kelly's Irish Pub, Troppo, and more. The existing restaurant equipment is available as part of the sale, presenting a significant advantage for a prospective buyer. This turnkey opportunity allows for immediate operation, minimizing start-up costs and maximizing potential returns. The address is 107 S Washington Square, Lansing, MI 48933. This is a rare chance to acquire a thriving restaurant space in a highly sought-after downtown location. The property is conveniently located adjacent to Juice Nation, further enhancing its appeal and visibility within the community.

    Property Features for 107 Washington Sq

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,740 SF

    Unit(s) available at that property

    Space
    Size
    1,740 SF
    Rate per SF
    $20

    HighLights

    • 1,740 SF restaurant space at 107 S Washington Square, Lansing, MI 48933.
    • Prime corner location on Michigan Ave & Washington Square with high foot and vehicle traffic.
    • Single‑tenant space, ideal for established or new restaurants.
    • One block from State Capitol, City Hall, and Radisson Hotel.
    • Existing restaurant equipment included.
    • Turnkey opportunity minimizing start‑up costs.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ryan Tax Preparation Service

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Eaton
    State
    Michigan
    Longitude
    -84.5518767
    Latitude
    42.7332158

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    FAQs

    What type of property is this?
    Restaurant - Prime Downtown Lansing Restaurant, 1740 sq ft
    Where is this restaurant located?
    The property is located at 107 Washington Sq Lansing, MI.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: 1,740 SF restaurant space at 107 S Washington Square, Lansing, MI 48933.; Prime corner location on Michigan Ave & Washington Square with high foot and vehicle traffic.; Single-tenant space, ideal for established or new restaurants.
    Request Owner's contact information
    107 Washington Sq Lansing, MI 48933
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    Lansing, MI 48933
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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
    107 Washington Sq Lansing, MI 48933
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