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    109 Washington Sq Lansing, MI 48933

    Sponsored
    For Lease
    $13 SF/Yr

    Downtown Lansing retail, two suites available.

    Lot size:
    3,206 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional retail property, located at 109-111 S. Washington Square in Lansing, Michigan, offers two available suites ideal for a variety of businesses. Situated in the heart of downtown Lansing, this property boasts a highly desirable location with excellent foot traffic. The building features a total of two suites, with a minimum divisible space of 1,086 square feet and a maximum contiguous space of 2,120 square feet, providing flexibility for various business needs. The "Downtown Retail" classification ensures high visibility and accessibility for customers. The property's prime location offers significant advantages, including excellent opportunities for building signage to enhance brand visibility. Furthermore, its proximity to key landmarks such as the State Capitol and City Hall, both within a three-minute walk, guarantees high daily pedestrian traffic and exposure to a large potential customer base. This Ingham County property presents a unique opportunity for businesses seeking a vibrant and accessible location in the heart of Lansing's bustling downtown area. The property is zoned for retail and restaurant uses, making it suitable for a wide range of businesses. The address is 109-111 S. Washington Square, Lansing, MI 48933.

    Property Features for 109 Washington Sq

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,206 SF

    Unit(s) available at that property

    Space
    A
    Size
    1,086 SF
    Rate per SF
    $13
    Space
    B
    Size
    2,120 SF
    Rate per SF
    $13

    HighLights

    • Two available retail suites in downtown Lansing, MI.
    • 1,086 - 2,120 square feet of flexible space.
    • High foot traffic location in the heart of downtown, near State Capitol and City Hall.
    • Excellent signage opportunities and high visibility.
    • Zoned for retail and restaurant uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neva lee's Store Kositchek's Hair Salon Beauty Salon Cool Cuts Hair Salon

    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
    Ingham
    State
    Michigan
    Longitude
    -84.5518256
    Latitude
    42.7331277

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    FAQs

    What type of property is this?
    Restaurant - Downtown Lansing retail, two suites available.
    Where is this restaurant located?
    The property is located at 109 Washington Sq Lansing, MI.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: Two available retail suites in downtown Lansing, MI.; 1,086 - 2,120 square feet of flexible space.; High foot traffic location in the heart of downtown, near State Capitol and City Hall.
    Request Owner's contact information
    109 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
    109 Washington Sq Lansing, MI 48933
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