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    410 Clippert St Lansing, MI 48912

    Sponsored
    For Sale
    $1,095,000

    Prime location, 11,976 sq ft, vacant.

    Property size:
    11,976 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 11,976-square-foot free-standing restaurant building, located at 410 S Clippert St in Lansing, Michigan (48912), presents a unique investment opportunity. Situated near Michigan State University's campus and conveniently accessible via US-127/I-496, this property boasts a prime location. Built in 1980 and extensively renovated in 2020, the single-story building sits on a 1.7-acre lot. The interior features a beautifully renovated space with a versatile layout including booths, tables, bar seating, and a lounge area. A sunken dance floor offers flexible use, potentially converting to additional seating. The property also includes a rear enclosed patio with an outdoor bar, perfect for expanding the seating capacity. The expansive kitchen is equipped with multiple prep areas, a large hood system, a dishwashing station, and a substantial walk-in cooler. The property's total capacity is 600, and all furniture, fixtures, and equipment (FF&E) are included in the sale. A liquor license is available for an additional $59,000. This NNN-leased, vacant property is priced at $1,095,000 ($91.43 per square foot) and represents a significant opportunity for a discerning investor. Its proximity to MSU and the new Red Cedar Development makes it an ideal location for a thriving business. The property offers ample seating, a private party area, and convenient highway access.

    Property Features for 410 Clippert St

    General Information

    Property type
    Restaurants
    Square Feet
    11,976 SF
    Lot Size
    74,052 SF

    Building Details

    Year Built/Renovated
    1980/2020
    Buildings
    1
    Stories
    1

    HighLights

    • Free‑standing restaurant building, 11,976 sq ft, on 1.7‑acre lot.
    • Prime location near Michigan State University campus and US‑127/I‑496.
    • Across from the new Red Cedar Development.
    • Includes all furniture, fixtures, and equipment (FF&E).
    • Liquor license available for $59,000.
    • 600‑person capacity with ample seating and a private party area.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Junction Event Venue The Junction Entertainment Entertainment Agency Green Dot Stables American Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.508460361599
    Latitude
    42.72941361812

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    FAQs

    What type of property is this?
    Restaurant - Prime location, 11,976 sq ft, vacant.
    Where is this restaurant located?
    The property is located at 410 Clippert St Lansing, MI.
    What is the asking price?
    The asking price for this property is $1,095,000.
    What are key features of this property?
    This property features: Free-standing restaurant building, 11,976 sq ft, on 1.7-acre lot.; Prime location near Michigan State University campus and US-127/I-496.; Across from the new Red Cedar Development.
    Request Owner's contact information
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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
    410 Clippert St Lansing, MI 48912
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