107-109 Allegan St Lansing, MI 48933
- Retail properties
- 5,632 SF
Current Use by Public Records
- Retail properties
Property Details for 107-109 Allegan St
- Year built
- 1929
- Property size
- 5,632 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional 5,632 square foot restaurant space, located in the heart of Downtown Lansing, presents a unique investment opportunity. Built in 1929 and renovated in 2003, the property features a spacious dining area ideal for a variety of restaurant concepts. The existing layout includes a well-equipped kitchen boasting a 15-foot hood, a large walk-in freezer, ample prep space, and a dedicated drink fill station. A separate bar area and restrooms are also included. Currently, 4,091 square feet are vacant, offering significant potential for customization and expansion. The property's prime location on Allegan Street, between South Washington Square and Grand Avenue, ensures high visibility and foot traffic. Its proximity to the State Capitol, government offices, university buildings, and numerous other businesses guarantees a steady stream of potential customers. Convenient street parking is readily available, with the South Grand Parking lot just a block away. This turnkey restaurant space is ready for immediate occupancy and offers an unparalleled chance to establish a thriving business in a vibrant and dynamic downtown setting. The property's APN is 33-01-01-16-401-106.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lansing
- County
- Ingham
- State
- Michigan
- Longitude
- -84.5516
- Latitude
- 42.7326
