107-109 Allegan St Lansing, MI 48933
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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