Property profile

0 Nda Needed East Lansing, MI 48823

OFF-MARKET
Retail properties & Spaces
36,796 SF Built 1998
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Property summary

AI-generated overview

This exceptional investment opportunity presents a thriving, established distillery in East Lansing, Michigan. Boasting a substantial 36,796 square feet, this property is housed in a beautifully restored public works building, transformed in 2012. The distillery, one of Michigan's largest and oldest, dating back to 1998, offers a tranquil setting with numerous on-site amenities. The impressive facility produces high-quality, artisan-distilled vodka, gin, whiskey, bourbon, and brandy, utilizing fresh, locally-sourced fruits and herbs in its cocktail creations. The on-site cocktail bar complements the distillery's offerings, providing a unique and profitable revenue stream. The asking price for this turnkey operation is $4,000,000, translating to $108.71 per square foot. This represents a rare chance to acquire a well-established, high-performing business in a desirable location within Ingham County, Michigan, zip code 48823. The property's size and established reputation make it an attractive investment for discerning buyers seeking a profitable and unique venture in the craft spirits industry. The building's history and the distillery's commitment to quality ensure a strong foundation for continued success and growth. This is a truly unique opportunity to own a piece of Michigan's distilling heritage.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1998
Total area 36,796 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Nda Needed East Lansing, MI 48823
East Lansing metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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