523 Shiawassee St Lansing, MI 48912
- Manufacturing properties
- 6,380 SF
- 0.30 lot acres
Current Use by Public Records
- Michigrain Distillery / Distillery
- Michigrain Cannabis / Chemical Wholesaler
Property Details for 523 Shiawassee St
- Year built
- 1966
- Lot size
- 0.30 lot acres
- Property size
- 6,380 SF
- Zone code
- H LT IN
- Property type
- Manufacturing properties
- APN
- 33-01-01-16-228-171
- APU
- 33010116228171
Description
This exceptional 6,380 square foot restaurant is ideally situated in Lansing's vibrant Stadium District, a dynamic area attracting 4.8 million visitors annually. The property boasts unparalleled visibility and prime signage opportunities, ensuring maximum exposure for your business. Its single-tenant occupancy offers a streamlined operational structure. The building's location within the Stadium District provides significant foot traffic, benefiting from the proximity to several substantial residential developments. These include the Outfield Lofts (83 units), Marketplace Apartments (159 units), Stadium District Apartments (40 units), and BLOCK600 Lofts (40 units), guaranteeing a consistent flow of potential customers. The property is located at 523 E Shiawassee St, Lansing, MI 48912, within Ingham County. This turnkey restaurant space presents a unique opportunity for established businesses or entrepreneurs seeking a high-traffic location in a thriving urban environment. The property type is classified as a restaurant with a single tenant occupancy. The substantial square footage provides ample space for a variety of culinary concepts and operational needs. This prime location offers an unparalleled chance to establish or expand a successful restaurant venture in a dynamic and rapidly growing area of Lansing. The high volume of foot traffic and visibility make this a truly exceptional opportunity.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $350,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $430,000
- 6.5%
- $420,000
- 7%
- $360,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $405,000
- Geo Method
- $445,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $440,000
- Retail
- $350,000
- Mixed-Use
- $340,000
- Hospitality
- $380,000
- Educational
- $435,000
- Residential Income
- $335,000
- Energy
- $370,000
- Income-Based Land
- $385,000
- Food Service
- $335,000
Location Insight
- Map
- Local Demand
- City
- Lansing
- County
- Ingham
- State
- Michigan
- Longitude
- -84.5454
- Latitude
- 42.7375
- CBSA code
- 29620
- CBSA name
- LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
