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Property profile & analytics
OFF-MARKET
Retail space

107 Washington Sq 9 Lansing, MI 48933-1777

4,545 SF 0.04 ac lot Built 1885
Entity Owned 23-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US43-0215265
Property summary
AI-generated overview

This exceptional 1,740-square-foot restaurant space is ideally situated on the bustling main retail strip of downtown Lansing, Michigan, at the corner of Michigan Avenue and Washington Square. Its prime location offers unparalleled visibility and accessibility, boasting heavy pedestrian and vehicular traffic. The property is a single-tenant space, perfect for an established restaurant operator looking to expand or a new business seeking a high-traffic location. The building is situated just one block from the state Capitol, City Hall, and the Radisson Hotel, ensuring a consistent flow of customers. This location benefits from a vibrant and diverse culinary scene, with neighboring establishments including Pita Pit, Empire Szechuan, The Peanut Shop, Jimmy Johns, Zoup!, Grand Traverse Pie Company, Firehouse Subs, Kelly's Irish Pub, Troppo, and more. The existing restaurant equipment is available as part of the sale, presenting a significant advantage for a prospective buyer. This turnkey opportunity allows for immediate operation, minimizing start-up costs and maximizing potential returns. The address is 107 S Washington Square, Lansing, MI 48933. This is a rare chance to acquire a thriving restaurant space in a highly sought-after downtown location. The property is conveniently located adjacent to Juice Nation, further enhancing its appeal and visibility within the community.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1885
Total area 4,545 SF
Lot 0.04 ac (1,568 SF)
Zoning code G-1 BUS
APN 33-01-01-16-183-043
UPID US43-0215265
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Ryan Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
107 North Washington Ave LLC
107 North Washington Ave LLC
3 recorded transactions
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
G-1 BUS · Lansing, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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