115 Washington Sq 6, Lansing, MI 48933-1703
This 3,387 square foot restaurant space, built in 1985 and renovated in 2002, is ideally situated in downtown Lansing at 115 S Washington Square, zip code 48933. The single-tenant property boasts a spacious dining area easily accommodating numerous booths and tables, along with built-in features such as buffet warming stations and a drink filling station. The well-equipped kitchen includes multiple prep stations, a large walk-in freezer and refrigerator, a three-compartment sink, and a substantial 25-foot hood covering six wok stations. Its prime location offers exceptional walkability to state buildings, the Capitol, and numerous downtown apartments. The property benefits from high visibility and foot traffic, nestled between W. Michigan Ave and E Allegan St. This vibrant area is home to a diverse mix of quick-service and sit-down restaurants, including established businesses such as Jimmy John's, Juice Nation, AnQi Sushi Express, La Cocina Cubana, Sahara Delight, and the Peanut Shop, creating a thriving culinary environment. This turnkey restaurant space presents a unique opportunity for a variety of food service concepts. The property is classified as Retail and Restaurant, specifically suited for quick-service, fast food, and dine-in establishments.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
G-1 BUS · Lansing, MILansing. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.