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Property profile & analytics

115 Washington Sq, Unit 6 Lansing, MI 48933-1703

  • Turn key restaurants
  • 2,662 SF
  • 0.03 lot acres
OFF-MARKET
Value Estimation
$310,000
Location Intelligence
Property ID
US43-1606887
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Turn key restaurants

Property Details for 115 Washington Sq

Year built
2002
Lot size
0.03 lot acres
Property size
2,662 SF
Zone code
G-1 BUS
Property type
Turn key restaurants
APN
33-01-01-16-401-054
APU
33010116401054

Description

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.

Value Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • CAP approach

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
Lansing
County
Ingham
State
Michigan
Longitude
-84.552
Latitude
42.733
CBSA code
29620
CBSA name
LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$6,516
$7,300
$105,000
$112,300
-
$14,600
$210,000
$224,600
More about this property
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