172 Edgewood Blvd, Lansing, MI 48911-5801
This 4,285-square-foot freestanding restaurant building is situated on a 1.17-acre lot at 172 E Edgewood Blvd in Lansing, Michigan (48911), offering exceptional visibility and accessibility. Built in 2001, the property features a large dining area, patio space, a full-service bar, and a substantial kitchen equipped with a large hood system, multiple fryers, a grill, walk-in freezer and refrigerator, and ample food preparation space including a three-compartment sink. Additional features include dry food storage and two private offices. The property's location on busy Edgewood Boulevard, at the border of Lansing and Holt, provides convenient access to I-96, ensuring high traffic volume and excellent exposure. The building is offered at $779,000, with a price per square foot of $181.80. The property is vacant and available under a NNN lease. The APN is 01-05-09-401-004. This is a turn-key opportunity for a restaurant operator seeking a well-equipped space in a high-traffic location.
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
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.