Property profile

172 Edgewood Blvd Lansing, MI 48911

OFF-MARKET
Turn key restaurants
Property ID
US43-0220627
4,285 SF 1.17 ac lot Built 2001
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2001
Total area 4,285 SF
Lot 1.17 ac (50,965 SF)
APN 33-01-05-09-401-004
UPID US43-0220627

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

172 Edgewood Blvd Lansing, MI 48911-5801
Lansing metro Census 5303 LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$360k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$360k

Owner & transaction history

since 2025
Last sale
$350,000
3 recorded transactions
2025
$350,000
2013
Price N/A
2001
$1.3M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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