Property summary
This exceptional opportunity presents a fully furnished, 6,950 square foot restaurant located at 2006 W. Willow St, Lansing, MI 48917. The property, formerly DeLuca's, boasts a rich history as a destination dining spot since 1960. The sale includes a Class C Liquor License, adding significant value to this turnkey operation. The building features multiple dining rooms, a bar area, and several walk-in coolers and freezers, all included in the asking price of $599,900 ($86.32/sq ft). A significant advantage is the inclusion of a 960 square foot storage warehouse situated on the same 1.295-acre lot, providing ample space for inventory and operations. Furthermore, an adjacent 0.17-acre parcel is also part of this sale, offering potential for expansion or additional development. The property offers abundant on-site parking, a key feature for a restaurant. The zoning designation is H LT IN, providing flexibility for various uses. This vacant property is ready for immediate occupancy and represents a rare chance to acquire a well-established restaurant with significant assets in a prime Lansing location. The property's size and features make it ideal for a variety of restaurant concepts or potential redevelopment.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
H LT IN · Lansing, MIZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for H LT IN in Lansing, MI.
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- Property Ownership
- Basic report summary
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning
- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning