Property profile

2006 Willow St 44 Lansing, MI 48917

OFF-MARKET
Warehouses
Property ID
US43-1180425
960 SF 1.29 ac lot Built 1953
Entity Owned Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

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

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1953
Total area 960 SF
Lot 1.29 ac (56,192 SF)
Zoning code H LT IN
APN 33-01-01-08-102-204
UPID US43-1180425

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant

Location

2006 Willow St, Unit 44 Lansing, MI 48917-1814
Lansing metro Census 6800 LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$315k

Owner & transaction history

since 2025
2 recorded transactions
2025
Price N/A
2004
$212,000

Zoning & alternative use

H LT IN · Lansing, MI

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2006 Willow St, Unit 44?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message