2006 Willow St 44 Lansing, MI 48917-1814
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.
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Deluca's Restaurant Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
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
H LT IN · Lansing, MILansing. Always verify with local authorities before improvements.
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.