Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    227 Washington Sq, Unit 8 Lansing, MI 48933-1832

    • Turn key restaurants
    • 4,158 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimation
    $470,000
    Last Sale
    Nov 30, 2022
    $460,000
    Location Intelligence
    Property ID
    US43-1339664
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Success Mortgage Partners / Mortgage Lender
    • Watson Group Financial / Mortgage Lender
    • Union National Mortgage / Mortgage Lender
    • Eric W. Stevenson / Mortgage Lender

    Property Details for 227 Washington Sq

    Year built
    1885
    Lot size
    0.06 lot acres
    Property size
    4,158 SF
    Zone code
    G-1 BUS
    Property type
    Turn key restaurants
    APN
    33-01-01-16-404-071
    APU
    33010116404071

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $490,000

    • CAP approach

      CAP return
      Estimation
      6%
      $485,000
      6.5%
      $440,000
      7%
      $470,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $440,000
      Geo Method
      $430,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $485,000
      Retail
      $425,000
      Mixed-Use
      $465,000
      Hospitality
      $435,000
      Educational
      $400,000
      Residential Income
      $395,000
      Energy
      $415,000
      Income-Based Land
      $415,000
      Food Service
      $450,000

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.5518
    Latitude
    42.7317
    CBSA code
    29620
    CBSA name
    LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $13,261
    $12,700
    $208,500
    $221,200
    -
    $25,400
    $417,000
    $442,400

    Comparable in this City

    • Value Estimation by Request
      1,638 SF

      120 Washington Sq Ste, Unit 1

      RESTAURANT • 1,638 SF
      120 Washington Sq Ste, Lansing, MI 48933-1653
      View Details
    • Value Estimation
      $260,000
      4,585 SF

      301 Washington Sq, Unit 12

      RESTAURANT • 4,585 SF
      301 Washington Sq, Lansing, MI 48933-2114
      View Details
    • Value Estimation
      $310,000
      2,662 SF

      115 Washington Sq, Unit 6

      RESTAURANT • 2,662 SF
      115 Washington Sq, Lansing, MI 48933-1703
      View Details
    • Value Estimation
      $370,000
      11,273 SF

      111 Michigan Ave

      RESTAURANT • 11,273 SF
      111 Michigan Ave, Lansing, MI 48933-1376
      View Details
    • Value Estimation
      $500,000
      4,158 SF

      229 Washington Sq

      RESTAURANT • 4,158 SF
      229 Washington Sq, Lansing, MI 48933-1807
      View Details
    • Value Estimation
      $290,000
      2,552 SF

      109 Allegan St

      RESTAURANT • 2,552 SF
      109 Allegan St, Lansing, MI 48933-1820
      View Details

    Similar Nearby for Sale

    • $105,900
      900 SF

      Kalamazoo Street Retail/Office Space

      900 SF space suitable for office, retail, or storage.
      109 W Kalamazoo St, Lansing, MI 48933
      View Details
    • $495,000

      Downtown Lansing Office Building For Sale

      Well-appointed, free-standing office building with private parking in downtown Lansing.
      518 N Seymour Ave, Lansing, MI 48933
      View Details
    • Contact for pricing
      158,083 SF

      Modern Building Near Michigan Capitol

      Modern building with loading dock and convenient location.
      610 W Ottawa St, Lansing, MI 48933
      View Details
    • $795,000
      9,681 SF

      Historic Lansing Church Conversion

      Unique creative space in downtown Lansing, blending history and modernity.
      221 West Saginaw St, Lansing, MI 48933
      View Details
    • $975,000
      11,098 SF

      Historic Lansing Office Building

      Prime Capitol Ave location, 11,098 sq ft
      615 Capitol Ave, Lansing, MI 48933
      View Details
    • $3,650,000
      74,660 SF

      Downtown Lansing Revitalization Opportunity

      Prime location near Michigan State Capitol, ideal for business uses.
      330 S Washington Sq, Lansing, MI 48933
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      3,206 SF

      Lansing Retail Space: Prime Location

      Downtown Lansing retail, two suites available.
      109 Washington Sq, Lansing, MI 48933
      View Details
    • $20 SF/Yr
      1,740 SF

      Lansing Restaurant Space For Sale

      Prime Downtown Lansing Restaurant, 1740 sq ft
      107 Washington Sq, Lansing, MI 48933
      View Details
    • $20 SF/Yr
      93,000 SF

      Hollister Building Retail Space

      Downtown Retail, High Traffic Area
      106 Allegan St, Lansing, MI 48933
      View Details
    • $3,951 /Mo
      3,387 SF

      Retail Space in Lansing

      Retail property available for lease in Lansing, Michigan.
      115 S Washington Sq, Lansing, MI 48933
      View Details
    • $20 SF/Yr
      9,677 SF

      Downtown Lansing Retail Space

      Prime Lansing location, 9,677 SF available
      228 Washington Sq, Lansing, MI 48933
      View Details
    • Contact for pricing
      3,083 SF

      Downtown Lansing Storefront

      Prime Retail Space, High Visibility
      228 Washington Sq, Lansing, MI 48933
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    227 Washington Sq, Unit 8
    Lansing, MI 48933-1832
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.