410 Clippert St, Lansing, MI 48912-4607
This exceptional 11,976-square-foot free-standing restaurant building, located at 410 S Clippert St in Lansing, Michigan (48912), presents a unique investment opportunity. Situated near Michigan State University's campus and conveniently accessible via US-127/I-496, this property boasts a prime location. Built in 1980 and extensively renovated in 2020, the single-story building sits on a 1.7-acre lot. The interior features a beautifully renovated space with a versatile layout including booths, tables, bar seating, and a lounge area. A sunken dance floor offers flexible use, potentially converting to additional seating. The property also includes a rear enclosed patio with an outdoor bar, perfect for expanding the seating capacity. The expansive kitchen is equipped with multiple prep areas, a large hood system, a dishwashing station, and a substantial walk-in cooler. The property's total capacity is 600, and all furniture, fixtures, and equipment (FF&E) are included in the sale. A liquor license is available for an additional $59,000. This NNN-leased, vacant property is priced at $1,095,000 ($91.43 per square foot) and represents a significant opportunity for a discerning investor. Its proximity to MSU and the new Red Cedar Development makes it an ideal location for a thriving business. The property offers ample seating, a private party area, and convenient highway access.
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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
F COMME · 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.