410 Clippert St Lansing, MI 48912
- Bars
- 11,976 SF
- 0.57 lot acres
Current Use by Public Records
- The Junction / Event Venue
- The Junction Entertainment / Entertainment Agency / Service Establishment
- Green Dot Stables / American Restaurant / Bar
Property Details for 410 Clippert St
- Year built
- 1980
- Lot size
- 0.57 lot acres
- Property size
- 11,976 SF
- Zone code
- F COMME
- Property type
- Bars
- APN
- 33-21-01-14-453-014
- APU
- 33210114453014
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $370,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $500,000
- 6.5%
- $455,000
- 7%
- $505,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $490,000
- Geo Method
- $500,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $450,000
- Retail
- $500,000
- Mixed-Use
- $505,000
- Hospitality
- $490,000
- Educational
- $470,000
- Residential Income
- $470,000
- Energy
- $445,000
- Income-Based Land
- $495,000
- Food Service
- $435,000
Location Insight
- Map
- Local Demand
- City
- Lansing
- County
- Ingham
- State
- Michigan
- Longitude
- -84.509
- Latitude
- 42.7295
- CBSA code
- 29620
- CBSA name
- LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
