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    OFF-MARKET
    Bars & Pubs

    410 Clippert St, Lansing, MI 48912-4607

    11,976 SF 0.57 ac lot Built 1980
    Entity Owned ~ Est. High Equity
    Property ID
    US43-1686759
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Bars & Pubs
    Use group NIGHTCLUB (COCKTAIL LOUNGE)
    Year built 1980
    Total area 11,976 SF
    Lot 0.57 ac (24,699 SF)
    Zoning code F COMME
    APN 33-21-01-14-453-014
    UPID US43-1686759
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • The Junction Hotel & Motel Resort
    • The Junction Entertainment Theater & Performing Art Venue Music Venue
    • Green Dot Stables Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Svc Enterrises II LLC
    Svc Enterrises II LLC
    since 2025
    7 recorded transactions
    2025
    2018
    2017
    2016
    1969
    1969
    1969
    Zoning & alternative use
    F COMME · Lansing, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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