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Property profile & analytics
OFF-MARKET Estimated value $660,000
Manufacturing properties

523 Shiawassee St Lansing, MI 48912-1213

6,380 SF 0.3 ac lot Built 1966
Entity Owned 10-yr Hold ~ Est. High Equity
Property ID
US43-0887460
Property summary
AI-generated overview

This exceptional 6,380 square foot restaurant is ideally situated in Lansing's vibrant Stadium District, a dynamic area attracting 4.8 million visitors annually. The property boasts unparalleled visibility and prime signage opportunities, ensuring maximum exposure for your business. Its single-tenant occupancy offers a streamlined operational structure. The building's location within the Stadium District provides significant foot traffic, benefiting from the proximity to several substantial residential developments. These include the Outfield Lofts (83 units), Marketplace Apartments (159 units), Stadium District Apartments (40 units), and BLOCK600 Lofts (40 units), guaranteeing a consistent flow of potential customers. The property is located at 523 E Shiawassee St, Lansing, MI 48912, within Ingham County. This turnkey restaurant space presents a unique opportunity for established businesses or entrepreneurs seeking a high-traffic location in a thriving urban environment. The property type is classified as a restaurant with a single tenant occupancy. The substantial square footage provides ample space for a variety of culinary concepts and operational needs. This prime location offers an unparalleled chance to establish or expand a successful restaurant venture in a dynamic and rapidly growing area of Lansing. The high volume of foot traffic and visibility make this a truly exceptional opportunity.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1966
Total area 6,380 SF
Lot 0.3 ac (13,068 SF)
Zoning code H LT IN
APN 33-01-01-16-228-171
UPID US43-0887460
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
  • Michigrain Distillery Brewery & Distillery Bar & Pub
  • Michigrain Cannabis Chemical Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$640k
Comparable Approach Comparable
$668k
Blend (final) Blend
$660k
Owner & transaction history
523 E Shiawassee LLC · 10 yrs held
523 E Shiawassee LLC
since 2016
1 recorded transaction
2016
$375,000
Zoning & alternative use
H LT IN · Lansing, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $555,000 +39.1%
Auto repair, garage $545,000 +36.0%
Medical building $540,000 +35.6%
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