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    Lansing, MI Restaurants for Sale

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    Old Town Diner with Garage
    Updated: Aug 12, 2020
    Old Town Diner with Garage

    516 E Grand River Avenue, Lansing, MI 48906

    $399,000
    1,587 sqft 0.20 AC lot
    1,587‑square‑foot restaurant on a 0.2‑acre parcel
    Remodeled in 2007; originally constructed in 1928
    Commercial kitchen with cooktop, range hood, dishwasher, refrigeration, and freezer equipment
    Front and rear parking areas
    3‑car garage at the rear of the property
    View details
    Ground-Leased Retail/Restaurant Building
    Updated: Jun 16
    Ground-Leased Retail/Restaurant Building

    6524 E Saginaw Hwy, Lansing, MI 48917

    $2,562,183
    6,893 sqft
    Well‑maintained 6,893 SF building constructed in 2003 on a low rent ground lease
    15‑year lease extension just received
    Zoned C
    Ground‑leased commercial building in Lansing, MI
    View details
    Drive-Through Restaurant Sale-Leaseback
    Drive-Through Restaurant Sale-Leaseback

    6525 S Pennsylvania Ave, Lansing, MI 48911

    $1,600,000
    3,016 sqft

    An operating restaurant property with drive-thru functionality and an in-place modified gross lease.

    View details
    See hot listings in Lansing

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

    Cap Rate available after sign in
    Est. NOI available after sign in
    Local Demand available after sign in
    Full-Service Restaurant with Patio
    Full-Service Restaurant with Patio

    172 E Edgewood Blvd, Lansing, MI 48911

    $525,000
    4,285 sqft 1.17 AC lot

    Restaurant property includes an operational kitchen, covered outdoor seating, and dedicated parking.

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    Updated Restaurant Building
    Updated Restaurant Building

    3135 S Pennsylvania Avenue, Lansing, MI 48910

    $299,900
    3,004 sqft

    Operating restaurant property with commercial kitchen infrastructure, cooling capacity, and adaptable interior space.

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    Freestanding Storefront with Parking
    Freestanding Storefront with Parking

    401 E Mount Hope Avenue, Lansing, MI 48910

    $298,000
    2,220 sqft

    Freestanding commercial space with private parking, existing bathrooms, and flexibility for a new retail or service concept.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Freestanding Former Wendy’s Restaurant
    Freestanding Former Wendy’s Restaurant

    2727 Eaton Rapids Rd, Lansing, MI 48911

    Contact for pricing
    3,550 sqft

    Former Wendy’s property with C-3 zoning near an I-96 off-ramp.

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    Downtown Mixed-Use Building
    Downtown Mixed-Use Building

    329-337 S Washington Square, Lansing, MI 48933

    $1,891,900

    Mixed-use property with nine loft-style apartments and ground-floor retail, plus 11 on-site parking spaces.

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    Applebee's NNN Restaurant
    Applebee's NNN Restaurant

    6270 S. Cedar Street, Lansing, MI 48911

    Contact for pricing

    The restaurant is positioned along S Cedar Street near I-96 and surrounding retail destinations.

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    Restaurant with Drive-Thru For Sale
    Restaurant with Drive-Thru For Sale

    4021 W Saginaw Hwy, Lansing, MI 48917

    Contact for pricing
    2,856 sqft 1.32 AC lot

    Free-standing restaurant with drive-thru on 1.32 acres.

    View details
    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 10 Active listings in Lansing, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 62 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Freestanding Restaurant Building
    Freestanding Restaurant Building

    3464 Okemos Rd, Okemos, MI 48864

    $449,900
    3,564 sqft

    Freestanding 2,100 SF restaurant building offers ample on-site parking and strong street presence on a high-traffic corridor.

    View details
    Absolute NNN Restaurant Property
    Absolute NNN Restaurant Property

    222 Lansing Road, Charlotte, MI 48813

    $1,585,391

    An absolute NNN lease places responsibility for property expenses with the tenant.

    View details
    Three-Story Restaurant Building
    Three-Story Restaurant Building

    111 W Grand River Ave, Okemos, MI 48864

    $850,000
    5,744 sqft

    Includes a basement, liquor license, and flexible sale or lease considerations.

    View details
    Drive-Through Restaurant Property
    Drive-Through Restaurant Property

    640 Lansing St, Charlotte, MI 48813

    Contact for pricing

    Former Rally's site with established drive-through functionality and pylon and building signage.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Development Site in Lansing
    Prime Development Site in Lansing

    728 N Cedar St, Lansing, MI 48906

    $175,000
    0.63 AC lot

    0.625-acre development site with high traffic and excellent visibility.

    View details
    Commercial Land Near Interchange
    Commercial Land Near Interchange

    DUNCKEL Road, Lansing, MI 48910

    $499,900
    3.43 AC lot

    Vacant commercial parcel near the 496-127 interchange in Lansing, suited to retail, restaurant, or office development.

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    Corner Commercial Land
    Corner Commercial Land

    1531 Kyle Street, Eaton Rapids, MI 48827

    $84,900
    1.57 AC lot

    Corner parcel with paved frontage on two roads and visibility from Main St.

    View details
    Commercial Land Near I-96
    Commercial Land Near I-96

    963 S Grand Avenue, Fowlerville, MI 48836

    $1,350,000
    1.78 AC lot

    Commercially zoned development parcel with public water and an existing restaurant building near established retail businesses.

    View details

    Off-Market Properties in Lansing, MI

    Consider similar Off-Market properties in Lansing, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    4347 Saginaw Hwy
    DRIVE-THRU RESTAURANT, FAST FOOD

    4347 Saginaw Hwy, Lansing, MI 48917-2113

    Estimated value:
    $460,000
    2,938 sqft 1.21 AC lot
    View details
    5000 Grand Riv Ave
    RESTAURANT

    5000 Grand Riv Ave, Lansing, MI 48906-2436

    Estimated value:
    $260,000
    3,705 sqft 0.63 AC lot
    View details
    3920 Saginaw Hwy
    DRIVE-THRU RESTAURANT, FAST FOOD

    3920 Saginaw Hwy, Lansing, MI 48917-2104

    Estimated value:
    $370,000
    4,278 sqft 1.33 AC lot
    View details
    2211 Cedar St
    RESTAURANT

    2211 Cedar St, Lansing, MI 48910-3131

    Estimated value:
    $300,000
    2,300 sqft 0.57 AC lot
    View details
    2328 Showtime Dr
    RESTAURANT

    2328 Showtime Dr, Lansing, MI 48912-5633

    Estimated value:
    $1,240,000
    14,281 sqft 2.04 AC lot
    View details
    707 Cesar E Chavez Ave
    RESTAURANT

    707 Cesar E Chavez Ave, Lansing, MI 48906-5341

    Estimated value:
    $110,000
    2,382 sqft 0.13 AC lot
    View details
    6524 Saginaw Hwy
    RESTAURANT

    6524 Saginaw Hwy, Lansing, MI 48917-1108

    Estimated value:
    $645,000
    7,102 sqft 2.56 AC lot
    View details
    214 Washington Sq, Unit 5
    RESTAURANT

    214 Washington Sq, Lansing, MI 48933-1817

    Unit 5
    Estimated value:
    $270,000
    2,197 sqft 0.08 AC lot
    View details
    172 Edgewood Blvd
    RESTAURANT

    172 Edgewood Blvd, Lansing, MI 48911-5801

    Estimated value:
    $360,000
    4,285 sqft 1.17 AC lot
    View details
    6540 Saginaw Hwy
    RESTAURANT

    6540 Saginaw Hwy, Lansing, MI 48917-1108

    Estimated value:
    $615,000
    6,783 sqft 2.41 AC lot
    View details
    1825 Grand Riv Ave, Unit 9
    BAR, TAVERN

    1825 Grand Riv Ave, Lansing, MI 48906-3906

    Unit 9
    Estimated value:
    $290,000
    3,864 sqft 1.19 AC lot
    View details
    7300 Grand Riv Ave
    RESTAURANT

    7300 Grand Riv Ave, Lansing, MI 48906-9164

    Estimated value:
    $1,880,000
    13,593 sqft 20.95 AC lot
    View details
    2323 Michigan Ave
    DRIVE-THRU RESTAURANT, FAST FOOD

    2323 Michigan Ave, Lansing, MI 48912-4017

    Estimated value:
    $265,000
    1,594 sqft 0.20 AC lot
    View details
    3122 Martin Luther King Jr Blvd, Unit 1
    DRIVE-THRU RESTAURANT, FAST FOOD

    3122 Martin Luther King Jr Blvd, Lansing, MI 48910-2940

    Unit 1
    Estimated value:
    $295,000
    2,444 sqft 0.84 AC lot
    View details

    Lansing, MI Restaurants Market Trends and Statistics

    Explore 72 restaurants for sale in Lansing, MI, showcased through 10 active listings on our real estate platform. These investment opportunities span a total of 27,411 square feet of properties for sale, with an estimated market value of $7,575,983.

    Sale prices for restaurant properties in Lansing, MI start at $298,000, averaging $1,082,283, and reaching up to $2,562,183 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Conventional restaurants 18
    Drive through restaurants 5
    Commercial kitchens 4
    Bars & Pubs 3
    Pubs 2

    Demographics Overview

    Population 161K
    Population Growth (5Y) +3.3%
    Median Household Income $58,292
    College Educated 13.8%

    High-Yield Neighborhoods for Investment

    Identify Lansing submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    48910 $299K
    48906 $399K
    48911 $1.1M
    48933 $1.9M
    48917 $2.6M

    Taxes & Financing

    Tax Rate (average for all types) 5.48%
    Property Tax per SF $86.80 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Ingham County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Lansing fall within the 10,000 to 25,000 square foot range.

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