Lansing, Michigan, is an attractive destination for investors seeking to own a restaurant, with 4 listings available for sale. Restaurants in Lansing offer a unique opportunity to tap into the city's diverse economy, which is driven by government, education, insurance, healthcare, and automobile manufacturing. As a hub for Mid-Michigan, Lansing attracts visitors and locals alike, providing a steady stream of potential customers for restaurant owners. The city's amenities, infrastructure, location, education, and geography make it an ideal place to invest in a restaurant. For instance, the presence of Michigan State University, Thomas M. Cooley Law School, and Lansing Community College ensures a steady flow of students and professionals looking for dining options. Additionally, the city's proximity to major highways, such as I-69, I-96, and I-496, makes it easily accessible to visitors from surrounding areas. Lansing's attractions, including the Impression 5 Science Center, Michigan Library and Historical Center, and the R. E. Olds Transportation Museum, also contribute to its appeal as a dining destination.
Restaurants in Lansing are part of a diverse commercial landscape, which includes 4 listings available for sale. The city's economy is also supported by Apartment Buildings, Shopping Centers, Specialty Properties, and Hotels, offering a range of investment opportunities. For example, Apartment Buildings in Lansing provide a steady stream of rental income, while Shopping Centers offer a mix of retail and dining options. Specialty Properties, such as office buildings and warehouses, cater to the city's diverse industries, and Hotels provide accommodations for visitors and business travelers. With its unique blend of education, government, and industry, Lansing offers a compelling case for investing in a restaurant or other commercial properties.
What is the average cost per square foot for a restaurant in Lansing?
The average cost per square foot for a restaurant in Lansing is $154 USD per square feet, with an average size of 8,680 square feet and a largest size of 11,976 square feet, among the 4 available listings of restaurants for sale in the area.
What factors determine the value of a restaurant for sale in Lansing?
When evaluating the value of a restaurant for sale in Lansing, several key factors come into play, including:
- Location, with proximity to major transportation hubs like Capital Region International Airport and the Capital Area Transportation Authority (CATA) Transportation Center, as well as accessibility to Michigan State University and downtown Lansing, being highly desirable;
- The restaurant's size, with an average size of 8,680 square feet, and a maximum size of 11,976 square feet, impacting its capacity and potential revenue;
- The restaurant's financial performance, including its average price per square foot of $154 USD and average cap rate of 7.5%, which can indicate its profitability and return on investment.
