2006 Willow StLansing, MI 48917

For Sale
$599,900 View listing
  • Warehouses
  • 960 SF

Property Details for 2006 Willow St

Year built
1953
Lot size
1.29 AC
Property size (Sq ft)
960 SF
Zone code
H LT IN
Property type
Warehouses
APN
33-01-01-08-102-204
APU
33010108102204

Description

This exceptional opportunity presents a fully furnished, 6,950 square foot restaurant located at 2006 W. Willow St, Lansing, MI 48917. The property, formerly DeLuca's, boasts a rich history as a destination dining spot since 1960. The sale includes a Class C Liquor License, adding significant value to this turnkey operation. The building features multiple dining rooms, a bar area, and several walk-in coolers and freezers, all included in the asking price of $599,900 ($86.32/sq ft). A significant advantage is the inclusion of a 960 square foot storage warehouse situated on the same 1.295-acre lot, providing ample space for inventory and operations. Furthermore, an adjacent 0.17-acre parcel is also part of this sale, offering potential for expansion or additional development. The property offers abundant on-site parking, a key feature for a restaurant. The zoning designation is H LT IN, providing flexibility for various uses. This vacant property is ready for immediate occupancy and represents a rare chance to acquire a well-established restaurant with significant assets in a prime Lansing location. The property's size and features make it ideal for a variety of restaurant concepts or potential redevelopment.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $68,741
    Hospitality
    $62,966
    Educational
    $52,387
    Medical
    $54,189
    Retail
    $81,491
2006 Willow St, Lansing, Michigan

Location Insight

City
Lansing
County
Ingham
State
Michigan
Latitude
42.7489
Longitude
-84.5786
CBSA code
29620
CBSA name
LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$19,624
$111,600
$283,400
$395,000
-
$223,200
$566,800
$790,000

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