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410 S Clippert St

11,976 SF Retail Building Lansing, MI 48912 $989,000 ($83/SF)

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Investment Highlights

Close to MSU Campus
Large restaurant space/plenty of parking

Convenient to Highway
Large venue next to MSU with total capacity for 600

Executive Summary

Free-standing restaurant with beautifully renovated interior, large patio, bar, and game area located near MSU Campus, US-127/I-496 exit. Great mixture of seating, featuring booths, tables, bar seating, and lounge area. Sunken dance floor that can be converted to more seating if desired. Pool tables in back with standing bar space, etc. Rear patio with outdoor bar. Large kitchen with several prep spaces, large hood, dishwashing station, large walk-in cooler and so much more. Includes all FF&E. Large venue next to MSU with a total capacity for 600.
Liquor license available for additional $59,000.

Property Facts

Sale Type

Owner User

Property Type

Retail

Property Subtype

Restaurant

Building Size

11,976 SF

Building Class

Year Built

1980

Price

$989,000

Price Per SF

$83

Tenancy

Single

Building Height

1 Story

Building FAR

0.22

Lot Size

1.25 AC

Parking

119 Spaces (9.93 Spaces per 1,000 SF Leased)

Frontage

330 FT on Clippert

Amenities

Bus Line

Restaurant

Air Conditioning

PROPERTY TAXES

Parcel Numbers	Multiple 21-01-14-453-010 21-01-14-453-011 21-01-14-453-009 21-01-14-453-014	Improvements Assessment	$463,200
Land Assessment	$65,700	Total Assessment	$528,900