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    5135 Pennsylvania Ave Lansing, MI 48911

    For Sale
    $220,000

    Spacious office space, updated, ample parking.

    Property size:
    2,924 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional commercial property located at 5135 S Pennsylvania Avenue Unit 5135, Lansing, MI, presents a unique investment opportunity. Boasting a substantial 2,924 square feet of office space situated on a 0.39-acre lot, this building offers significant potential for multiple businesses. Previously utilized as a medical facility, the upper level has undergone a complete remodel and is move-in ready. The building features over 15 rooms, ideal for various office configurations. Ample parking is available for both staff and clients, ensuring convenient access. Significant improvements have been made to the property, including updated mechanical systems, a new roof, and a recently resurfaced parking lot. A generator is included, providing backup power in case of outages. While one furnace is currently operational, the building's overall condition and recent upgrades make it an attractive proposition. The asking price for this versatile commercial space is $220,000. This property is ready for immediate occupancy and presents a strong opportunity for growth in the thriving Lansing market. Schedule a viewing to explore the possibilities.

    Property Features for 5135 Pennsylvania Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,924 SF
    Lot Size
    16,988 SF

    Building Details

    Year Built
    1979
    Property Profile Location Intelligence

    Current Use by Public Records

    Safe Dermatology and Med ... Dermatologist SAIF M FATTEH Pediatrician Vaishnavi Sekar Bawa Podiatrist Jeffrey Koets Optometrist Dr. Farhan Bhatti Family Practice Physician

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.53764
    Latitude
    42.68204

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    FAQs

    What type of property is this?
    Commercial real estate - Spacious office space, updated, ample parking.
    Where is this commercial real estate located?
    The property is located at 5135 Pennsylvania Ave Lansing, MI.
    What is the asking price?
    The asking price for this property is $220,000.
    (517) 225-3815
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    5135 Pennsylvania Ave Lansing, MI 48911
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5135 Pennsylvania Ave Lansing, MI 48911
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