Multi-Tenant Mixed-Use Investment
For Sale
Contact for pricing
1115 S Pennsylvania Ave, Lansing, MI 48912
49,700 SF mixed-use building near I-496 in Lansing, MI.
Property Size49,700 SF
Price / SF$32.19
Days on Market1207
Property Features for 1115 S Pennsylvania Ave
General Information
Standard status
Active
Size
49,700 SF
Class
B
Property subtype
Office, Industrial, Mixed Use
Zoning
H LT IN
Listing Agency:
Martin Commercial Properties
(517) 242-7561
Listed By:
Christopher Miller, SIOR · License #N/A
Source:
Crexi
Added: Apr 21, 2023
Changed: Aug 8
Last Checked: May 13 at 12:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Martin Commercial Properties
Investment Insights
Based on property information with market context.
This multi-tenant mixed-use property offers an investment opportunity. Located on South Pennsylvania Avenue, a prominent north-south thoroughfare, the building is situated just 2 blocks from I-496 and 1.4 miles from GM's Grand River Assembly Plant. The building has a total area of 49,700 square feet, with 56% dedicated to office space and 44% to warehouse, distribution, and showroom areas. The property features tenant-specific office build-outs, 3 docks, 2 ramps, 1 overhead door, and 12-foot ceilings. The property has a history of strong occupancy. Long-term tenants include Munch's Supply, occupying over 17,000 SF for 20 years, and Ingham County's Willow Community Health, occupying over 10,000 SF for 10 years. Currently, the property is 87.4% leased, presenting a value-add opportunity for investors.
Key Highlights
- 87.4% leased, offering a value‑add opportunity.
- Long‑term tenants include Munch's Supply and Ingham County's Willow Community Health.
- Located 2 blocks from I‑496 and 1.4 miles from GM's Grand River Assembly Plant.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
436
Businesses Nearby
Explore this area
Business Placement
Demographics for 48912, MI
17,155
Population
9,064
Households
1.9
Avg Household Size
34
Median Age
40%
College-Educated
91%
High-School Grad
5.2 sq mi
ZIP Area
3,299
Density / Sq Mi
$53,072
Median Household Income
$34,598
Median Earnings
$1,037
Median Rent
$139,900
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - 49,700 SF mixed-use building near I-496 in Lansing, MI.
Where is this mixed-use property located?
The property is located at 1115 S Pennsylvania Ave Lansing, MI.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 87.4% leased, offering a value‑add opportunity.; Long‑term tenants include Munch's Supply and Ingham County's Willow Community Health.; Located 2 blocks from I‑496 and 1.4 miles from GM's Grand River Assembly Plant.
