Medical-Ready Office with
For Lease
$9.75 SF/Yr
1115 S Pennsylvania Ave, Lansing, MI 48912
Two-story building offers up to 3,935 SF on the second floor with on-site parking and flexible rear space.
Space SizeContact for details
Property Size49,700 SF
Days on Market523
Property Features for 1115 S Pennsylvania Ave
General Information
Standard status
Active
Size
49,700 SF
Property subtype
Office
Zoning
IND-3
Building Details
Building Size
49,700 SF
Buildings
1
Stories
1
Listing Agency:
Martin Commercial Properties
Listed By:
Eric F. Rosekrans · License #6501153826
(517) 290-7606
Source:
Cpix.resimplifi
Added: Apr 1, 2025
Changed: Aug 8
Last Checked: Sep 4 at 2:16AM
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.
The Penn Building is a 49,000 SF, two-story property with flex space in the back. Up to 3,935 SF is available on the second floor, with building signage and prominent sign opportunities including a large pylon and signage along Pennsylvania Avenue. The property is described as medical space with numerous exam rooms, supporting a variety of healthcare office needs.
The building provides about 240 feet of frontage on Pennsylvania Avenue and sits on a lighted corner at Haco Drive and Walsh Street. This configuration offers access to supplemental parking to the north. The location is approximately two blocks south of I-496, and Pennsylvania Avenue is described as carrying nearly 15,000 vehicles per day. The property includes 70 parking spaces.
Access is noted from three streets, and the surrounding area includes walkable destinations such as the Lansing River Trail and Potter Park Zoo.
The building provides about 240 feet of frontage on Pennsylvania Avenue and sits on a lighted corner at Haco Drive and Walsh Street. This configuration offers access to supplemental parking to the north. The location is approximately two blocks south of I-496, and Pennsylvania Avenue is described as carrying nearly 15,000 vehicles per day. The property includes 70 parking spaces.
Access is noted from three streets, and the surrounding area includes walkable destinations such as the Lansing River Trail and Potter Park Zoo.
Key Highlights
- 49,000 SF two‑story building with up to 3,935 SF available on the second floor
- Approx. 240’ of frontage on Pennsylvania Avenue with pylon and building signage opportunities
- Lighted corner at Haco Drive and also Walsh Street for access to supplemental parking to the north
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.46 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
400
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
Lease Benchmarks for Lansing, MI
$15.68 /SF/Yr
Avg Asking Price
$8–$30 /SF/Yr
Price Range
59,108 SF
Avg Space Size
This space is priced 38% below the average of $15.68 /SF/Yr.
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Two-story building offers up to 3,935 SF on the second floor with on-site parking and flexible rear space.
Where is this office building located?
The property is located at 1115 S Pennsylvania Ave Lansing, MI.
What is the lease rate?
The lease rate is $9.75 SF/Yr.
What are key features of this property?
This property features: 49,000 SF two‑story building with up to 3,935 SF available on the second floor; Approx. 240’ of frontage on Pennsylvania Avenue with pylon and building signage opportunities; Lighted corner at Haco Drive and also Walsh Street for access to supplemental parking to the north
