Shopping Center Near Major
For Lease
$6.50 SF/Yr
5208 5224 S Martin Luther King JR Blvd, Lansing, MI 48911
Retail and entertainment space in an MX-C-zoned shopping center serving the Lansing area.
Space SizeContact for details
Property Size23,772 SF
Days on Market3692
Property Features for 5208 5224 S Martin Luther King JR Blvd
General Information
Standard status
Active
Size
23,772 SF
Total Parking Spaces
125
Property subtype
Retail
Zoning
MX-C
Additional Details
Highway Access
Yes
Building Details
Building Size
23,772 SF
Year Built
1964
Year Renovated
1990
Buildings
3
Stories
1
Listing Agency:
Vlahakis Companies, Inc.
Listed By:
Paul Vlahakis
(517) 202-4959
Source:
Cpix.resimplifi
Added: Jul 25, 2016
Changed: Aug 29
Last Checked: Aug 29 at 3:53PM
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 Vlahakis Companies, Inc.
Investment Insights
Based on property information with market context.
This shopping center provides 23,772 square feet of retail-oriented commercial space with a mix of retailers and entertainment offerings. Constructed in 1964, the property is positioned along S Martin Luther King Jr Blvd and carries MX-C zoning.
The center is near I-96, I-496, and US-127, providing access to the broader Lansing area. Its tenant mix and commercial setting support a retail-focused environment with entertainment uses represented on site.
The center is near I-96, I-496, and US-127, providing access to the broader Lansing area. Its tenant mix and commercial setting support a retail-focused environment with entertainment uses represented on site.
Key Highlights
- 23,772‑square‑foot shopping center
- MX‑C zoning
- Built in 1964
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
NNN (Triple Net)
Lease Type
$0.98 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
224
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48911, MI
40,566
Population
18,069
Households
2.2
Avg Household Size
36
Median Age
26%
College-Educated
90%
High-School Grad
17.3 sq mi
ZIP Area
2,345
Density / Sq Mi
$54,882
Median Household Income
$36,245
Median Earnings
$933
Median Rent
$136,900
Median Home Value
Market
Lease Benchmarks for Lansing, MI
$24.36 /SF/Yr
Avg Asking Price
$6.5–$96 /SF/Yr
Price Range
28,229 SF
Avg Space Size
This space is priced 73% below the average of $24.36 /SF/Yr.
Questions? Ask Rey
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Similar Off Market Nearby
- Metro Plaza — 5208 S Martin Luther King Jr Blvd, Lansing, MI 48911
Frequently Asked Questions
What type of property is this?
Shopping center - Retail and entertainment space in an MX-C-zoned shopping center serving the Lansing area.
Where is this shopping center located?
The property is located at 5208 5224 S Martin Luther King JR Blvd Lansing, MI.
What is the lease rate?
The lease rate is $6.50 SF/Yr.
What are key features of this property?
This property features: 23,772‑square‑foot shopping center; MX‑C zoning; Built in 1964
