Freestanding Building on Corner
For Sale
Contact for pricing
4304 S Pennsylvania Ave, Lansing, MI 48910
1,836 SF building on 0.434 acres, versatile usage options.
Property Size1,836 SF
Lot Size0.43 Acres
Price / SF$269.61
Days on Market211
Property Features for 4304 S Pennsylvania Ave
General Information
Standard status
Active
Size
1,836 SF
Class
B
Lot size
0.43 Acres
Property subtype
Office, Retail
Zoning
E-1 APT
Building Details
Year Built
1996
Listing Agency:
NAI Mid-Michigan
Listed By:
Jerome Abood · License #MI 6506045494
(517) 281-5800
Source:
Crexi
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 6:30AM
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 NAI Mid-Michigan
Investment Insights
Based on property information with market context.
This 1,836 SF freestanding building, constructed in 1996, is situated on a 0.434-acre corner lot. Zoned MX-C, the property offers versatile usage options, including used auto sales. The building features a front office/showroom facing the intersection and an attached drive-thru service bay suitable for reconditioning or customer delivery. Multiple curb cuts facilitate vehicle circulation. The property provides space for an estimated 25-40 vehicles on display, depending on layout, striping, and setback requirements, offering corner wrap exposure. A dedicated area is available for customer parking, separate from inventory. The property also supports vehicle intake without disrupting sales flow, on-site light service/reconditioning, detail prep and inspection, and a streamlined customer delivery experience. The property benefits from excellent visibility from both directions, presenting an environment for commercial ventures seeking a strategic and high-traffic location.
Key Highlights
- Prime 0.434‑acre corner lot with MX‑C zoning allows versatile usage options.
- High‑traffic location with excellent visibility.
- Freestanding 1,836 SF building built in 1996.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,714
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$354,280
$354.3K
Cap Rate 7%
$253,057
$253.1K
Cap Rate 9%
$196,822
$196.8K
Market Conditions
NOI Build-Up for 1,836 SF
Gross rent
$29.5K $16.08/SF
− Vacancy
−$5.9K −$3.22/SF
EGI
$23.6K $12.86/SF
− OpEx
−$5.9K −$3.22/SF
NOI
$17.7K $9.65/SF
Area
Lansing, MI
Vacancy
20.00%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$354,280
Cap Rate 7%
$253,057
Cap Rate 9%
$196,822
Alternative Uses
Best Use
Office B
$253.1K
$221.4K – $295.2K
NOI $17,714 @ 7.0% cap · market cap 3.58%
Second Best
Retail
$237.4K
$207.7K – $277.0K
NOI $16,618 @ 7.0% cap · market cap 3.36%
Theoretical Best
Office A
$377.9K
$330.7K – $440.9K
NOI $26,455 @ 7.0% cap · market cap 5.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
700
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 48910, MI
33,702
Population
17,119
Households
2
Avg Household Size
35
Median Age
32%
College-Educated
91%
High-School Grad
14.2 sq mi
ZIP Area
2,373
Density / Sq Mi
$52,154
Median Household Income
$36,643
Median Earnings
$1,003
Median Rent
$117,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Automotive property - 1,836 SF building on 0.434 acres, versatile usage options.
Where is this automotive property located?
The property is located at 4304 S Pennsylvania Ave Lansing, MI.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Prime 0.434‑acre corner lot with MX‑C zoning allows versatile usage options.; High‑traffic location with excellent visibility.; Freestanding 1,836 SF building built in 1996.
