Automotive Dealership with Garage
5351 S Pennsylvania Avenue Lansing, MI 48911
New
For Sale
$350,000
COMMERCIAL - Lansing, MI
Property Size1,281 SF
Lot Size0.41 Acres
Price / SF$273.22
Days on Market4
Property Features for 5351 S Pennsylvania Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Parking Lot
- Standard status
- Active
- APN
- 33-01-05-03-176-011
- Size
- 1,281 SF
- Lot size
- 0.41 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOTS 51 & 52 BATTENFIELD SUB NO 2
- Tax Annual Amount
- 5204
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1956
- Floors in Building
- 1
- Building materials
- Vinyl Siding
- Roof type
- Shingle
Listing Agency:
Home Towne Real Estate
(517) 372-2273
Listed By:
Rose Gedeon · License #6501401379
(517) 803-7573
Added: Jul 23
Last Checked: Jul 26 at 10:06AM
MLS# 297816
Copyright © 2026 Greater Lansing Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale automotive dealership property includes office space and two garage spaces, with one lift for vehicle service. The building sits on a 0.41-acre lot and features a very large lot behind the building that can provide additional area for operations or storage.
The property is located at 5351 S Pennsylvania Avenue in Lansing, Michigan (48911). It is described as a high-traffic dealership site and has been operating successfully for many years.
The property is located at 5351 S Pennsylvania Avenue in Lansing, Michigan (48911). It is described as a high-traffic dealership site and has been operating successfully for many years.
Key Highlights
- High‑traffic dealership currently operating successfully for many years
- Office space plus 2 garage spaces, including 1 garage lift
- Very large lot behind the building for additional space
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.6k | $16.08 |
| − Vacancy | −$4.1k | −$3.22 |
| EGI | $16.5k | $12.86 |
| − OpEx | −$4.1k | −$3.22 |
| NOI | $12.4k | $9.65 |
1,281 SF · lease $16.08/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$176.6K
$154.5K – $206.0K
NOI $12,359 @ 7.0% cap · market cap 3.53%
Second Best
Retail
$165.6K
$144.9K – $193.2K
NOI $11,594 @ 7.0% cap · market cap 3.31%
Theoretical Best
Office A
$263.7K
$230.7K – $307.6K
NOI $18,458 @ 7.0% cap · market cap 5.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Cedar Auto Sales
Car Dealership
Mustafa assi
Car Dealership
Prime Motors
Car Dealership
Similar Off Market Nearby
- LaFontaine Chrysler Dodge Jeep Ram FIAT Lansing — 6131 S Pennsylvania Ave, Lansing, MI 48911
- Discount Mufflers & Brakes — 6026 S Cedar St, Lansing, MI 48911
- South Cedar Distributors — 124 E Miller Rd, Lansing, MI 48911
- Performance Used Tires — 6036 S Cedar St, Lansing, MI 48911
- Safeway Auto Service — 715 E Miller Rd, Lansing, MI 48911
FAQs
What type of property is this?
Auto shop - Includes office space and two garage bays, with one lift, plus additional lot space behind the building.
Where is this auto shop located?
The property is located at 5351 S Pennsylvania Avenue Lansing, MI.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: High‑traffic dealership currently operating successfully for many years; Office space plus 2 garage spaces, including 1 garage lift; Very large lot behind the building for additional space
