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    1808 Pennsylvania Ave Lansing, MI 48910

    Sponsored
    For Lease
    $11 SF/Yr ($10,417 /Mo)

    Prime Lansing location, 5 suites, 5,494 SF vacant.

    Lot size:
    11,364 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional two-story medical office building, situated at 1808 S Pennsylvania Ave in Lansing, Michigan, presents a compelling investment opportunity. The 11,364 square foot building sits on a 7.5-acre lot and boasts a desirable location within three miles of the new McLaren Hospital near Michigan State University. Currently, the building features a mix of tenancies, with five individual suites. A significant portion of the building is available, with 5,494 square feet of vacant space spread across three first-floor suites, ranging from 1,488 to 2,458 contiguous square feet. These spaces are ideally suited for medical practices seeking established space in a high-traffic area. The second floor is fully occupied by a dental tenant, providing a stable income stream. Built in 1984, the property offers a solid foundation for immediate occupancy and future growth. The Ingham County location (APN 33-01-01-22-353-342) provides easy access to major transportation routes and a thriving medical community. This is a rare opportunity to acquire a well-located medical office building with significant vacancy, allowing for immediate income generation and potential for long-term appreciation. The property's size and layout offer flexibility for a variety of medical uses.

    Property Features for 1808 Pennsylvania Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,364 SF
    Total Rate
    10417

    Building Details

    Year Built
    1984
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Available Space C
    Size
    1,768 SF
    Rate per SF
    $11
    Space
    Available Space B
    Size
    2,238 SF
    Rate per SF
    $11
    Space
    Available Space A
    Size
    1,488 SF
    Rate per SF
    $11

    HighLights

    • Exceptional two‑story medical office building totaling 11,364 square feet on a 7.5‑acre lot in Lansing, MI.
    • Desirable location within three miles of McLaren Hospital near Michigan State University.
    • Five individual suites, with 5,494 square feet of vacant space available across three first‑floor suites (1,488 - 2,458 sq ft each).
    • Second floor fully occupied by a dental tenant.
    • Built in 1984, offering immediate occupancy and growth potential in a thriving medical community.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dr. Charles Choueiry Dentist Mohammad Mohsin Mohammad Dentist Mason Haddow Dental Implants Periodontist Yash Tejas Kapadia Prosthodontist Stewart Reed M Social Worker

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.5385634
    Latitude
    42.7126631

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    FAQs

    What type of property is this?
    Medical office - Prime Lansing location, 5 suites, 5,494 SF vacant.
    Where is this medical office located?
    The property is located at 1808 Pennsylvania Ave Lansing, MI.
    What is the lease rate?
    The lease rate is $11 SF/Yr.
    What are key features of this property?
    This property features: Exceptional two-story medical office building totaling 11,364 square feet on a 7.5-acre lot in Lansing, MI.; Desirable location within three miles of McLaren Hospital near Michigan State University.; Five individual suites, with 5,494 square feet of vacant space available across three first-floor suites (1,488 - 2,458 sq ft each).
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1808 Pennsylvania Ave Lansing, MI 48910
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