5400 S Pennsylvania Ave Lansing, MI 48911
Fully occupied retail strip with long-term tenants in Lansing.
Type:Office, Retail
Property size:
8,450 SFLot size:
1.06 Acres- Added:
- Sep 14, 2024
- Days on Market:
- 582
- Last Refresh:
- Mar 17 at 1:26 pm
Property Features for 5400 S Pennsylvania Ave
General Information
- Standard status
- Active
- Size
- 8,450 SF
- Lot size
- 1.06 Acres
- Property subtype
- Office, Retail
Building Details
- Year Built
- 1985
Listing agent Jordan Woodcock License #MI 6501373633
Listing office Colliers - Royal Oak/Detroit, Michigan
Listing date Sep 14, 2024
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Royal Oak/Detroit, Michigan
Overview
Two-Tenant Retail Strip Investment
This investment opportunity features a two-tenant retail strip located on South Pennsylvania Avenue in Lansing, Michigan. The property includes 8,450 square feet of rentable space situated on a 1.06-acre lot. The building is fully occupied by NovaCare Rehabilitation and PKSA Karate. Recent renovations have been completed to accommodate NovaCare's business and update the exterior. In 2021, PKSA expanded their space by almost 1,000 square feet, with 3% rent increases scheduled every 5 years. The location benefits from a built-in employee base, dense population, and high traffic counts, with nearly 14,000 vehicles passing by daily. Both tenants are well-established in the Michigan market, with NovaCare having 8 locations in the Lansing area and PKSA operating 21 locations throughout the state. NovaCare has been a long-term tenant since 1985, continually extending their lease. PKSA expanded after being open for just over a year.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
NovaCare Rehabilitation - Penn ...
Medical Clinic
PKSA Karate Lansing
Training Center
Siiri Kochanski, OT
Physician
Leslee Cothran
Physician
Sheila Littleton
Physician
Location Insight
- Map
- Local Demand
- City
- Lansing
- County
- Eaton
- State
- Michigan
- Longitude
- -84.538753
- Latitude
- 42.679047
Nearby Similar for Sale
FAQs
What type of property is this?
Strip mall - Fully occupied retail strip with long-term tenants in Lansing.
Where is this strip mall located?
The property is located at 5400 S Pennsylvania Ave Lansing, MI.
What is the asking price?
The asking price for this property is $935,000.
What are key features of this property?
This property features: Long‑term tenants: NovaCare has occupied the property since 1985, demonstrating stability.; Fully occupied retail strip with two established tenants (NovaCare Rehabilitation and PKSA Karate).; PKSA recently expanded their space in 2021, showing commitment to the location.
