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    2727 Pennsylvania Ave Lansing, MI 48910

    For Sale
    $2,500,000

    13.76 Acres, 240K SF, Vacant

    Property size:
    242,362 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 13.76-acre redevelopment opportunity in Lansing, Michigan, presents a unique chance to transform a former medical office campus. The property, located at 2727 S Pennsylvania Ave, features a vacant 242,362 square foot building constructed in 1977, offering significant potential for various uses. Currently zoned G-2 (Wholesale) and DM-4 (Residential), the site is ideally suited for industrial development, multi-family housing, or a mixed-use project. Its prime location boasts 778 feet of frontage on Health Care Court and 600 feet on Alpha Street, offering excellent visibility and accessibility. The property's proximity to a large park and Sycamore Creek enhances its appeal. Two easements exist—a reciprocal parking easement and a utility easement—details of which are available upon request. The adjacent office building at 2815 S. Pennsylvania Avenue has expressed interest in collaborating on any redevelopment plans. This substantial property, priced at $2,500,000 ($10.32/sq ft), represents a compelling investment opportunity in a rapidly growing area. The irregular shape of the lot adds to its unique development potential.

    Property Features for 2727 Pennsylvania Ave

    General Information

    Property type
    Medical offices
    Square Feet
    242,362 SF
    Lot Size
    599,386 SF

    Building Details

    Year Built
    1977

    HighLights

    • 13.76‑acre redevelopment opportunity in Lansing, MI.
    • 242,362 SF vacant building (1977 construction) on 2727 S Pennsylvania Ave.
    • G‑2 (Wholesale) & DM‑4 (Residential) zoning allows industrial, multi‑family, or mixed‑use development.
    • Excellent visibility with 778 ft. of frontage on Health Care Court and 600 ft. on Alpha Street.
    • $2,500,000 asking price ($10.32/SF).
    • Two easements (details available upon request). Adjacent building open to collaboration.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    McLaren Greater Lansing ... Sleep Clinic Ingham Center-Wound Healing Medical Clinic Matthew K. Thomson, ... Podiatrist Narula Vikram MD Doctor Kenneth Gorney Doctor

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.5360815
    Latitude
    42.70451464

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    FAQs

    What type of property is this?
    Medical office - 13.76 Acres, 240K SF, Vacant
    Where is this medical office located?
    The property is located at 2727 Pennsylvania Ave Lansing, MI.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: 13.76-acre redevelopment opportunity in Lansing, MI.; 242,362 SF vacant building (1977 construction) on 2727 S Pennsylvania Ave.; G-2 (Wholesale) & DM-4 (Residential) zoning allows industrial, multi-family, or mixed-use development.
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    2727 Pennsylvania Ave Lansing, MI 48910
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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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    2727 Pennsylvania Ave Lansing, MI 48910
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