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    5321 Pennsylvania Ave Lansing, MI 48911

    For Sale
    $510,400

    Prime Lansing warehouse, ideal for commercial use.

    Property size:
    4,471 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional commercial property, located at 5321 S Pennsylvania Ave in Lansing, Michigan, presents a unique investment opportunity. The 4,471 square foot building, constructed in 1976 and renovated in 2005, sits on a 0.75-acre lot and offers a versatile layout. The property features 3,300 square feet of open warehouse space, perfect for storage or manufacturing, complemented by a 1,171 square foot office area. Two overhead doors provide convenient access for loading and unloading. The warehouse boasts a 12-foot ceiling height and is equipped with a security system and sprinklers. Ample parking is available with space for up to 25 vehicles. The property is zoned F Commercial, allowing for a variety of general commercial uses. Its convenient corner location offers excellent visibility and accessibility, with easy access to the I-96 interchange. The asking price is $510,400, translating to $114.16 per square foot. This is a single-story building.

    Property Features for 5321 Pennsylvania Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    4,471 SF
    Lot Size
    32,670 SF

    Building Details

    Year Built/Renovated
    1976/2005
    Buildings
    1
    Stories
    1

    HighLights

    • 4,471 SF total building area.
    • 3,300 SF open warehouse space.
    • 1,171 SF office space.
    • 0.75‑acre corner lot.
    • Two (3) overhead doors.
    • 12' ceiling height.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.5377168
    Latitude
    42.6801548

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    FAQs

    What type of property is this?
    Distribution property - Prime Lansing warehouse, ideal for commercial use.
    Where is this distribution property located?
    The property is located at 5321 Pennsylvania Ave Lansing, MI.
    What is the asking price?
    The asking price for this property is $510,400.
    What are key features of this property?
    This property features: 4,471 SF total building area.; 3,300 SF open warehouse space.; 1,171 SF office space.
    Request Owner's contact information
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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
    5321 Pennsylvania Ave Lansing, MI 48911
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