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Property profile & analytics
OFF-MARKET
Office Spaces

5315 Pennsylvania Ave Lansing, MI 48911

5,714 SF 0.39 ac lot Built 1979
Property ID
Property summary
AI-generated overview

This exceptional 5,714 square foot office building, located at 5315 S Pennsylvania Ave in Lansing, Michigan, presents a unique investment opportunity. The property, built in 1979 and classified as a Class B building, sits on a 0.387-acre lot and features two stories. Previously used as a medical facility with over 15 patient rooms, the upper level has been remodeled and is move-in ready. The versatile space is suitable for a variety of office uses, including creative, medical, or traditional office settings, allowing for multiple businesses to operate within the building. Ample parking is available for staff and clients. Significant recent improvements include updated mechanical systems, a new roof, and a resurfaced parking lot. A generator is also included in the sale, providing peace of mind during power outages. The property is zoned F Commercial and is currently vacant, offering immediate occupancy. This is an excellent opportunity to acquire a well-maintained, versatile office building in a desirable South Lansing location. Asking price is $275,000.

Property profile
Verified
Property type Office Spaces
Year built 1979
Total area 5,714 SF
Lot 0.39 ac (16,858 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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