5315 Pennsylvania Ave Lansing, MI 48911
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.