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    FOR LEASE
    Medical Office Space

    1808 S Pennsylvania Ave, Lansing, MI 48910

    11,364 SF 0.75 ac lot Built 1984
    Entity Owned 19-yr Hold ~ Est. High Equity
    Property ID
    US43-1129992
    Property summary
    AI-generated overview

    This exceptional two-story medical office building, situated at 1808 S Pennsylvania Ave in Lansing, Michigan, presents a compelling investment opportunity. The 11,364 square foot building sits on a 7.5-acre lot and boasts a desirable location within three miles of the new McLaren Hospital near Michigan State University. Currently, the building features a mix of tenancies, with five individual suites. A significant portion of the building is available, with 5,494 square feet of vacant space spread across three first-floor suites, ranging from 1,488 to 2,458 contiguous square feet. These spaces are ideally suited for medical practices seeking established space in a high-traffic area. The second floor is fully occupied by a dental tenant, providing a stable income stream. Built in 1984, the property offers a solid foundation for immediate occupancy and future growth. The Ingham County location (APN 33-01-01-22-353-342) provides easy access to major transportation routes and a thriving medical community. This is a rare opportunity to acquire a well-located medical office building with significant vacancy, allowing for immediate income generation and potential for long-term appreciation. The property's size and layout offer flexibility for a variety of medical uses.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 1984
    Total area 11,364 SF
    Lot 0.75 ac (32,670 SF)
    Zoning code D-1 PRO
    APN 33-01-01-22-353-342
    UPID US43-1129992
    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
    Current use
    Occupant on record · Public records
    • Dr. Charles Choueiry Dental Office
    • Mohammad Mohsin Mohammad Dental Office
    • Mason Haddow Dental Office
    • Yash Tejas Kapadia Dental Office Physician
    • Stewart Reed M Foster Care Service Social Service Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $405k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $772k
    Blend (final) Blend
    $570k
    Owner & transaction history
    Pennsylvania Ventures LLC · 19 yrs held
    Pennsylvania Ventures LLC
    since 2007
    2 recorded transactions
    2019
    2007
    $750,000
    Zoning & alternative use
    D-1 PRO · Lansing, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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