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    OFF-MARKET
    Medical Office Space

    5135 Pennsylvania Ave 65, Lansing, MI 48911-4002

    5,714 SF 0.39 ac lot Built 1979
    Entity Owned 19-yr Hold ~ Est. High Equity
    Property ID
    US43-4674861
    Property summary
    AI-generated overview

    This exceptional commercial property located at 5135 S Pennsylvania Avenue Unit 5135, Lansing, MI, presents a unique investment opportunity. Boasting a substantial 2,924 square feet of office space situated on a 0.39-acre lot, this building offers significant potential for multiple businesses. Previously utilized as a medical facility, the upper level has undergone a complete remodel and is move-in ready. The building features over 15 rooms, ideal for various office configurations. Ample parking is available for both staff and clients, ensuring convenient access. Significant improvements have been made to the property, including updated mechanical systems, a new roof, and a recently resurfaced parking lot. A generator is included, providing backup power in case of outages. While one furnace is currently operational, the building's overall condition and recent upgrades make it an attractive proposition. The asking price for this versatile commercial space is $220,000. This property is ready for immediate occupancy and presents a strong opportunity for growth in the thriving Lansing market. Schedule a viewing to explore the possibilities.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 1979
    Total area 5,714 SF
    Lot 0.39 ac (16,858 SF)
    Zoning code F COMM
    APN 33-01-05-03-126-021
    UPID US43-4674861
    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
    • Safe Dermatology and Med Spa Physician Medical Clinic
    • SAIF M FATTEH Pediatrician Medical Clinic
    • Vaishnavi Sekar Bawa Physician
    • Jeffrey Koets Physician
    • Dr. Farhan Bhatti Pediatrician Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Care Free Medical INC · 19 yrs held
    Care Free Medical INC
    since 2007
    Last sale
    $126,385
    1 recorded transaction
    2007
    $250,000
    Zoning & alternative use
    F COMM · Lansing, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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