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5214 Pennsylvania Ave Lansing, MI 48911

OFF-MARKET Retail space Google Maps
1,456 SF 0.21 ac lot Built 1950
Entity Owned Free & Clear
Estimated value (blended)
$80k
Range $72k – $88k (±10%)
Property ID US43-1741430

Property summary

AI-generated overview

This exceptional industrial property, located at 5214 S Pennsylvania in Lansing, Michigan, presents a compelling investment opportunity. The building encompasses 1,456 square feet of functional space, ideal for a variety of industrial uses. Situated on a conveniently sized 0.21-acre lot, the property offers ample room for maneuvering and potential expansion. The asking price is $145,000, representing a strong value proposition in the current market. The property's address is easily accessible, providing excellent connectivity to major transportation routes, enhancing its logistical appeal for businesses requiring efficient distribution networks. This location within Lansing offers proximity to a skilled workforce and established infrastructure, further contributing to its overall attractiveness. The building's square footage provides a solid foundation for a range of industrial operations, from light manufacturing to warehousing or distribution. Serious inquiries are encouraged to explore the full potential of this well-positioned industrial property. Given the size and location, this property is well-suited for a variety of businesses seeking a cost-effective and strategically located industrial space in the Lansing area. The property is ready for immediate occupancy, allowing for a swift transition and commencement of operations. This presents a rare opportunity to acquire a well-priced industrial property in a desirable location.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1950
Total area 1,456 SF
Lot 0.21 ac (9,017 SF)
Zoning code F COMM
APN 33-01-05-03-102-121
UPID US43-1741430

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$75k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$80k

Owner & transaction history

since 2026
Last sale
$116,000
2 recorded transactions
2026
$116,000
2021
$80,000

Zoning & alternative use

F COMM · Lansing, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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