5326 Pennsylvania Ave Lansing, MI 48911

Property Details for 5326 Pennsylvania Ave

Year built

1955

Lot size

0.53 lot acres

Property size

8,067 SF

Zone code

F COMM

Property type

Retail space

APN

33-01-05-03-102-091

APU

33010503102091

Description

This exceptional investment opportunity presents a six-unit commercial strip mall ideally situated on South Pennsylvania Avenue in Lansing, Michigan (48911). The property boasts a prime location with high visibility and traffic volume. The complex includes a thriving Middle Eastern grocery store, complete with a fresh produce section, meat counter, dairy, frozen foods, and household items. The grocery store recently underwent upgrades, including new LED lighting in 2023. Additional tenants include a barber shop. A significant 3,000 square feet of storage space is currently vacant, presenting immediate rental income potential. Above the grocery store, a fully remodeled second-floor space (2022) offers two offices, a half-bath, and a large room, currently owner-occupied. This area features new drywall, flooring, ceiling, and fresh paint. Ample parking is available on all sides of the building. The property also benefits from a new roof (2016) and a new AC unit (2015). The asking price is $1,350,000. A land contract is available with negotiable terms. The seller will provide two weeks of training to the purchaser. There is also an option to purchase the business separately for $500,000, including inventory and equipment. All information is deemed reliable but not guaranteed. Financial details are available upon execution of a Confidentiality Agreement and Letter of Intent.

Location Insight

City

Lansing

County

Ingham

State

Michigan

Longitude

-84.5387

Latitude

42.6798

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments