5326 S Pennsylvania Ave Lansing, MI 48911
Property profile & analytics
5326 S Pennsylvania Ave Lansing, MI 48911
- Retail space
- 8,067 SF
- 0.53 lot acres
Property ID
US43-1060154
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Retail space
Property Details for 5326 S 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.
Value Estimations
based on Realmo’s proprietary methodology
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Alternative Use
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Location Insight
- Map
- Local Demand
- 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
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$10,184
$46,300
$115,400
$161,700
-
$92,600
$230,800
$323,400
