5326 S Pennsylvania Ave, Lansing, MI 48911

8,067 SF 0.53 ac lot Built 1955

Entity Owned Absentee Owner ~ Est. High Equity

Property ID

US43-1060154

$1,150,000 8,067 SF

5326 S Pennsylvania Ave, Lansing, MI 48911
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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.