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    Property profile & analytics

    5505 Pennsylvania Ave Lansing, MI 48911-4013

    • Distribution centers
    • 17,014 SF
    • 1.07 lot acres
    OFF-MARKET
    Value Estimation
    $1,015,000
    Last Sale
    Nov 05, 2021
    $1,000,000
    Location Intelligence
    Property ID
    US43-0696913
    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.

    Current Use by Public Records

    • United Wholesale Grocery Co / Wholesale Grocer

    Property Details for 5505 Pennsylvania Ave

    Year built
    1968
    Lot size
    1.07 lot acres
    Property size
    17,014 SF
    Zone code
    H LT IN
    Property type
    Distribution centers
    APN
    33-01-05-03-177-111
    APU
    33010503177111

    Description

    This 17,014-square-foot vacant warehouse in Lansing, Michigan, presents a compelling investment or owner-user opportunity. Located at 5505 S Pennsylvania Ave, this freestanding light industrial/retail building boasts excellent visibility and pylon signage potential. Built in 1968 on a 1.07-acre lot, the property features a 15-foot ceiling height, one 10-foot overhead garage door, and ample parking (27 paved spots). The building is equipped with 3-phase, 240-volt, 400-amp power, suspended air heaters, and fluorescent lighting. Currently zoned SC (Suburban Commercial), allowing for diverse uses including retail, industrial, and office. Its strategic location offers easy access to major freeways (I-96, I-496, and US 127), proximity to Midway Industrial Park, and strong brand synergy with neighboring national and local businesses. The property's existing structure provides a solid foundation for immediate occupancy or redevelopment, catering to a wide range of business needs. This is an exceptional opportunity to acquire a well-situated industrial property in a thriving Lansing market. The property is currently vacant.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $995,000

    • CAP approach

      CAP return
      Estimation
      6%
      $955,000
      6.5%
      $1,025,000
      7%
      $1,050,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $885,000
      Geo Method
      $840,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,000,000
      Retail
      $925,000
      Mixed-Use
      $1,135,000
      Hospitality
      $1,105,000
      Educational
      $1,050,000
      Residential Income
      $960,000
      Energy
      $1,165,000
      Income-Based Land
      $900,000
      Food Service
      $1,010,000

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.5374
    Latitude
    42.6776
    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
    $20,853
    $92,600
    $344,900
    $437,500
    -
    $185,200
    $689,800
    $875,000

    Comparable in this City

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      8,000 SF

      1130 Ramada Dr, Unit 3

      DISTRIBUTION WAREHOUSE • 8,000 SF
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      View Details
    • Value Estimation
      $700,000
      22,437 SF

      5617 Enterprise Dr, Unit 7

      DISTRIBUTION WAREHOUSE • 22,437 SF
      5617 Enterprise Dr, Lansing, MI 48911-4104
      View Details
    • Value Estimation
      $370,000
      9,600 SF

      1201 Keystone Ave, Unit 4

      DISTRIBUTION WAREHOUSE • 9,600 SF
      1201 Keystone Ave, Lansing, MI 48911-4041
      View Details
    • Value Estimation
      $350,000
      11,250 SF

      5700 Aurelius Rd

      DISTRIBUTION WAREHOUSE • 11,250 SF
      5700 Aurelius Rd, Lansing, MI 48911-4133
      View Details
    • Value Estimation by Request
      80,080 SF

      Lansing, MI 48911

      DISTRIBUTION WAREHOUSE • 80,080 SF
      Lansing, MI 48911
      View Details
    • Value Estimation
      $1,055,000
      30,313 SF

      5930 Enterprise Dr, Unit 18

      DISTRIBUTION WAREHOUSE • 30,313 SF
      5930 Enterprise Dr, Lansing, MI 48911-4109
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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    • Contact for pricing
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    Lansing, MI 48911-4013
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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