Property profile

6030 Pennsylvania Ave Lansing, MI 48911

OFF-MARKET
Community centers
Property ID
US43-1194217
32,011 SF 2.28 ac lot Built 1989
Entity Owned 9-yr Hold Free & Clear
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Property summary

AI-generated overview

Penn-Miller Plaza, located at 6030 S Pennsylvania Ave in Lansing, Michigan (zip code 48911), offers exceptional retail and restaurant opportunities. This commercial property boasts a total of 27,000 square feet, currently featuring one building with multiple suites. There are 5,900 square feet of vacant space available, divisible into units ranging from a minimum of 1,400 square feet to a maximum contiguous space of 2,800 square feet. The property is zoned for commercial use and is situated in Ingham County. Its prime location at a high-traffic intersection just north of I-96 provides excellent visibility and accessibility. The area is densely populated with numerous established businesses, including major retailers such as Meijer and Target, along with popular restaurants like Biggby, Culver's, and Panera Bread, ensuring high foot traffic and a strong customer base. This presents a unique chance for businesses seeking a vibrant and convenient location in a thriving Lansing commercial district. The property is ideal for a variety of retail or restaurant concepts seeking spaces ranging from 1,400 to 2,800 square feet. Inquire today to learn more about this exciting opportunity.

Property profile

Verified
Property type Community centers
Use group MINI-MALL
Year built 1989
Total area 32,011 SF
Lot 2.28 ac (99,447 SF)
Zoning code F COMM
APN 33-01-05-03-352-463
UPID US43-1194217

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Wine and Liquor Store
  • Accounting Firm Tax Preparation
  • Loan Service
  • Bank Credit Union
  • Restaurant

Location

6030 Pennsylvania Ave Lansing, MI 48911-5283
Lansing metro Census 5304 LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.33M
Blend (final) Blend
$620k

Owner & transaction history

since 2016
3 recorded transactions
2016
$2.2M
2006
Price N/A
1969
Price N/A

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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