Property profile

6200 Pennsylvania Ave Lansing, MI 48911

OFF-MARKET
Outlet malls
Property ID
US43-2003510
191,177 SF Built 2013
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional retail space, located at 6200 S. Pennsylvania Avenue in Lansing, Michigan, offers a prime opportunity for businesses seeking a high-visibility location. The property is situated in Ingham County, within zip code 48911, and boasts a total building size of 5,179 square feet. Currently, a significant portion of the building, totaling 1,750 square feet, is available for lease. The property is classified as a commercial retail space with multiple tenancy potential, although currently only one suite is available. This presents a unique chance for a single tenant to occupy a substantial portion of the building or for a smaller business to find a well-situated space. The property's address is easily accessible and benefits from high traffic volume, making it ideal for businesses seeking maximum exposure. The building's overall size and the substantial vacant space offer significant potential for growth and expansion. Interested parties are encouraged to inquire further to explore the possibilities this property presents. The property is located at 42.6682453 latitude and -84.541358 longitude.

Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 2013
Total area 191,177 SF
APN 33-01-05-10-101-012
UPID US43-2003510

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
  • Bank Credit Union
  • Locksmith (Bike/Boat/Book/etc) Store
  • Ophthalmologist (Bike/Boat/Book/etc) Store
  • Take-out & Catering
  • Pharmacy

Location

6200 Pennsylvania Ave Lansing, MI 48911-5719
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
$6.92M
Blend (final) Blend
$5.52M

Owner & transaction history

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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