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5321 S Pennsylvania Ave 4,471 SF 100% Leased Retail Building Lansing, MI 48911 $485,000 ($108.48/SF)
Investment Highlights
- Corner location with 0.75 acres.
Executive Summary
4,471 total building square feet, 3,300 square feet of open warehouse, 1,171 square feet of office space. Security system in place.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,471 SF
Building Class
C
Year Built
1958
Price
$485,000
Price Per SF
$108.48
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
0.75 AC
Zoning
F - Commercial
Parking
25 Spaces (5.59 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 01-05-03-128-021 | Improvements Assessment | $132,600 |
| Land Assessment | $57,300 | Total Assessment | $189,900 |
Property Taxes
Parcel Number
01-05-03-128-021
Land Assessment
$57,300
Improvements Assessment
$132,600
Total Assessment
$189,900
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5321 S Pennsylvania Ave
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