Contacts

Christopher T. Miller

Martin Commercial Properties

(517) 319-9244

Property Details

Property Type Office - General Office
Property Size 49,700 SF
Lot Size 1.81 Acre
Building Class B
Year Built 1950
Date Updated Apr 24, 2024

Martin Commercial Properties is pleased to present for sale this multi-tenant mixed-use investment opportunity.

The property is located on South Pennsylvania Avenue, a prominent north-south thoroughfare, only 2 blocks from I-496.

The 49,700-SF building consists of 56% office space and 44% warehouse/distribution/showroom space. It contains tenant-specific office build-out, 3 docks, 2 ramps, 1 overhead door and 12' ceilings.

The property is conveniently located 2 blocks south of I-496 and only 1.4 miles from GM's Grand River Assembly Plant.

The Penn Building has a history of strong occupancy.

Long-term tenants include Munch's Supply, occupying over 17,000 SF for 20 years; and Ingham County's Willow Community Health, occupying over 10,000 SF for 10 years.

The property is 87.4% leased, creating a significant value-add opportunity for an investor. Call for comprehensive offering memorandum.

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Reach out to the broker for more info on lease terms and amenities

Getting around

54/100
Walk Score ®
38/100
Transit Score ®
65/100
Bike Score ®

Powered by Walk Score ®

Location

City Lansing, MI
Zip Code 48912
Market Detroit

Points of Interest

East Lansing

2.08 miles

ChargePoint

0.13 miles
BP

0.22 miles
Admiral

0.46 miles
Marathon

0.55 miles
Mobil

0.55 miles
Marathon

0.70 miles
ChargePoint

0.79 miles
Greenlots

0.82 miles
Sunoco

0.91 miles
Clipper Creek

1.00 miles

Lot B

0.77 miles
Lot A

0.85 miles
South Grand Ramp

1.01 miles
320 South Capitol Ramp

1.08 miles
Lot 8

1.14 miles
Capitol Lot

1.28 miles
Employee Parking

1.30 miles
Roosevelt Parking Ramp

1.33 miles
Allegan Ramp

1.38 miles
Pine Lot

1.43 miles

Courtyard Lansing Downtown

0.86 miles
Radisson Hotel Lansing at the Capitol

1.12 miles
Cozy Koi Bed and Breakfast

1.65 miles
SpringHill Suites by Marriott East Lansing University Area

1.96 miles
Quality Inn University

2.07 miles
Candlewood Suites East Lansing, an IHG Hotel

2.17 miles
Kellogg Hotel and Conference Center

2.32 miles
Graduate East Lansing

2.81 miles
Red Roof Inn

2.90 miles
Marriott East Lansing at University Place

3.03 miles

REO Town Marketplace

0.77 miles
Capital City Market

0.88 miles
Don Pancho Market

1.03 miles
Lansing Market

1.69 miles
Better Health Store

1.74 miles
Westlund's Apple Market

1.79 miles
Old Town General Store

1.84 miles
Iwacu International Supermarket

1.88 miles
Kroger

1.89 miles
TJ Maxx

1.99 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.