Map of Property

The Penn Building

1115 South Pennsylvania Avenue, Lansing, MI 48912

  • For Sale $1,600,000
  • Property Type Office
  • Property Size 49,700 SF
  • Lot Size 1.81 Acre
  • Cap Rate % 8.86
  • Additional Rent Contact for pricing
  • Building Class B
  • Year Built 1950
  • Date Updated Nov 18, 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.

Want more info on this listing?

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

Contacts

broker
Christopher T. Miller Is this you?

Martin Commercial Properties

Location

Getting Around

  • Walk Score ®

    54/100 Somewhat Walkable

  • Transit Score ®

    38/100 Some Transit

  • Bike Score ®

    65/100 Bikeable
Powered by Walk Score ®
  • 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

  • JuiceBox

    0.79 miles

  • Greenlots

    0.82 miles

  • Sunoco

    0.91 miles

  • Clipper Creek

    1.00 miles

  • Speedway

    1.09 miles

  • Lot B

    0.77 miles

  • Lot A

    0.85 miles

  • South Grand Ramp

    1.01 miles

  • South Capitol Ramp

    1.08 miles

  • Lot 8

    1.14 miles

  • Townsend Ramp

    1.16 miles

  • North Grand Ramp

    1.18 miles

  • Elliott-Larsen Lot

    1.30 miles

  • Roosevelt Parking Ramp

    1.33 miles

  • North Capitol Ramp

    1.33 miles

  • Courtyard Lansing Downtown

    0.86 miles

  • DoubleTree

    1.12 miles

  • Cozy Koi Bed and Breakfast

    1.65 miles

  • AC Hotel Lansing University Area

    1.77 miles

  • SpringHill Suites East Lansing University Area

    1.96 miles

  • Quality Inn University

    2.07 miles

  • Candlewood Suites East Lansing

    2.17 miles

  • Kellogg Hotel and Conference Center

    2.32 miles

  • Graduate by Hilton East Lansing

    2.81 miles

  • Red Roof Inn

    2.90 miles

  • The Brunch House

    0.14 miles

  • Gumps BBQ

    0.51 miles

  • Corey's Food & Cocktails

    0.62 miles

  • Subway

    0.68 miles

  • Wendy's

    0.68 miles

  • Good Truckn' Diner

    0.78 miles

  • Saddleback BBQ

    0.78 miles

  • Court 1200

    0.79 miles

  • Rusty Mug Bar & Grill

    0.82 miles

  • Babe's Corner

    0.83 miles

  • Holmes Street School

    0.17 miles

  • Capitol Area Driving School

    0.43 miles

  • Mount Hope Elementary School

    0.65 miles

  • Resurrection School

    0.97 miles

  • Former French Junior High School

    0.97 miles

  • Lansing Catholic High School

    1.25 miles

  • Lyons Elementary School

    1.36 miles

  • Eastern High School

    1.37 miles

  • Lansing Community College

    1.39 miles

  • Saint Casimir School

    1.39 miles

  • Kid Time Child Development Center

    1.66 miles

  • Michigan State University Child Development Laboratories

    2.62 miles

  • Let's Play

    3.34 miles

  • Little Dreamers Daycare Center

    3.90 miles

  • Eastminster Child Development Center

    3.96 miles

  • TinkrLab

    4.53 miles

  • Gilden Woods Okemos

    5.97 miles

  • Haslett Child Development Center

    6.92 miles

  • Gilden Woods

    7.15 miles

  • Wilkshire Early Childhood Center

    7.72 miles

Frequently Asked Questions

How much does The Penn Building cost?

The space currently listed for sale at The Penn Building asks for $1,600,000.

What is the total square footage of The Penn Building?

The Penn Building totals 49,700 square feet.

When was this property built?

The Penn Building was built in 1950.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker
broker
Christopher T. Miller Is this you?

Martin Commercial Properties