For Sale $1,600,000
Property Type Office - General Office
Property Size 49,700 SF
Lot Size 1.81 Acre
Building Class B
Year Built 1950
Date Updated Jan 23, 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

Christopher T. Miller Is this you?

Martin Commercial Properties

(517) 319-9244

Location

Getting Around

Walk Score ®
54/100 Somewhat Walkable
Transit Score ®
38/100 Some Transit
Bike Score ®
65/100 Bikeable

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

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
West Junior High School

1.25 miles
Lyons Elementary School

1.36 miles
Eastern High School

1.37 miles
Lansing Community College

1.39 miles

Michigan State University Child Development Laboratories

2.62 miles
Little Dreamers Daycare Center

3.90 miles
Eastminster Child Development Center

3.96 miles
Gilden Woods Okemos

5.97 miles
Gilden Woods

7.15 miles
Wilkshire Early Childhood Center

7.72 miles

Frequently Asked Questions

What is the lease rate for 1115 South Pennsylvania Avenue?

Rental asking rate at 1115 South Pennsylvania Avenue is $800,000.00/YR.

What is the total square footage of 1115 South Pennsylvania Avenue?

1115 South Pennsylvania Avenue totals 49,700 square feet.

When was this property built?

1115 South Pennsylvania Avenue was built in 1950.

Looking for more in-depth information on this property?

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