5326 S PENNSYLVANIA Avenue $1,350,000

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    5326 S PENNSYLVANIA Avenue Lansing, MI 48911

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    $1,350,000

    Market Estimate
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    • 8,067 sq. ft.
    • 0.53 Acres
    • Commercial Lease
    • MLS# 60290796
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    Views: 30 Days On Site: 70

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    Property Details

    Location, Location, Location This beautiful commercial strip which has 6 units facing the main Pennsylvania Avenue Street. New roof in 2016, New AC unit 2015, the Strip has so much on it: 1. Middle Eastern Grocery Store with all new LED lights 2023, Bakery, Foot counter, The Grocery Store offers a wide range of products, including Fresh produce, Fresh Meat Dept. Dairy Products, Frozen Foods, Meat Counter, Cold Food, House hold items and much more, so don't miss the opportunity to own a business and seller will stay and train the purchaser for 2 weeks bearing that there is an opportunity to own the business by itself and pay $600,000 including inventory and equipment. 2. Barber store rented out 3. Behind the building is about 3000 square footage for storage currently vacant potential soon will be rented4. Above the Grocery Store second floor there is 2 office rooms, 1/2 bathroom and entry big room currently owner occupied fully remodeled in 2022 New Drywall, New floor, New Ceiling, Freshly painted. Huge Parking lot front, Back and Sides. Michigan Licenses showing agent much be physically present during all sowings. All information provided deemed reliable but not guaranteed. BAVA. Must follow and comply with all of COVID19 State Regulations and State Practice. Financials to be provided upon signing the Confidentiality Agreement and LOI. Please do not approach/Disturb employees or owner and feel free to contact listing broker for any question. All measurements are approx.

    • General Features
      • Acreage 0.53
      • Area Municipality Lansing (33021)
      • County Ingham
      • Originating MLS RealComp
      • Ownership Private
      • Subdivision PENNSYLVANIA HEIGHTS SUB
      • Total SqFt Finished 8067
      • Waterfront Y/N No
      • Year Built 19
      • ZONING Commercial
    • Building Features
      • Exterior Construction Brick
      • Foundation Type Basement
      • Heating System Forced Air
      • FUEL TYPE Natural Gas
    • Property Features
      • Water Public Water
      • Lot Size 154.2x150
      • Roads Paved Street
      • Sewer Septic Public Sanitary

    Contact

    Tim Sabrosky

    Tim Sabrosky

    Sales Associate

    RE/MAX Real Estate Professionals

    Mobile Phone: 517-285-3017

    Neighborhood

    48911 (Lansing) Demographics

    34 Median Age
    2,535 Population Density (per sq. mile)
    33% College Educated
    $47,225 Estimated Median Income
    8,668 Estimated Total Home Owners
    7,694 Estimated Total Renters
    53% / 47% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    40,924 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $143,000 Median Sales Price
    29 Homes Sold
    48 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $1,350,000
        2/29/2024 1:07:00 PM New in Database Source: Multiple Listing Service New Value: $1,350,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.