6030 Pennsylvania AveLansing, MI 48911

Property Details for 6030 Pennsylvania Ave

Year built

1989

Lot size

2.28 AC

Property size (Sq ft)

32,011 SF

Zone code

F COMM

Property type

Community centers

APN

33-01-05-03-352-463

APU

33010503352463

Description

Penn-Miller Plaza, located at 6030 S Pennsylvania Ave in Lansing, Michigan (zip code 48911), offers exceptional retail and restaurant opportunities. This commercial property boasts a total of 27,000 square feet, currently featuring one building with multiple suites. There are 5,900 square feet of vacant space available, divisible into units ranging from a minimum of 1,400 square feet to a maximum contiguous space of 2,800 square feet. The property is zoned for commercial use and is situated in Ingham County. Its prime location at a high-traffic intersection just north of I-96 provides excellent visibility and accessibility. The area is densely populated with numerous established businesses, including major retailers such as Meijer and Target, along with popular restaurants like Biggby, Culver's, and Panera Bread, ensuring high foot traffic and a strong customer base. This presents a unique chance for businesses seeking a vibrant and convenient location in a thriving Lansing commercial district. The property is ideal for a variety of retail or restaurant concepts seeking spaces ranging from 1,400 to 2,800 square feet. Inquire today to learn more about this exciting opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $2,943,738

  6.5%

  $2,717,296

  7%

  $2,523,204

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,545,658

  Geo Method

  $7,545,658

• Alternative Use

  Use

  Valuation

  Residential

  $2,292,141

  Hospitality

  $2,099,589

  Educational

  $1,746,833

  Medical

  $1,806,910

  Retail

  $2,717,296

Location Insight

City

Lansing

County

Ingham

State

Michigan

Latitude

42.6699

Longitude

-84.5389

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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