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1149 S Pennsylvania Ave
Lansing, MI 48912
Industrial Property For Sale
Executive Summary
Investment Opportunity - 14,880 SF Freestanding Industrial Facility
14,880 SF industrial facility with investment grade tenant, featuring 2,880 SF of warehouse space and 2,000 SF of office space and a functional layout suitable for a variety of industrial or distribution uses.
Financial Highlights:
Proven track records and stable occupancy with current tenant (Keystone Automotive Industries)
Lease in palce through June 30, 2028
$78,119 NOI
8.2% CAP
Key Features:
Full basement providing additional warehouse or storage capacity
Six (6) loading docks and one (1) grade-level door
Ample parking with approximately 30–40 spaces
Dual ingress/egress access via S Pennsylvania Ave and Haco Dr
Prominent pylon and building signage opportunities
Location Highlights:
Just 0.3 miles north of I-496
0.5 miles east of Business 96
2.2 miles east of US-127
High-visibility site along the S Pennsylvania retail corridor with traffic counts of approximately 15,042 AADT
14,880 SF industrial facility with investment grade tenant, featuring 2,880 SF of warehouse space and 2,000 SF of office space and a functional layout suitable for a variety of industrial or distribution uses.
Financial Highlights:
Proven track records and stable occupancy with current tenant (Keystone Automotive Industries)
Lease in palce through June 30, 2028
$78,119 NOI
8.2% CAP
Key Features:
Full basement providing additional warehouse or storage capacity
Six (6) loading docks and one (1) grade-level door
Ample parking with approximately 30–40 spaces
Dual ingress/egress access via S Pennsylvania Ave and Haco Dr
Prominent pylon and building signage opportunities
Location Highlights:
Just 0.3 miles north of I-496
0.5 miles east of Business 96
2.2 miles east of US-127
High-visibility site along the S Pennsylvania retail corridor with traffic counts of approximately 15,042 AADT
Property Facts
| Sale Type | Investment | Rentable Building Area | 12,824 SF |
| Property Type | Industrial | No. Stories | 1 |
| Property Subtype | Warehouse | Year Built | 1920 |
| Building Class | C | Parking Ratio | 1.17/1,000 SF |
| Lot Size | 0.60 AC | No. Dock-High Doors/Loading | 2 |
| Zoning | H LT IN | ||
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.60 AC |
| Rentable Building Area | 12,824 SF |
| No. Stories | 1 |
| Year Built | 1920 |
| Parking Ratio | 1.17/1,000 SF |
| No. Dock-High Doors/Loading | 2 |
| Zoning | H LT IN |
Amenities
- Bus Line
Property Taxes
| Parcel Number | 01-01-22-176-131 | Improvements Assessment | $337,013 CAD |
| Land Assessment | $33,095 CAD | Total Assessment | $370,107 CAD |
Property Taxes
Parcel Number
01-01-22-176-131
Land Assessment
$33,095 CAD
Improvements Assessment
$337,013 CAD
Total Assessment
$370,107 CAD
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