Professional Offices with Potential Living Space

Office for Sale
Sale Pending/Contingent
Catylist Listing ID: 30340835
Property Subtypes: Medical, Mixed Use, Flex Space, Office Building
Status: Pending/Contingent
Building Size (RSF): 3,340 SF
Gross Land Area: 0.28 Acres
Sale Price: $180,000
Unit Price: $53.89 PSF
Property Use Type: Vacant/Owner-User
Class of Space: Class C
Usable Size (USF): 3,340 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/15/2018

Overview / Comments

The 4201 Pennsylvania Professional building is located at Pennsylvania and Cavanaugh street in Lansing. It's location makes it convenient for local visitors as well as for those driving from the surrounding area, as Pennsylvania has easy access to I-96.
The building is brick construction and consists of two floors with a partial basement. The roof is a rubber membrane style and slightly pitches to the back of the building. The building has seperatly HVAC units for the upper and lower floors and is serviced by a single hot water heater.
The building has some really unique features that could add a tremendous amount of value to a new user. The building has been updated to add a handicap access point at the rear door, offering a barrier free entry point to the first floor. The property has an X Ray room that is turn key, complete with in wall shielding. Separate men's and women's bathrooms are located on this floor, along with changing rooms and exam rooms, currently designed for Chiropractic work.
The upper floor has a full kitchen, complete with stove top and wall oven, along with an eat in kitchen dinning area. It also has a full bathroom, complete with shower. The second floor could make for a great living area for a live / work building and is currently used for massage.
The basement houses the water heater and a full sized washer and dryer.

Parking is provide behind the building and the lot has access from both Pennsylvania and Cavanaugh Streets.

The Pennsylvania Professional Building is a truly unique building with many features that cannot be found elsewhere.

Additional Details

Nearest MSA: Lansing-East Lansing
County: Ingham
Taxing Authority: City of Lansing - Ingham County
Tax ID/APN: 33-01-01-34-179-042
Property Located Between: Cavanaugh
Property Visibility: Excellent
Highway Access: Via Cavanaugh to I-496, Via Pennsylvania to I-96
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1968
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,725 89,820 215,606
Median Age: 37.49 32.14 33.41
Households: 4,837 35,486 85,874


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