Former CVS in Retail Corridor 5118 S Martin Luther King Jr Blvd 1 011 m² Inoccupé Local commercial Vente aux enchères en ligne Lansing, MI 48911

Discover this prime former CVS property, perfectly positioned for business just south of Downtown Lansing.

5118 S Martin Luther King Jr Boulevard is a premier asset offering buyers and investors a blank canvas space. Originally constructed in 2001, this well-maintained, single-story commercial property offers 10,880 square feet of interior space situated on a generous 1.35-acre parcel. Ideally positioned just south of Downtown Lansing, the building presents a rare opportunity for investors or owner/users seeking visibility, flexibility, and long-term value. Zoned MX-C (Mixed Use Urban Corridor), the site supports a diverse array of commercial uses. The structure welcomes visitors with a double-door entrance that opens into a spacious retail floor plan, complete with a refrigerated section and an expansive open area that flows into the former pharmacy space. The layout reflects a classic drugstore configuration but offers ample optionality. Inside, the soaring 13-foot ceiling heights add to its charm. A simple brick façade enhances curb appeal and minimizes long-term maintenance. The property also features a drive-thru window for added convenience, as well as on-site parking. With monument signage located at a signalized intersection and additional space available on the building façade, there is ample space for branding at this property.

This former CVS boasts a premier location just south of the Michigan State Capitol. Positioned in the center of a trade area with numerous national and local retailers and restaurants, the area sees constant traffic. Additionally, the property is surrounded by densely populated residential neighborhoods, providing a strong consumer base. Within 5 miles, the population is on the rise, and average consumer spending exceeds $1.62 billion annually.

Lansing is a premier location with lots drawing people to the area. As the state capital, Lansing’s largest employer remains the State of Michigan, providing stability through public-sector jobs. Additionally, General Motors remains a cornerstone of Lansing’s economy through its Lansing Grand River Assembly and related operations. There are several other prominent sectors that contribute to the city’s diverse economy.

With its strategic location, adaptable zoning, and built-in infrastructure, this property represents a compelling opportunity for repositioning or continued use in one of Lansing’s most desirable areas.

Property tours are available by appointment only. Please contact the listing broker to schedule.