5525 S Cedar St
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5525 S Cedar St
12,600 SF 52% Leased Retail Building Lansing, MI 48911 $695,000 ($55/SF) 10.24% Cap Rate
Executive Summary
Introducing a prime investment opportunity at 5525 S Cedar St, Lansing, MI. This impressive 12,600 SF building, erected in 1966, boasts 6 units and is perfectly suited for a Retail / Street Retail investor. Zoned 201 Commercial-Improved, this property is strategically located in the heart of Lansing, offering a wealth of potential for a discerning investor. With its versatile layout and prime location, this property presents a rare and lucrative opportunity in the thriving commercial real estate market.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
12,600 SF
Building Class
C
Year Built
1966
Price
$695,000
Price Per SF
$55
Cap Rate
10.24%
NOI
$71,140
Percent Leased
52%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.39
Lot Size
0.74 AC
Zoning
G-2 - Commercial
Parking
49 Spaces (3.89 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Suite 4 - 2,000 SF
Suite 5 Available Immediately 4,000 SF - Open floorplan fit with high ceilings for a variety of users
| Space | Size | Space Use | Position | Available |
| 4 | 2,000 SF | Retail | - | Now |
| 5 | 4,000 SF | Retail | - | Now |
4
| Size |
| 2,000 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
5
| Size |
| 4,000 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
4
| Size | 2,000 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Suite 4 - 2,000 SF
5
| Size | 4,000 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Suite 5 Available Immediately 4,000 SF - Open floorplan fit with high ceilings for a variety of users
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 01-05-04-277-022 | Improvements Assessment | $258,900 |
| Land Assessment | $56,200 | Total Assessment | $315,100 |
PROPERTY TAXES
Parcel Number
01-05-04-277-022
Land Assessment
$56,200
Improvements Assessment
$258,900
Total Assessment
$315,100
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5525 S Cedar St
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