Retail Property in Mason,
For Sale
$950,000
660 North Cedar Street, Mason, MI 48854
Retail property for sale with 5,000 square feet.
Property Size5,000 SF
Price / SF$190
Days on Market196
Property Features for 660 North Cedar Street
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Retail
Listing Agency:
CBRE
Listed By:
Cameron Timmer
(616) 485-4131
Source:
Cbre
Added: Mar 25
Changed: Oct 4
Last Checked: Oct 5 at 4:01PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE
Investment Insights
Based on property information with market context.
This commercial real estate offering consists of a retail property with a total size of 5,000 square feet. The property is located on North Cedar Street in Mason, Michigan. It is suitable for retail and other commercial purposes.
Key Highlights
- 5,000 square feet of retail space
- Retail property for sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,482
Cap Rate
3.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$689,640
$689.6K
Cap Rate 7%
$492,600
$492.6K
Cap Rate 9%
$383,133
$383.1K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$60.0K $12.00/SF
− Vacancy
−$10.7K −$2.15/SF
EGI
$49.3K $9.85/SF
− OpEx
−$14.8K −$2.96/SF
NOI
$34.5K $6.90/SF
Area
Ingham County, MI
Vacancy
17.90%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$689,640
Cap Rate 7%
$492,600
Cap Rate 9%
$383,133
Alternative Uses
Best Use
Retail
$492.6K
$431.0K – $574.7K
NOI $34,482 @ 7.0% cap · market cap 3.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$803.3K
$702.9K – $937.2K
NOI $56,232 @ 7.0% cap · market cap 5.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
288
Businesses Nearby
78k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 70%
Shops & Services 17%
Home Improvements & Furnishings 13%
McDonald's
Dining
17,514 visits/mo
0.1 miles
Family Farm & Home
Home Improvements & Furnishings
9,878 visits/mo
0.3 miles
BIGGBY COFFEE
Dining
8,950 visits/mo
0.1 miles
A&W Restaurant
Dining
7,710 visits/mo
0.1 miles
BP
Shops & Services
6,785 visits/mo
0.2 miles
Demographics for 48854, MI
19,804
Population
7,853
Households
2.5
Avg Household Size
41
Median Age
39%
College-Educated
95%
High-School Grad
113.3 sq mi
ZIP Area
175
Density / Sq Mi
$91,956
Median Household Income
$46,992
Median Earnings
$1,136
Median Rent
$240,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail property - Retail property for sale with 5,000 square feet.
Where is this retail property located?
The property is located at 660 North Cedar Street Mason, MI.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 5,000 square feet of retail space; Retail property for sale
