Versatile Retail Building with
2325 S Cedar Street Lansing, MI 48910
For Sale
$229,900
Well-maintained retail building with flexible space, ample parking, and visibility on South Cedar Street in Lansing.
Property Size2,148 SF
Price / SF$107.03
Days on Market69
Property Features for 2325 S Cedar Street
General Information
- Standard status
- Active
- Size
- 2,148 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1907
Listing Agency:
eXp Realty, LLC
(517) 798-4035
Listed By:
Jennifer Worthington
(517) 798-4035
Source:
Sabudarealty
Added: May 17
Changed: Jul 21
Last Checked: Jul 24 at 3:50PM
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 eXp Realty, LLC
Investment Insights
Based on property information with market context.
This well-maintained commercial property offers flexible space that can support a range of professional, retail, or service-oriented uses. The building’s configuration is intended to accommodate different business needs, with on-site parking for customer and employee convenience. For sale as a retail property, it also presents investment use potential based on the space flexibility described in the offering.
The property is located on South Cedar Street, characterized in the remarks as a highly traveled commercial corridor with convenient accessibility. The location is described as providing easy access to I-96 and I-496, as well as downtown Lansing and surrounding business districts, with exposure to daily commuters.
The seller’s remarks note the presence of opportunities for prominent signage and a surrounding mix of established businesses, national retailers, restaurants, and residential neighborhoods, supporting a sustained, community-oriented retail presence.
The property is located on South Cedar Street, characterized in the remarks as a highly traveled commercial corridor with convenient accessibility. The location is described as providing easy access to I-96 and I-496, as well as downtown Lansing and surrounding business districts, with exposure to daily commuters.
The seller’s remarks note the presence of opportunities for prominent signage and a surrounding mix of established businesses, national retailers, restaurants, and residential neighborhoods, supporting a sustained, community-oriented retail presence.
Key Highlights
- Well‑maintained commercial building built in 1907 on South Cedar Street in Lansing.
- Flexible space suitable for professional, retail, service, or investment uses.
- Ample parking available on‑site.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.2k | $15.00 |
| − Vacancy | −$4.4k | −$2.07 |
| EGI | $27.8k | $12.93 |
| − OpEx | −$8.3k | −$3.88 |
| NOI | $19.4k | $9.05 |
2,148 SF · lease $15.00/SF/yr · vacancy 13.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$277.7K
$243.0K – $324.0K
NOI $19,442 @ 7.0% cap · market cap 8.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$442.1K
$386.9K – $515.8K
NOI $30,950 @ 7.0% cap · market cap 13.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Community Realty brokered ...
Real Estate Agency
Arielle Moore - REALTOR®, ...
Real Estate Agency
Klear Title
Title Company
Narmeen Shango - Key ...
Real Estate Agency
FAQs
What type of property is this?
Retail space - Well-maintained retail building with flexible space, ample parking, and visibility on South Cedar Street in Lansing.
Where is this retail space located?
The property is located at 2325 S Cedar Street Lansing, MI.
What is the asking price?
The asking price for this property is $229,900.
What are key features of this property?
This property features: Well‑maintained commercial building built in 1907 on South Cedar Street in Lansing.; Flexible space suitable for professional, retail, service, or investment uses.; Ample parking available on‑site.
