Retail Building with
For Sale
$219,900
2325 S Cedar St, Lansing, MI 48910
Established commercial building offers flexible space for retail, service, professional, or investment use.
Property Size2,198 SF
Price / SF$100.05
Days on Market153
Property Features for 2325 S Cedar St
General Information
Standard status
Active
Size
2,198 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$8,211
Listing Agency:
eXp Realty - Cedar Branch
Listed By:
Jennifer Worthington
(517) 798-4035
Source:
Exprealty
Added: May 18
Changed: Oct 8
Last Checked: Oct 16 at 9:24AM
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 - Cedar Branch
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Investment Insights
Based on property information with market context.
Built in 1907, this commercial property provides flexible space that can accommodate retail, service, professional, or investment-oriented operations. The building is supported by on-site parking and opportunities for prominent signage, giving occupants practical customer-access and branding features.
The property is located at 2325 S Cedar Street in Lansing, with access to I-96 and I-496, downtown Lansing, and nearby business districts. Surrounding context includes established businesses, national retailers, restaurants, and residential neighborhoods. Its placement along South Cedar Street connects the building with a heavily traveled commercial corridor and provides access to a broad mix of surrounding commercial and residential activity.
The property is located at 2325 S Cedar Street in Lansing, with access to I-96 and I-496, downtown Lansing, and nearby business districts. Surrounding context includes established businesses, national retailers, restaurants, and residential neighborhoods. Its placement along South Cedar Street connects the building with a heavily traveled commercial corridor and provides access to a broad mix of surrounding commercial and residential activity.
Key Highlights
- 1907 construction date
- Flexible space for retail, service, professional, or investment use
- On‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,894
Cap Rate
9.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$397,880
$397.9K
Cap Rate 7%
$284,200
$284.2K
Cap Rate 9%
$221,044
$221.0K
Market Conditions
NOI Build-Up for 2,198 SF
Gross rent
$33.0K $15.00/SF
− Vacancy
−$4.5K −$2.07/SF
EGI
$28.4K $12.93/SF
− OpEx
−$8.5K −$3.88/SF
NOI
$19.9K $9.05/SF
Area
Lansing, MI
Vacancy
13.80%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$397,880
Cap Rate 7%
$284,200
Cap Rate 9%
$221,044
Alternative Uses
Best Use
Retail
$284.2K
$248.7K – $331.6K
NOI $19,894 @ 7.0% cap · market cap 9.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$452.4K
$395.9K – $527.9K
NOI $31,671 @ 7.0% cap · market cap 14.40%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
859
Businesses Nearby
Explore this area
Business Placement
Demographics for 48910, MI
33,702
Population
17,119
Households
2
Avg Household Size
35
Median Age
32%
College-Educated
91%
High-School Grad
14.2 sq mi
ZIP Area
2,373
Density / Sq Mi
$52,154
Median Household Income
$36,643
Median Earnings
$1,003
Median Rent
$117,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Retail space - Established commercial building offers flexible space for retail, service, professional, or investment use.
Where is this retail space located?
The property is located at 2325 S Cedar St Lansing, MI.
What is the asking price?
The asking price for this property is $219,900.
What are key features of this property?
This property features: 1907 construction date; Flexible space for retail, service, professional, or investment use; On‑site parking
