Freestanding Restaurant with
For Sale
Contact for pricing
2350 Cedar St, Holt, MI 48842
Freestanding restaurant with a drive-thru, 39 parking spaces, and two curb cuts on a 1.54-acre lot.
Property Size2,810 SF
Lot Size1.54 Acres
Price / SF$0.01
Days on Market367
Property Features for 2350 Cedar St
General Information
Standard status
Active
Size
2,810 SF
Total Parking Spaces
39
Lot size
1.54 Acres
Property subtype
Retail
Zoning
C-3
Additional Details
Road Access
Yes
Building Details
Building Size
2,810 SF
Listing Agency:
Colliers
Listed By:
Mike Howard
(419) 290-0561
Source:
Cpix.resimplifi
Added: Oct 22, 2025
Changed: Oct 2
Last Checked: Oct 23 at 3:33AM
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 Colliers
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Investment Insights
Based on property information with market context.
This freestanding restaurant is built for drive-thru service and features 39 parking spaces on a 1.54-acre lot. The property has two curb cuts to support convenient access and circulation.
Located on Cedar Street, the site is positioned along a roadway with traffic counts exceeding 17,000 vehicles per day. Nearby retailers include Kroger, Taco Bell, AutoZone, Planet Fitness, McDonald’s, and Family Dollar, providing a strong established retail mix in the surrounding area.
Located on Cedar Street, the site is positioned along a roadway with traffic counts exceeding 17,000 vehicles per day. Nearby retailers include Kroger, Taco Bell, AutoZone, Planet Fitness, McDonald’s, and Family Dollar, providing a strong established retail mix in the surrounding area.
Key Highlights
- Freestanding restaurant with a drive‑thru
- 1.54‑acre lot with two (2) curb cuts
- 39 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,916
Suggested Prices Based on Cap Rates
Cap Rate 5%
$498,320
$498.3K
Cap Rate 7%
$355,943
$355.9K
Cap Rate 9%
$276,844
$276.8K
Market Conditions
NOI Build-Up for 2,810 SF
Gross rent
$40.5K $14.40/SF
− Vacancy
−$7.2K −$2.58/SF
EGI
$33.2K $11.82/SF
− OpEx
−$8.3K −$2.96/SF
NOI
$24.9K $8.87/SF
Area
Ingham County, MI
Vacancy
17.90%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$498,320
Cap Rate 7%
$355,943
Cap Rate 9%
$276,844
Alternative Uses
Best Use
Specialty Retail
$355.9K
$311.5K – $415.3K
NOI $24,916 @ 7.0% cap · market cap 131,136.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$451.5K
$395.0K – $526.7K
NOI $31,602 @ 7.0% cap · market cap 166,326.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
522
Businesses Nearby
145k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Shops & Services 30%
Groceries 25%
Kroger
Groceries
36,800 visits/mo
0.4 miles
McDonald's
Dining
25,238 visits/mo
0.2 miles
Taco Bell
Dining
16,095 visits/mo
0.2 miles
Quality Dairy
Shops & Services
15,804 visits/mo
0.4 miles
Kroger Fuel Center
Shops & Services
12,133 visits/mo
0.4 miles
Demographics for 48842, MI
21,548
Population
9,573
Households
2.3
Avg Household Size
40
Median Age
39%
College-Educated
93%
High-School Grad
17.2 sq mi
ZIP Area
1,253
Density / Sq Mi
$86,830
Median Household Income
$50,275
Median Earnings
$1,245
Median Rent
$211,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Freestanding restaurant with a drive-thru, 39 parking spaces, and two curb cuts on a 1.54-acre lot.
Where is this drive through restaurant located?
The property is located at 2350 Cedar St Holt, MI.
What are key features of this property?
This property features: Freestanding restaurant with a drive‑thru; 1.54‑acre lot with two (2) curb cuts; 39 parking spaces
