Two-Unit Cedar Street Retail
3318-3320 S Cedar St, Lansing, MI 48910
For Sale
$279,000
Commercial Sale, Lansing, MI
Property Size2,500 SF
Lot Size0.53 Acres
Price / SF$111.60
Days on Market289
Property Features for 3318-3320 S Cedar St
General Information
Property type
Property subtype
Zoning description
Bathrooms
Full bathrooms
Rooms
Subdivision
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Building Details
Year built
Floors in Building
Number of units
Building materials
Listing Agency:
BHHS Kee Realty
(248) 651-1200
Listed By:
Frank Jajou
(248) 709-6696
Added: Jan 26
Changed: Oct 30
Last Checked: Nov 10 at 5:06PM
MLS# 26003042
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This two-unit storefront property contains 2,500 square feet on a 0.53-acre parcel. Constructed in 1947 with block materials, the building includes full basements beneath both units, two bathrooms, and a combination of hot-water and forced-air heating. The property is configured for separate commercial occupancy, with the left-side unit occupied by Boost Mobile.
Located on S Cedar St in Lansing, the property offers a commercial setting along a high-traffic corridor. Its storefront configuration and basement areas provide functional space for retail or other commercial operations, subject to applicable approvals. The parcel is within Ingham County and carries a Lansing 48910 postal address.
Located on S Cedar St in Lansing, the property offers a commercial setting along a high-traffic corridor. Its storefront configuration and basement areas provide functional space for retail or other commercial operations, subject to applicable approvals. The parcel is within Ingham County and carries a Lansing 48910 postal address.
Key Highlights
- Two‑unit storefront property with 2,500 square feet
- 0.53‑acre parcel on S Cedar St in Lansing
- Full basement beneath each commercial unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,628
Cap Rate
8.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$452,560
$452.6K
Cap Rate 7%
$323,257
$323.3K
Cap Rate 9%
$251,422
$251.4K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$37.5K $15.00/SF
− Vacancy
−$5.2K −$2.07/SF
EGI
$32.3K $12.93/SF
− OpEx
−$9.7K −$3.88/SF
NOI
$22.6K $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%
$452,560
Cap Rate 7%
$323,257
Cap Rate 9%
$251,422
Alternative Uses
Best Use
Retail
$323.3K
$282.9K – $377.1K
NOI $22,628 @ 7.0% cap · market cap 8.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$514.6K
$450.3K – $600.4K
NOI $36,022 @ 7.0% cap · market cap 12.91%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
693
Businesses Nearby
Under-served
Demand for This Use
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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
$117,600
Median Home Value
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Market
Average Price Trend$/SF for Storefront properties in Lansing, MI
Properties on Market for Storefront properties in Lansing
Frequently Asked Questions
What type of property is this?
Storefront property - Block-built commercial property with full basements, two bathrooms, and an existing Boost Mobile tenant in one unit.
Where is this storefront property located?
The property is located at 3318-3320 S Cedar St Lansing, MI.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Two‑unit storefront property with 2,500 square feet; 0.53‑acre parcel on S Cedar St in Lansing; Full basement beneath each commercial unit
