3318-3320 S Cedar St, Lansing, MI 48910
COMMERCIAL - Lansing, MI
- Added:
- Jan 26, 2026
- Days on Market:
- 153
- Last Refresh:
- Jun 28 at 6:06 am
Property Features for 3318-3320 S Cedar St
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Bathrooms
- 2
- Rooms
- Bathroom 1, Basement, Bathroom 2
- Standard status
- Active
- APN
- 33010128454112
- Size
- 2,500 SF
- Lot size
- 0.53 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- S 128 FT OF N 178 FT LOT 15 BLOCK 2 OAK CREST SUB SPLIT/COMBINED ON 10/19/2017 FROM 33-01-01-28-454-121, 33-01-01-28-
- Tax Annual Amount
- 8390
Utilities
- Heating system
- Hot Water(Heating), Forced Air
Building Details
- Year built
- 1947
- Floors in Building
- 1
- Number of units
- 2
- Building materials
- Block
Listing agent Frank Jajou License #440153 (248) 709-6696
Listing office BHHS Kee Realty 210 W University Ste. 4, Birmingham, MI (248) 651-1200
Listing date Jan 26, 2026
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.
HighLights
- 2‑unit commercial income property with both units described as commercial
- Block construction; built in 1947
- Both units include full basements
- Left side unit is rented to Boost Mobile
- Heating includes hot water (heating) and forced air
Overview
Public remarks indicate the site is on a “prime cedar” and positioned on a high-traffic corridor along S Cedar St in Lansing, Michigan. The overall lot size is listed at 0.53 acres.
For tenants or investors, the most immediate fit is retail space that benefits from the added depth and flexibility of full basements. One side unit is leased to Boost Mobile, which may appeal to buyers looking for an existing tenancy within a two-unit retail setup. The availability of two separate commercial units can also be useful for an operator who wants to occupy one portion while planning for separate tenant use in the other, subject to their operating needs and approval requirements.
Local 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 | $37.5k | $15.00 |
| − Vacancy | −$5.2k | −$2.07 |
| EGI | $32.3k | $12.93 |
| − OpEx | −$9.7k | −$3.88 |
| NOI | $22.6k | $9.05 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lansing
- County
- Eaton
- State
- Michigan
- Longitude
- -84.548499
- Latitude
- 42.697926
