Two-Unit Storefront
For Sale
$279,999
33183320 3318-3320 S Cedar St, Lansing, MI 48910
Both commercial suites include full basements that expand the available space beneath each unit.
Property Size2,500 SF
Price / SF$111
Days on Market81
Property Features for 33183320 3318-3320 S Cedar St
General Information
Standard status
Active
Size
2,500 SF
Building Details
Year Built
1947
Buildings
2
Tenancy
Multi
Listing Agency:
Berkshire Hathaway HomeServices Kee Realty
Listed By:
Frank Jajou · License #6501440153
(248) 709-6696
Source:
Katie-k
Added: Jul 28
Changed: Oct 12
Last Checked: Oct 7 at 12:54PM
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 Berkshire Hathaway HomeServices Kee Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This two-unit storefront property contains commercial space in both suites, with a full basement beneath each one. The left-hand unit is occupied by Boost Mobile, while the second unit is also configured for commercial use.
Constructed in 1947, the property offers a straightforward two-suite layout with lower-level space that can support storage or other uses associated with the commercial units.
Constructed in 1947, the property offers a straightforward two-suite layout with lower-level space that can support storage or other uses associated with the commercial units.
Key Highlights
- Two‑unit commercial storefront property
- Full basement beneath both commercial units
- Boost Mobile occupies the left‑hand unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,628
Cap Rate
8.08%
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 8.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$514.6K
$450.3K – $600.4K
NOI $36,022 @ 7.0% cap · market cap 12.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
179
Businesses Nearby
Under-served
Demand for This Use
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
Frequently Asked Questions
What type of property is this?
Storefront property - Both commercial suites include full basements that expand the available space beneath each unit.
Where is this storefront property located?
The property is located at 33183320 3318-3320 S Cedar St Lansing, MI.
What is the asking price?
The asking price for this property is $279,999.
What are key features of this property?
This property features: Two‑unit commercial storefront property; Full basement beneath both commercial units; Boost Mobile occupies the left‑hand unit
