Flexible Commercial Building with
542 N Cedar St Imlay City, MI 48444
542 N Cedar St, Imlay City, MI, 48444
$299,900
For Sale
$299,900
Updated commercial building near a high-visibility intersection with parking for about 25 vehicles and multiple restroom facilities.
Property Size5,000 SF
Lot Size0.87 Acres
Price / SF$59.98
Days on Market86
Property Features for 542 N Cedar St
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Lot size
- 0.87 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1967
Listing agency
Pilot Property Group - Residential LLC
(586) 873-5419
Listed by
Anthony U Rubino · License #6502425251
(586) 873-5419
Source
Elliman
Added: Apr 27 Updated: Jul 20 at 8:19PM Checked: Jul 21 at 5:44AM
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 Pilot Property Group - Residential LLC
Investment Insights
Based on property information with market context.
This versatile commercial building has been freshly cleaned and updated for market readiness and offers a flexible interior footprint across nearly 5,000 square feet. The front portion is described as suited for a range of commercial uses, including offices, medical or professional clinics, retail operations, automotive service, dining, shared office suites, or boutique retail. The building includes multiple restrooms, featuring four full bathrooms with showers and sauna facilities, two additional half baths, and a kitchen area.
The property sits on a spacious 0.87-acre parcel with existing parking for approximately 25 vehicles, with potential to expand, and is positioned along a high-visibility intersection on a Class A roadway in growing Imlay City. BikeScore is 24 (Somewhat Bikeable) and WalkScore is 28 (Car-Dependent).
With parking on-site and a layout designed to accommodate multiple types of retail and service-oriented operations, the building is well suited for an owner-occupant or an investor looking for adaptable space.
The property sits on a spacious 0.87-acre parcel with existing parking for approximately 25 vehicles, with potential to expand, and is positioned along a high-visibility intersection on a Class A roadway in growing Imlay City. BikeScore is 24 (Somewhat Bikeable) and WalkScore is 28 (Car-Dependent).
With parking on-site and a layout designed to accommodate multiple types of retail and service-oriented operations, the building is well suited for an owner-occupant or an investor looking for adaptable space.
Key Highlights
- Nearly 5,000 SF commercial building on a 0.87‑acre parcel (built in 1967) with flexible layout for multiple commercial uses
- High‑visibility location at an intersection along a Class A roadway in growing Imlay City
- Parking for approximately 25 vehicles on site, with potential to expand
Local Financial Insights For Office B
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 | $30.0k | $6.00 |
| − Vacancy | −$7.1k | −$1.41 |
| EGI | $23.0k | $4.59 |
| − OpEx | −$5.7k | −$1.15 |
| NOI | $17.2k | $3.44 |
5,000 SF · lease $6.00/SF/yr · vacancy 23.50% · expense 25.00%
Alternative Uses
Best Use
Healthcare Medical
$818.8K
$716.5K – $955.3K
NOI $57,316 @ 7.0% cap · market cap 19.11%
Second Best
Retail
$492.6K
$431.0K – $574.7K
NOI $34,482 @ 7.0% cap · market cap 11.50%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
FAQs
What type of property is this?
Medical Office Space - Updated commercial building near a high-visibility intersection with parking for about 25 vehicles and multiple restroom facilities.
Where is this medical office space located?
The property is located at 542 N Cedar St Imlay City, MI.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Nearly 5,000 SF commercial building on a 0.87‑acre parcel (built in 1967) with flexible layout for multiple commercial uses; High‑visibility location at an intersection along a Class A roadway in growing Imlay City; Parking for approximately 25 vehicles on site, with potential to expand
