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    5920 Cedar St Lansing, MI 48911

    For Sale
    $130,000

    Freestanding building, 1200 sq ft, high visibility.

    Property size:
    1,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This 1,200 square foot freestanding restaurant building, situated at 5920 S Cedar St in Lansing, Michigan, presents a unique investment opportunity. Built in 1963, the single-story structure sits on a lot zoned for commercial use (F) and parking (J, in the rear). The property boasts 42.7 feet of frontage along Cedar Street, just north of the Miller Road intersection, offering excellent visibility and accessibility. Currently operating at 100% occupancy as a single-tenant QSR/fast food establishment, the lease is a modified type with one year remaining. The asking price is $130,000, translating to $108.33 per square foot. A significant advantage is the inclusion of annual billboard income of $1,980, secured by a 10-year lease extending until July 21, 2029. The property's location across from a Meijer store further enhances its appeal and potential for continued success. The property's APN is 33-01-05-04-479-011. This is an exceptional opportunity to acquire a well-located, income-generating commercial property in a thriving area. The property is available for sale or lease.

    Property Features for 5920 Cedar St

    General Information

    Property type
    Individual retail properties
    Square Feet
    1,200 SF

    Building Details

    Year Built
    1963
    Buildings
    1
    Stories
    1
    Units
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.544972506621
    Latitude
    42.670819461106

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    FAQs

    What type of property is this?
    Individual retail property - Freestanding building, 1200 sq ft, high visibility.
    Where is this individual retail property located?
    The property is located at 5920 Cedar St Lansing, MI.
    What is the asking price?
    The asking price for this property is $130,000.
    Request Owner's contact information
    5920 Cedar St Lansing, MI 48911
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    Lansing, MI 48911
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5920 Cedar St Lansing, MI 48911
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