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    2919 Cedar St Lansing, MI 48910

    For Sale
    $495,000

    7,050 SF Mixed-Use Building, $495,000

    Property size:
    7,050 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 7,050 square foot mixed-use building, located at 2919 S. Cedar St. in Lansing, Michigan, presents a compelling investment opportunity. Built in 1965, the single-story structure sits on a 22,002 square foot lot (APN: 33-01-01-28-433-032) and is zoned J + F, allowing for diverse commercial uses. Previously occupied by a Family Dollar, the property is currently vacant, offering immediate potential for a new tenant. The building boasts a convenient location on the northeast corner of S. Cedar St. and Paris Ave., just south of E. Greenlawn Ave. and within 3 miles of downtown Lansing. Its high-traffic location ensures maximum visibility and foot traffic. The property includes approximately 35 parking spaces and multiple ingress/egress points, along with pylon signage. The asking price is $495,000, translating to $70.21 per square foot. The lease expires December 31, 2025. This property offers a unique chance to acquire a well-situated, sizable retail space in a thriving Lansing commercial area. The spacious layout allows for flexible retail floor plan configurations, catering to a variety of business needs. The building's exterior shows neighborhood character. This is an ideal investment for those seeking a strong return in a dynamic market.

    Property Features for 2919 Cedar St

    General Information

    Property type
    Individual retail properties
    Square Feet
    7,050 SF

    Building Details

    Year Built
    1965
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • 7,050 SF mixed‑use building ideal for retail investment.
    • 1965 construction, painted exterior.
    • J & F zoning allows for mixed‑use commercial development.
    • Prime Lansing location with high visibility and traffic.
    • Features pylon signage, ample parking (approx. 35 spaces), and multiple points of ingress/egress.
    • Spacious layout offers flexible floor plan options.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Family Dollar Dollar Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Lansing
    County
    Ingham
    State
    Michigan
    Longitude
    -84.54810185285
    Latitude
    42.702229603312

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    FAQs

    What type of property is this?
    Individual retail property - 7,050 SF Mixed-Use Building, $495,000
    Where is this individual retail property located?
    The property is located at 2919 Cedar St Lansing, MI.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: 7,050 SF mixed-use building ideal for retail investment.; 1965 construction, painted exterior.; J & F zoning allows for mixed-use commercial development.
    Request Owner's contact information
    2919 Cedar St Lansing, MI 48910
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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
    2919 Cedar St Lansing, MI 48910
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