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High Visibility Lansing Office Building
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741 N Cedar St, Lansing, MI 48906

Two-story office building with investment income and owner-user potential.

Space SizeContact for details
Property Size16,000 SF
Days on Market2744

Property Features for 741 N Cedar St

General Information

Standard status Active
Size 16,000 SF
Property subtype Office
Lease Type Full Service

Building Details

Building Size 16,000 SF
Tenancy Multiple

Spaces For Lease

at 741 N Cedar St Contact us

2nd Floor

Type
Office
Lease Type
Full Service
Availability
Active
Contact us
Listing Agency: Martin Commercial Properties
Listed By: Eric Rosekrans · License #MI 6501153826
Source: Crexi
Added: Feb 27, 2019 Changed: Aug 23 Last Checked: Sep 1 at 7:16PM

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 Martin Commercial Properties

Investment Insights

Based on property information with market context.

This two-story, 16,000 square foot building is located near the intersection of Saginaw and Cedar Streets. The first floor is fully leased to four tenants, while the 7,565 square foot second-floor suite is available for occupancy. The property offers high visibility and convenient access to Lansing’s primary business corridors, including Downtown and the Capitol area. The second-floor space is predominantly open and designed for flexibility, with expansive windows that fill the suite with natural light. The site includes up to 70 parking spaces along with building and monument signage opportunities. The second-floor suite is also available for lease.

Key Highlights

  • High‑visibility location near Saginaw & Cedar Streets.
  • Owner‑user opportunity with built‑in investment income from fully leased first floor.
  • Modern, two‑story, 16,000 SF building.

Property Analytics

Current Use

Mark S. Farrell, ... Law Firm Attorney Donald Waldron ... Law Firm National Association-Social Workers Charitable Organization Rapaport, Pollok, Farrell, ... Law Firm Manpower Employment Agency

Suggested Use

Top Pick Nail Salon Dental Office HVAC Service Computer & Electronic Repair (Bike/Boat/Book/etc) Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.70 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,489
Businesses Nearby

Demographics for 48906, MI

25,674
Population
12,180
Households
2.1
Avg Household Size
37
Median Age
29%
College-Educated
91%
High-School Grad
32.5 sq mi
ZIP Area
790
Density / Sq Mi
$61,533
Median Household Income
$38,551
Median Earnings
$1,033
Median Rent
$128,600
Median Home Value

Market

Lease Benchmarks for Lansing, MI

$15.68 /SF/Yr
Avg Asking Price
$8–$30 /SF/Yr
Price Range
59,108 SF
Avg Space Size

This space is priced 15% above the average of $15.68 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - Two-story office building with investment income and owner-user potential.
Where is this office building located?
The property is located at 741 N Cedar St Lansing, MI.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: High‑visibility location near Saginaw & Cedar Streets.; Owner‑user opportunity with built‑in investment income from fully leased first floor.; Modern, two‑story, 16,000 SF building.
(517) 351-2200 Call to check price and availability
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