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    2132 Cedar St Holt, MI 48842

    Sponsored
    For Sale
    $299,900

    Multi-use building, high rental income potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional commercial property, located at 2132 Cedar Street in Holt, Michigan, presents a unique investment opportunity. The 0.36-acre lot features a substantial building with over 2,500 square feet of above-ground space, currently divided into five lease spaces with potential for a sixth. The upper level boasts two full bathrooms and convenient front and back access, including wheelchair accessibility. The lower level includes a sizable storage area, also accessible from both the front and back, and a two-bedroom apartment complete with a full kitchen, bathroom, and laundry facilities—currently leased. Two additional sheds provide ample storage. Recent upgrades include two new gas furnaces (2018), a new roof and eavestroughs (2022), and three new air conditioning units (2024). The parking lot was also redone in 2018. Three leases are currently in place, ensuring immediate revenue generation for the new owner. The property includes a total of two full baths, two half baths, and a separate shower. Zoned Town Center, this property allows for both residential and commercial use, offering significant cost savings. Its prime location between Aurelius and Holt Roads, along with prominent road signage, ensures high visibility. This well-maintained building offers abundant parking and represents a compelling investment opportunity with strong rental income potential.

    Property Features for 2132 Cedar St

    General Information

    Property type
    Land
    Lot Size
    15,682 SF

    HighLights

    • Exceptional investment opportunity: 2,500+ sq ft building on a 0.36‑acre lot in Holt, MI.
    • Five lease spaces (potential for six), plus a leased two‑bedroom apartment with full kitchen and bath.
    • Recent upgrades: new roof (2022), HVAC (2018 & 2024), parking lot (2018).
    • Three existing leases provide immediate income; ample storage including two sheds.
    • High visibility location on Cedar St., between Aurelius & Holt Rds., zoned Town Center (residential & commercial use).
    Property Profile Location Intelligence

    Current Use by Public Records

    Dr. Ayad M. ... Internist Work Health Cedar Occupational Health Service Peace & Harmony Counseling ... Mental Health Service BluBird Kitchen & Design Interior Designer Edward C. Cook, ... Psychoneurological Specialized Clinic

    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
    Holt
    County
    Ingham
    State
    Michigan
    Longitude
    -84.5193721
    Latitude
    42.6445237

    Nearby Comparable

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    Nearby Similar for Sale

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      Retail/Office Suites in Holt

      Retail and office suites available in Holt, Michigan.
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      Office/Medical Building Suites Available

      Office and medical suites for lease in Holt, Michigan.
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      Holt Commercial Building - Great Location!

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    FAQs

    What type of property is this?
    Land - Multi-use building, high rental income potential.
    Where is this land located?
    The property is located at 2132 Cedar St Holt, 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: Exceptional investment opportunity: 2,500+ sq ft building on a 0.36-acre lot in Holt, MI.; Five lease spaces (potential for six), plus a leased two-bedroom apartment with full kitchen and bath.; Recent upgrades: new roof (2022), HVAC (2018 & 2024), parking lot (2018).
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    2132 Cedar St Holt, MI 48842
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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
    2132 Cedar St Holt, MI 48842
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