Current Use by Public Records
- 1 Stop Computer's / Electronics & Wireless Store
- Myanmar Asian Store (win family grocery store) / (Bike/Boat/Book/etc) Store / Grocery & Convenience Store
- Golden Nails / Nail Salon
- The Haven Smoke Shop / (Bike/Boat/Book/etc) Store
Property Details for 5525 Cedar St
- Year built
- 1966
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional 12,600 square foot shopping center, located at 5525 S Cedar St in Lansing, Michigan, presents a compelling investment opportunity. Built in 1966, the single-story building features six units within a 35,000 square foot lot, offering versatile leasing options for a variety of retail tenants. The property boasts 50 parking spaces and is zoned 201 Commercial-Improved, ensuring its suitability for retail use. With a strong net operating income (NOI) of $71,140 and an attractive cap rate of 10.24%, this Class C shopping center is priced at $695,000. Its prime location in the heart of Lansing provides high visibility and accessibility, attracting a substantial customer base. The property's solid construction and established tenancy make it an ideal addition to any investor's portfolio, promising strong rental income and significant return on investment. The property's multi-tenant structure offers diversification and resilience in the current market. This is a rare opportunity to acquire a well-positioned retail property in a thriving Lansing commercial area. The Ingham County location and 48911 zip code add to its desirability. The property's APN is 33-01-05-04-277-022.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lansing
- County
- Ingham
- State
- Michigan
- Longitude
- -84.5477
- Latitude
- 42.6767
