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    OFF-MARKET
    Office buildings

    2132 Cedar St 1, Holt, MI 48842-1458

    2,535 SF 0.36 ac lot Built 1960
    Trust Owned Free & Clear
    Property ID
    US43-0200460
    Property summary
    AI-generated overview

    This exceptional multi-family property at 2132 Cedar Street, Unit 2132, Holt, MI, presents a lucrative investment opportunity. Boasting over 2,535 square feet on a 0.36-acre lot, this building offers five current lease spaces with the potential for a sixth, generating immediate revenue. The upper level features two full bathrooms with convenient front and back access, including wheelchair accessibility. The lower level includes a sizable storage area, leasable if desired, also with front and back access, plus a washer, dryer, and shower in the common area. A two-bedroom apartment with a full kitchen, bathroom, and laundry is also located on the lower level and is currently leased, offering owner-occupancy potential. Two exterior sheds provide additional storage. Significant 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. The property is zoned Town Center, allowing for both residential and commercial use, a significant advantage. Three leases are currently in place. The building includes two full baths, two half baths, and a separate shower. Its prime location between Aurelius and Holt Roads, along with road signage, ensures high visibility. This well-maintained property offers ample parking and represents a strong investment with immediate income potential.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1960
    Total area 2,535 SF
    Lot 0.36 ac (15,638 SF)
    Zoning code TC
    APN 33-25-05-14-303-018
    UPID US43-0200460
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Dr. Ayad M. George, MD Physician
    • Work Health Cedar Occupational Health Service Medical Clinic
    • Peace & Harmony Counseling Services, LLC Crisis Center Medical Clinic
    • BluBird Kitchen & Design Interior Design Home Decor Store
    • Edward C. Cook, PhD Medical Clinic
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Ericks Family Trust
    Ericks Family Trust
    since 2026
    Last sale
    $136,000
    5 recorded transactions
    2026
    $190,000
    2023
    2017
    $136,000
    2014
    $133,000
    2014
    Zoning & alternative use
    TC · Holt, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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