2490 Cedar St, Holt, MI 48842-2104
- Retail space
- 2,070 SF
- 0.59 lot acres
Current Use by Public Records
- Red Wing - Holt, MI / Clothing & Fashion Store / (Bike/Boat/Book/etc) Store
Property Details for 2490 Cedar St
- Year built
- 1962
- Lot size
- 0.59 lot acres
- Zone code
- C-2
- Property type
- Retail space
- APN
- 33-25-05-15-202-041
- APU
- 33250515202041
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Oct 16, 2013 | — | 2500 Cedar Street LLC | Novello,michael J & Mary C | Warranty Deed | — |
| Aug 19, 2013 | — | Michael J Novello | Novello Vincent A Trust | Quit Claim Deed · related | — |
| Nov 22, 2011 | — | Novello Vincent Irrevocable Trust | Novello,veronica | Quit Claim Deed · related | — |
| Mar 1, 2010 | — | Novello,vincent A Trust | Novello,vincent A | Quit Claim Deed · related | — |
| Feb 9, 2010 | — | Vincent A Novello | Novello V A Living Trust 1 | Quit Claim Deed · related | — |
| Aug 15, 2005 | — | Novello,vincent A Trust | Novello,vincent A & Veronica | Quit Claim Deed · related | — |
| — | — | Novello Vincent A Irrev Trust | — | Deed Of Trust · related | $30k · Dart Bank |
Description
This exceptional redevelopment opportunity encompasses a 1.14-acre parcel at 2490-2500 Cedar St, Holt, MI 48842, offering high visibility in a bustling commercial corridor. The property currently features a 4,929 square foot multi-tenant storefront building with three units, currently at 50% occupancy, under a NNN lease with three years remaining. The asking price is $795,000, translating to $161.29 per square foot. The strategic location, just 0.5 miles south of the I-96/S Cedar St Interchange, ensures significant traffic exposure. Further enhancing its potential, the property is zoned C-2 and presents the unique possibility of combining with an adjacent parcel to create a substantial 2.34-acre corner lot. This presents a rare chance to develop a significant retail presence in a high-demand area. The existing building provides immediate income potential while offering flexibility for future redevelopment plans. This is an ideal investment for developers seeking a prime location with strong growth potential in Ingham County, Michigan.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Holt
- County
- Ingham
- State
- Michigan
- Longitude
- -84.5314
- Latitude
- 42.6544
- CBSA code
- 29620
- CBSA name
- LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
