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    FOR LEASE
    Grocery and convenience stores

    2495 Cedar St, Holt, MI 48842

    32,766 SF 5.12 ac lot Built 1980
    Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US43-4058207
    Property summary
    AI-generated overview

    Cedar Park Center, a vibrant 125,000 square foot neighborhood center in Ingham County, offers exceptional creative office space for lease. This popular retail and office complex boasts a prime location along a busy retail corridor in Greater Lansing, ensuring high visibility and easy access. The property features three available suites ranging from 1,834 to 11,777 square feet, providing flexibility for businesses of various sizes. Benefit from the strong synergy of being situated near major retailers such as Kroger, Lowe's, Menards, Target, Rite Aid, and Walgreens, drawing significant foot traffic and enhancing brand visibility. Convenient access to I-96 ensures seamless commutes for employees and clients throughout the Greater Lansing area. Ample parking is available with 285 well-lit spaces for tenants and visitors. This multi-tenant building presents a unique opportunity to establish your business in a thriving commercial hub with excellent visibility and convenient amenities. The available spaces are ideal for businesses seeking a dynamic and accessible location within a well-established retail center. Contact us today to learn more about these exceptional leasing opportunities.

    Property profile
    Verified
    Property type Grocery and convenience stores
    Use group GROCERY, SUPERMARKET
    Year built 1980
    Total area 32,766 SF
    Lot 5.12 ac (223,027 SF)
    Zoning code A-1
    APN 33-25-05-15-126-021
    UPID US43-4058207
    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
    • Bookshelf (Bike/Boat/Book/etc) Store
    • Kroger Money Services Check Cashing
    • Western Union Bank Credit Union
    • Kroger Grocery & Convenience Store Food Market
    • Rivers of Life Church Church Mosque
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $3.48M
    Comparable Approach Comparable
    $2.08M
    Blend (final) Blend
    $2.74M
    Owner & transaction history
    Kroger Co Of Michigan · 4 yrs held
    Kroger Co Of Michigan
    since 2021
    6 recorded transactions
    2022
    2021
    2021
    2011
    1969
    1969
    Zoning & alternative use
    A-1 · Holt, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Medical building $4.0M +55.4%
    Restaurant $3.8M +47.0%
    Commercial (general) $3.7M +44.0%
    Try Rey
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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