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    FOR SALE
    Banks

    2521 S Cedar St, Lansing, MI 48910

    2,328 SF 0.6 ac lot Built 1937
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US43-5273837
    Property summary
    AI-generated overview

    This 2,328-square-foot former bank building, located at 2521 S Cedar St in Lansing, Michigan, presents a unique investment opportunity. Built in 1937 and extensively renovated in 2015, this single-story, Class C property sits on a 0.6-acre lot and boasts a prominent corner location at the signalized intersection of Greenlawn and Cedar Streets. The building features a secure entryway, service counters, updated doors and flooring, and a handicap-accessible bathroom. The functional bank vault remains intact. Convenient drive-up teller lanes and outbuildings are situated on the expansive lot, which extends from Greenlawn to Lincoln Street, providing ample parking. A partial basement includes a second restroom and mechanical rooms. The property's MX-3 DISTRICT MIXED-USE CENTER zoning offers flexibility for various uses. Previously used as a dispensary and office space, this vacant building is offered at $145,000 ($62.29/sq ft). Its strategic location across from Rite Aid and Quality Dairy, and near the former McLaren Greenlawn campus, ensures high visibility and accessibility. The property is a fee simple ownership and the APN is 33-01-01-28-287-054.

    Property profile
    Verified
    Property type Banks
    Use group FINANCIAL BUILDING
    Year built 1937
    Total area 2,328 SF
    Lot 0.6 ac (26,223 SF)
    Zoning code G-1 BUS
    APN 33-01-01-28-287-054
    UPID US43-5273837
    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
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Owner & transaction history
    Baba I LLC · 1 yrs held
    Baba I LLC
    since 2025
    4 recorded transactions
    2025
    2019
    $175,000
    2018
    $120,000
    2015
    $157,500
    Zoning & alternative use
    G-1 BUS · Lansing, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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