2521 S Cedar St, Lansing, MI 48910
For Sale
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2020Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
G-1 BUS · Lansing, MILansing. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.