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Property profile & analytics
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
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k
Owner & transaction history
Baba I LLC · 1 yrs held
Baba I LLC
since 2025
4 recorded transactions
2025
Price N/A
2019
$175,000
2018
$120,000
2015
$157,500
Zoning & alternative use
G-1 BUS · Lansing, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source code of ordinances
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