2919 Cedar St Lansing, MI 48910
- Grocery and convenience stores
- 7,050 SF
- 0.50 lot acres
Current Use by Public Records
- Family Dollar / Toy Store / Dollar Store
Property Details for 2919 Cedar St
- Year built
- 1965
- Lot size
- 0.50 lot acres
- Property size
- 7,050 SF
- Zone code
- J & F
- Property type
- Grocery and convenience stores
- APN
- 33-01-01-28-433-032
- APU
- 33010128433032
Description
This exceptional 7,050 square foot mixed-use building, located at 2919 S. Cedar St. in Lansing, Michigan, presents a compelling investment opportunity. Built in 1965, the single-story structure sits on a 22,002 square foot lot (APN: 33-01-01-28-433-032) and is zoned J + F, allowing for diverse commercial uses. Previously occupied by a Family Dollar, the property is currently vacant, offering immediate potential for a new tenant. The building boasts a convenient location on the northeast corner of S. Cedar St. and Paris Ave., just south of E. Greenlawn Ave. and within 3 miles of downtown Lansing. Its high-traffic location ensures maximum visibility and foot traffic. The property includes approximately 35 parking spaces and multiple ingress/egress points, along with pylon signage. The asking price is $495,000, translating to $70.21 per square foot. The lease expires December 31, 2025. This property offers a unique chance to acquire a well-situated, sizable retail space in a thriving Lansing commercial area. The spacious layout allows for flexible retail floor plan configurations, catering to a variety of business needs. The building's exterior shows neighborhood character. This is an ideal investment for those seeking a strong return in a dynamic market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $320,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $405,000
- 6.5%
- $420,000
- 7%
- $440,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $405,000
- Geo Method
- $420,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $510,000
- Retail
- $385,000
- Mixed-Use
- $425,000
- Hospitality
- $490,000
- Educational
- $455,000
- Residential Income
- $415,000
- Energy
- $400,000
- Income-Based Land
- $405,000
- Food Service
- $490,000
Location Insight
- Map
- Local Demand
- City
- Lansing
- County
- Ingham
- State
- Michigan
- Longitude
- -84.5476
- Latitude
- 42.7022
- CBSA code
- 29620
- CBSA name
- LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
