2919 Cedar St, Lansing, MI 48910-3032
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.
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Family Dollar Discount Store
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
J & F · 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.