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    OFF-MARKET
    Grocery and convenience stores

    2919 Cedar St, Lansing, MI 48910-3032

    7,050 SF 0.5 ac lot Built 1965
    Individually Owned Free & Clear
    Property ID
    US43-1528460
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Grocery and convenience stores
    Use group GROCERY, SUPERMARKET
    Year built 1965
    Total area 7,050 SF
    Lot 0.5 ac (21,911 SF)
    Zoning code J & F
    APN 33-01-01-28-433-032
    UPID US43-1528460
    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
    Current use
    Occupant on record · Public records
    • Family Dollar Discount Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
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    Owner & transaction history
    Matthew Underwood
    Matthew Underwood
    since 2026
    5 recorded transactions
    2026
    2015
    2013
    2005
    1969
    Zoning & alternative use
    J & F · Lansing, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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