5436 Cedar St, Unit 1 Lansing, MI 48911-3805
- Auto shops
- 2,667 SF
- 1.46 lot acres
Oct 08, 2024
Current Use by Public Records
- RPM Auto Sales / Car Dealer / Auto Parts Store
Property Details for 5436 Cedar St
- Year built
- 1956
- Lot size
- 1.46 lot acres
- Property size
- 2,667 SF
- Zone code
- F COMM
- Property type
- Auto shops
- APN
- 33-01-05-04-251-262
- APU
- 33010504251262
Description
This exceptional 1.46-acre used car lot in Lansing, MI, presents a rare investment opportunity. Boasting 206 feet of frontage and significant depth, the property comfortably accommodates over 200 vehicles, maximizing sales potential. Its strategic location at 5436 S Cedar St, east of S Cedar and south of Redner, ensures high visibility and substantial traffic flow. The property includes two buildings totaling 13,212 square feet. A three-bay garage is conveniently situated adjacent to a sales office, enhancing operational efficiency. A unique feature is a second-floor apartment with two access points and a residential basement, offering versatile use for the owner or potential subleasing opportunities. Built in 1982, the property is zoned specifically for a used car lot, simplifying operations and minimizing regulatory hurdles. The ample parking (200 spaces) caters to both customers and staff. The APN is 010504251262. All measurements are approximate; interested parties are encouraged to conduct their own due diligence.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $280,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $353,000
- AI Estimate
- $315,000
Market price range: $145k - $381kMarket price range: $114k - $315k
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lansing
- County
- Ingham
- State
- Michigan
- Longitude
- -84.5488
- Latitude
- 42.6781
- CBSA code
- 29620
- CBSA name
- LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA