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Property profile & analytics
OFF-MARKET Estimated value $235,000
Retail space

6020 Cedar St 2 Lansing, MI 48911-5107

2,467 SF 0.24 ac lot Built 1932
Individually Owned Absentee Owner Free & Clear
Property ID
US43-1263302
Property summary
AI-generated overview

This exceptional storefront property, located at 6020 S Cedar St, Lansing, MI 48911, presents a lucrative investment opportunity. The 2,467 square foot building sits on a 0.24-acre lot and boasts 64 feet of frontage on Cedar Street, offering excellent visibility and accessibility. Currently 100% occupied with a lease expiring December 31, 2024 (1 year remaining), this single-tenant property generates a strong return on investment. Built in 1932 and renovated in 2002, the building is well-maintained and zoned F COMM, allowing for a wide variety of retail, restaurant, and professional office uses. Its strategic location in the S Cedar St Retail corridor places it a quarter-mile north of a Meijer, surrounded by other retail, restaurants, and auto service businesses. The property's convenient access to Kaynorth Street further enhances its appeal. The asking price is $150,000, translating to $60.80 per square foot. This is a rare opportunity to acquire a well-located, income-producing retail property in a thriving Lansing commercial district. The property's APN is 33-01-05-04-479-032.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1932
Total area 2,467 SF
Lot 0.24 ac (10,542 SF)
Zoning code F COMM
APN 33-01-05-04-479-032
UPID US43-1263302
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
  • JCJ AUTO SALES LLC Car Dealership
  • Disc Teez Disc Golf Pro Shop (Bike/Boat/Book/etc) Store
  • All American Garage Doors LLC Building Supply General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$235k
Owner & transaction history
BETTY J SPEAKS
BETTY J SPEAKS
Zoning & alternative use
F COMM · Lansing, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source code of ordinances
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