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    Property profile & analytics
    OFF-MARKET
    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
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    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    BETTY J SPEAKS
    BETTY J SPEAKS
    Zoning & alternative use
    F COMM · Lansing, MI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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