Financial
Distress signals
Property profile

610 N Cedar St Lansing, MI 48912

FOR SALE
Retail space
Property ID
US43-1789956
6,786 SF 1.17 ac lot Built 2005
Last sale Apr 2005 · $210,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 21-yr Hold Held for 21 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional retail opportunity encompasses 11,175 square feet of available space within a larger 19,157 square foot building situated on a 1.48-acre lot in Mason, Michigan. The property, located at 610 N Cedar St, boasts a prime location near the Cedar Street and US-127 interchange, placing it within a vibrant retail corridor. The space, an end-cap unit, is highly adaptable and can be demised to accommodate various tenant requirements. A convenient drive-thru is available at the rear of…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2020

What does the county charge?
$16k
Tax billed · 2020
Assessed value · 2023$461k
Assessed land$127k
Assessed improvement$334k
Effective rate3.58%

Value estimate

· Sep 2026
$365k
$329k – $402k
CAP approach$945k
Submarket $/SF estimate$692k
NOI build-up
Gross scheduled income$287k
Vacancy & credit loss−$40k
Operating expenses−$74k
NOI · 1,576,272.73% cap applied$173k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$71/SF
Submarket average, outlier-cleaned · 101 recorded sales of this use type
Observed band · Q1–Q3$44 – $102
Qualifying comparables3

Cap rate analysis

How does the asset earn?
1,576,272.73%
$173k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
H LT IN
JurisdictionINGHAM

Location intelligence

Which uses thrive at this corner?
Best fit: Computer & Electronic Repair
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Computer & Electronic Repair10.2
Laundry Service10.0
Tailor Shop10.0

Location

610 N Cedar St Lansing, MI 48912
County assessor Recorded deeds · 2 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1901 Michigan, Lansing, MI 48912-2844 $440,000 Dec 2024 4,059 SF
726 Michigan, Lansing, MI 48912-1435 $90,000 Oct 2024 7,708 SF
3030 Michigan, Lansing, MI 48912-4617 $900,000 Jun 2023 7,475 SF
605 Michigan, Lansing, MI 48912-1180 $300,000 Sep 2020 3,564 SF
402 Homer, Lansing, MI 48912-4610 $450,000 Mar 2019 4,800 SF
154 Larch, Lansing, MI 48912-1112 $325,000 Nov 2018 7,983 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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