750 Cedar St Lansing, MI 48906-5203
Property profile & analytics
750 Cedar St, Lansing, MI 48906-5203
- Retail space
- 5,964 SF
- 0.75 lot acres
Property ID
US43-1180409
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Biggby Coffee / Cafe & Coffee Shop
- Central Lansing Nutrition / Cafe & Coffee Shop
Property Details for 750 Cedar St
- Year built
- 2005
- Lot size
- 0.75 lot acres
- Zone code
- D-1 PRO
- Property type
- Retail space
- APN
- 33-01-01-09-480-002
- APU
- 33010109480002
Description
This Lansing, MI shopping center presents a compelling value-add opportunity. The 5,964 square foot, single-story building, constructed in 2005, sits on a 0.75-acre lot and features 40 parking spaces. Currently operating at 30% occupancy with two tenants, the property offers 4,200 square feet of net rentable space, divisible into 1,500 and 2,700 square foot units. A strong anchor tenant, Bigby Coffee with a drive-thru, generates significant traffic. The property is zoned commercial and benefits from its proximity to Lansing's state capitol, Lansing Center, Lansing Community College, and Cooley Law School. Adjacent land (approximately 1.37 acres) is also available for purchase, currently generating $12,000 annual revenue via an easement agreement. The asking price is $675,000 ($113.18/sq ft). This property is ideal for quick-service restaurants, daytime service businesses, medical offices, or other retail establishments. The former 1,500 square foot Herbalife space is ready for immediate build-out. The property's APN is 33-01-01-09-480-002 & 33-01-01 09-480-062. This is a Class B, multi-tenant property with five units in total.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $900,000
- 6.5%
- $830,000
- 7%
- $770,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $469,000
- AI Estimate
- $702,000
Market price range: $181k - $470kMarket price range: $266k - $703k -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $520,000
- AUTO REPAIR, GARAGE
- $510,000
- MEDICAL BUILDING
- $505,000
- OFFICE BUILDING
- $500,000
- NEIGHBORHOOD: SHOPPING CENTER
- $385,000
- INDUSTRIAL (GENERAL)
- $375,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Lansing
- County
- Ingham
- State
- Michigan
- Longitude
- -84.546
- Latitude
- 42.7422
- CBSA code
- 29620
- CBSA name
- LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$22,390
$81,700
$228,800
$310,500
-
$163,400
$457,600
$621,000
