123 Cedar StWilliamston, MI 48895

Property Details for 123 Cedar St

Year built

1925

Lot size

0.15 AC

Property size (Sq ft)

1,904 SF

Property type

Office properties

Property subtype

Mixed-use properties

Description

This exceptional investment opportunity presents a unique blend of commercial and residential properties situated in the heart of downtown Williamston, Michigan. The property, located at 123-A N. Cedar Road, consists of two buildings on a 0.15-acre lot, offering a total of 1,904 square feet of space. The main building features a versatile layout suitable for a variety of uses, including retail, office, and light industrial applications. Key features include a two-bay garage, ample storage, a main reception area, two offices, and a heated maintenance area. The 12-foot ceilings provide ample headroom. The property is zoned for commercial and residential use. A separate residential building currently generates $1,100 in monthly rental income on a month-to-month lease. The commercial space commands a rental rate of $12 per square foot, plus utilities. The property boasts four parking spaces per unit. Built in 1925, this Class C property offers a strong 8.00% cap rate with a pro-forma NOI of $24,500. The asking price is $305,000. Its convenient location near Grand River Avenue and major highways (M-52 and I-96) provides excellent accessibility. The property's proximity to the Williamston Police Station adds to its desirability. This is an ideal owner-user opportunity or a lucrative investment for those seeking a high-return property in a thriving downtown area. The APN is 33-18-03-36-352-010. The lease commencement date for the commercial space is November 15, 2024.

Location Insight

City

Williamston

County

Ingham

State

Michigan

Latitude

42.6893

Longitude

-84.2811

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].