3500 Cedar StLansing, MI 48910

Property Details for 3500 Cedar St

Year built

1987

Lot size

3.51 AC

Property size (Sq ft)

33,106 SF

Zone code

F COMM

Property type

Community centers

APN

33-01-01-33-203-304

APU

33010133203304

Description

This exceptional 1,200 square foot single-tenant office space is located at 3500 S Cedar St, Lansing, MI 48910, within the Everette Plaza complex. The property, built in 1987, sits on 6.21 acres and is zoned MX-3 DISTRICT MIXED USE C (APN: 01-01-33-203-304, Ingham County). The single-story building offers convenient access and ample parking directly facing Cedar Street. This high-visibility location benefits from a prominent street sign with space for business signage, ensuring excellent exposure. The property's strategic location at the intersection of Cedar and Holmes Road places it amongst established businesses including the Capital Area District Library, Tacos' E Mas, Averheath, Community Mental Health, and Luminosity Nails, creating a vibrant and thriving commercial environment. This traditional office space presents a unique opportunity for businesses seeking a well-situated and easily accessible location in a bustling Lansing commercial hub. The property features a total building square footage of 1,200 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $3,044,434

  6.5%

  $2,810,247

  7%

  $2,609,515

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,803,773

  Geo Method

  $7,803,773

• Alternative Use

  Use

  Valuation

  Residential

  $2,370,548

  Hospitality

  $2,171,410

  Educational

  $1,806,587

  Medical

  $1,868,718

  Retail

  $2,810,247

Location Insight

City

Lansing

County

Ingham

State

Michigan

Latitude

42.6964

Longitude

-84.5483

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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