610 Cedar StLansing, MI 48912

Property Details for 610 Cedar St

Year built

2005

Lot size

1.17 AC

Property size (Sq ft)

6,786 SF

Zone code

H LT IN

Property type

Retail space

APN

33-01-01-16-226-022

APU

33010116226022

Description

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 the vacant space. Lease rates are competitive, with Suite A or B individually priced at $15.00 per square foot, triple net (NNN), and Suites A & B combined at $12.00 per square foot, NNN. Excellent visibility is ensured with available pylon and window signage opportunities. The property benefits from strong co-tenancy with Advance Auto Parts and Won Ton Chinese Carry Out Restaurant. Furthermore, it enjoys close proximity to a variety of major retailers, including Biggby Coffee, City Limits Bowling Center & Sports, Taco Bell, McDonald's, Big Boy, A&W Restaurant, Arby's, Hungry Howie's Pizza, Little Caesar's, Asian Taste, Marco's Pizza, and Ace Hardware. The property's Ingham County location (APN: 33-19-10-05-327-016) and Commercial Improved zoning make it an ideal investment for businesses seeking high visibility and convenient access in a thriving retail environment. The property is zoned Commercial Improved.

• CAP approach

  CAP return

  Valuation

  6%

  $624,042

  6.5%

  $576,039

  7%

  $534,893

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,599,601

  Geo Method

  $1,599,601

• Alternative Use

  Use

  Valuation

  Residential

  $485,910

  Hospitality

  $445,091

  Educational

  $370,311

  Medical

  $383,046

  Retail

  $576,039

Location Insight

City

Lansing

County

Ingham

State

Michigan

Latitude

42.7401

Longitude

-84.5457

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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