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5735 S Cedar St
Lansing, MI 48911
Retail Property For Sale
Executive Summary
Located at 5735 S Cedar Street in Lansing, MI, this fully leased, three-unit retail building presents a prime commercial investment opportunity in a bustling South Lansing retail corridor. Perfectly positioned just north of the I-96 interchange, the property benefits from high visibility and accessibility, with average daily traffic counts of approximately 25,100 vehicles on S Cedar Street.. The surrounding area is a vibrant retail hub, anchored by major national retailers such as Meijer, Target, and Harbor Freight Tools, drawing consistent consumer traffic. South Lansing’s retail market is thriving, supported by a diverse demographic base of over 120,000 residents within a 5-mile radius, with a median household income of around $50,000 and a strong mix of families, professionals, and students due to proximity to Michigan State University. The property’s stable tenancy, robust traffic patterns, and proximity to high-traffic retail giants make it an attractive, low-risk investment in a dynamic and growing market.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,500 SF
Building Class
C
Year Built
1984
Price
$549,000
Price Per SF
$122
Cap Rate
4.89%
NOI
$26,846
Percent Leased
67%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
0.39 AC
Zoning
F COMM - Commercial
Parking
21 Spaces (6.67 Spaces per 1,000 SF Leased)
Frontage
157’ on S Cedar St
Amenities
- Bus Line
- Pylon Sign
Property Taxes
| Parcel Number | 01-05-04-426-062 | Improvements Assessment | $235,700 |
| Land Assessment | $30,000 | Total Assessment | $265,700 |
Property Taxes
Parcel Number
01-05-04-426-062
Land Assessment
$30,000
Improvements Assessment
$235,700
Total Assessment
$265,700
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