3 Unit Leased Retail Center For Sale
$549,000
5735 South Cedar Street, Lansing, MI 48911
4.89
Cap Rate
5,311 sqft
Building Size
Details:
Description:
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.
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