2513 S. Cedar St

Retail-Commercial for Sale
Also listed as Industrial
Catylist Listing ID: 30163509
Property Subtypes: Convenience Store, Free-Standing Building, Street Retail, Other
Building Size (RSF): 2,730 SF
Gross Building Area: See Agent
Gross Land Area: 0.12 Acres
Sale Price: $139,000
Unit Price: $50.92 PSF
Property Use Type: Vacant/Owner-User
Building Name: Cedar Pharamacy
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/19/2021

Overview / Comments

Seller is motivated, bring all offers. Freestanding retail building on Cedar St., close to McLaren Hospital. The building was renovated in 2015, new ADA restroom, A/C, and water heater were installed during that renovation. Previously operated as a pharmacy and grocery store. The property did have an approved pharmacy license. The building has a full basement that could be used for storage. There is a lift for moving items to and from the basement. The building has 3-phase electricity.

Additional Details

Nearest MSA: Lansing-East Lansing
County: Ingham
Taxing Authority: City of Lansing
Tax ID/APN: 33-01-01-28-287-012
Zoning: F - COMMERCIAL
Market Type: Medium
Retail Clientele: General, Business
Property Located Between: Mt. Hope and Greenlawn
Side of Street: East
Road Type: Paved
Property Visibility: Good
Largest Nearby Street: Cedar St
Traffic/Vehicle Count: 26,000
Transportation: Bus
Site Description: The building has high visibility along Cedar St.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,730 SF
Property Condition: Good
Year Built: 1959
Year Renovated: 2015
Roof Type: Flat
Construction/Siding: Block
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable, DSL
Interior Description: Retail space built out as a pharmacy
Zoning Description: F - Commercial
Water Service: Municipal
Sewer Type: Municipal
Legal Description: LOT 12 EXC W 14 FT ADDMORE PARK

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 15,907 113,658 222,970
Median Age: 34 32.15 33.03
Households: 6,873 45,754 89,001

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