Commercial $ 499,000

306 S Cedar ST

Mason, MI 48854

  • 3,700 SqFt
  • 0.47 Lot Size
  • 1973 Year Built
Fully leased 2-unit retail strip center located in the heart of downtown Mason on high-visibility S. Cedar Street. This well-maintained 3,700 SF commercial property features two established tenants—Every Day Tobacco and Ruff Cuts Pet Grooming—both with strong operating histories and a high likelihood of lease renewal.

The property offers 110 feet of road frontage, excellent daily traffic counts (approx. 7,480 vehicles per day), and convenient access to US-127 (Exit 66) just minutes away. Zoned C-2, the site sits on a 20,530 SF lot with on-site parking and a walkable downtown location.

Recent capital improvements include approximately $46,000 in new HVAC systems installed in 2025, reducing near-term maintenance and capital expense exposure. With a $41,520 NOI and an attractive 8.32% cap rate, this is a strong turnkey investment with stable cash flow and upside potential at lease renewal.

Ideal for investors seeking reliable income in a growing, supply-constrained downtown market, or for an owner-occupant planning future use at lease rollover.
Listed by EXP Realty Main

PROPERTY DETAIL

  • Key Details

    Property Type Commercial

    Sub Type RealEstateOnly

    Listing Status Active

    Purchase Type For Sale

    Square Footage 3, 700 sqft

    Price per Sqft $134

    Subdivision City/Mason

    MLS Listing ID 20261000931

    Year Built 1973

    Lot Size 0.470 Acres

    Acres 0.47

    Property Sub-Type RealEstateOnly

  • Location

    State MI

    County Ingham

    Area Area11102Mason

  • Building

    Foundation Slab

    Sewer Public Sewer

    Water Other

    New Construction No

  • Interior

    Heating Forced Air

    Cooling Central Air

    Fireplace No

  • Exterior

    View Y/N No

    Garage false

  • Schools

    High Schools Mason

    School District Mason

  • Others

    Senior Community false

    Acceptable Financing Cash, Conventional, Trade1031Exchange

    Listing Terms Cash, Conventional, Trade1031Exchange

    Special Listing Condition ShortSaleNo, Standard

CONTACT

Audrey Schultz
Audrey Schultz

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