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$499,000
Est. payment /mo
3,700 SqFt
Pending
306 S Cedar Street Mason, MI 48854
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Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
Square Footage 3,700 sqft
Price per Sqft $134
MLS Listing ID 20261000931
Year Built 1973
Annual Tax Amount $8,643
Lot Size 0.470 Acres
Acres 0.47
Lot Dimensions Irregular
Source Realcomp
Property Description
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.
Location
State MI
County Ingham
Zoning Commercial
Direction Take US-127 to Exit 66 (Cedar St / M-36) toward Mason. Turn east onto Cedar St and continue into downtown. 302-306 S Cedar St will be on the right-hand side just before W. Ash St.
Interior
Heating Forced Air
Exterior
View Y/N No
Building
Foundation Slab
Structure Type Brick
Schools
School District Mason
Others
Tax ID 191008130007
Listed by EXP Realty Main
Nearby Locations
