306 S Cedar Street, Mason, MI 48854
sale
$499,000
|
Other
Courtesy Of eXp Realty
811 N. Main St., Royal Oak, MI 48067
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.
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.
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Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Exterior Type: Brick
- Exterior Type: Block
- Legal Description: COM N 1/4 SEC 8, S 834 FT, W 33 FT TO POB, S 110 FT, W 297 FT, N36.5 FT, E 165 FT, N 73.5 FT, E 132 FT TO POB NE 1/4 OF NW 1/4 , SEC 8 T2N R1W CITY OF MASON, INGHAM CO. 0.47 ACRES
- MLSID: 20261000931
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