$499,000
Est. payment /mo
3,700 SqFt
Sold on 07/23/2026
306 S Cedar ST Mason, MI 48854
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Key Details
Property Type Commercial
Sub Type RealEstateOnly
Listing Status Sold
Purchase Type For Sale
Square Footage 3,700 sqft
Price per Sqft $94
Subdivision City/Mason
MLS Listing ID 20261000931
Sold Date 07/23/26
Year Built 1973
Lot Size 0.470 Acres
Acres 0.47
Property Sub-Type RealEstateOnly
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.
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
Area Area11102Mason
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Exterior
View Y/N No
Garage false
Building
Foundation Slab
Sewer Public Sewer
Water Other
New Construction No
Schools
School District Mason
Others
Senior Community false
Acceptable Financing Cash, Conventional, Trade1031Exchange
Listing Terms Cash, Conventional, Trade1031Exchange
Special Listing Condition ShortSaleNo, Standard
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Listed by Audrey Schultz of EXP Realty Main
Bought with EXP Realty Main
Bought with EXP Realty Main
NEARBY SCHOOL & BUSINESS
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