302-306 S Cedar St - Freestanding FOR SALE


Mason, MI 48854
$499,000 USD
517-745-0008
302-306 S Cedar St, Mason, MI for Sale
$499,000 USD
Freestanding - FOR SALE
1/27
null | 8.32% Cap Rate

Aug '26


302-306 S Cedar St
Mason, MI 48854


HIGHLIGHTS

  • Modified Gross Leases with Expense Pass-Throughs
  • Recent Capital Improvements: $47,500 in new HVAC systems (2025)
  • Fully Leased 2-Unit Retail Building
  • ~7,480 Vehicles Per Day traffic count
  • Tenants responsible for utilities, interior maintenance, CAM, and grounds maintenance
  • Short-Term Lease Rollover Creates Upside

OVERVIEW

302–306 S. Cedar Street presents an opportunity to acquire a fully leased, two-unit retail investment in the heart of downtown Mason, Michigan. The property consists of approximately 3,700 square feet situated on 110 feet of frontage along Cedar Street, Mason’s primary commercial corridor, with convenient access to US-127 (Exit 66). The building is occupied by two established local tenants—Ruff Cuts Pet Grooming and Every Day Tobacco—both with strong operating histories and consistent rent payment performance. The leases are structured as modified gross with expense pass-throughs, providing reliable income with limited landlord responsibility. At the asking price of $499,000, the property offers a $41,520 NOI and an attractive 8.32% cap rate, making it a compelling cash-flowing investment in a supply-constrained downtown market. Recent capital improvements include approximately $47,500 in new HVAC systems installed in 2025, significantly reducing near-term capital expenditure risk. With short-term lease rollover, the asset also offers future rent growth or owner-occupant upside, making it well-suited for private investors, 1031 exchange buyers, or owner-users planning future occupancy.

FOR SALE DETAILS

PRICE

$499,000 USD

PRICE/SF

$135 USD /SF

CAP RATE

8.32%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,473 SF

ZONING

C2

APN/PARCEL ID

19-10-08-130-007

ASK ABOUT THIS PROPERTY

Audrey SchultzeXp RealtyMore Info
517-745-0008

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Audrey SchultzeXp RealtyMore Info
517-745-0008

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.