5015 S Cedar St - Storefront Retail/Office FOR SALE


Lansing, MI 48910- Old Everett
$3,000,000 USD
517-816-1522
5015 S Cedar St, Lansing, MI for Sale
$3,000,000 USD
Storefront Retail/Office - FOR SALE
1/14
null | Request Cap Rate

5015 S Cedar St
Lansing, MI 48910
Old Everett


HIGHLIGHTS

  • Jolly Cedar Plaza is a 72,000-square-foot center on 7.2 acres, offering retail, office, and flex/warehouse space with upside and high visibility.
  • Anchored by O’Reilly Auto Parts and CSL Plasma, the plaza provides stable income, brand synergy, and a solid base of loyal, recurring customers.
  • Just 2 miles from Interstates 96 and 496, the plaza is strategically located at a signalized intersection, with exposure to nearly 30,000 vehicles.
  • Jolly Cedar Plaza offers ample free parking, and customizable layouts cater to a variety of businesses, ideal for retailers or office users.
  • With nearby national retailers, local dining, and entertainment, the Plaza benefits from consistent foot traffic and a steady stream of customers.
  • Situated near Lansing’s government offices and Michigan State University, the property taps into a diverse customer base of professionals and locals.

OVERVIEW

Jolly Cedar Plaza is a 72,000-square-foot retail center located at 5015 S Cedar Street at the prime corner of Cedar Street and Jolly Road in Lansing, Michigan. Presents a unique value-add opportunity for both investors and owner/users. This well-established retail center sits on a 7.2-acre lot. It offers a variety of flexible office, retail, and flex/warehouse space, allowing businesses to thrive in a high-traffic, high-visibility environment. The plaza features a strong tenant mix, including anchor tenants like O’Reilly Auto Parts and CSL Plasma, ensuring a steady cash flow, customer base in place, and business synergy. With ample free parking, open layouts, and office configurations that can be tailored to suit various needs, the space offers flexibility for a wide range of businesses. Strategically located just 2 miles from Interstates 96 and 496, Jolly Cedar Plaza is easily accessible and sits at a signalized intersection with nearly 30,000 daily vehicle counts, providing exceptional exposure. The property is connected to major infrastructure and close to local dining spots, entertainment venues, and government offices. Additionally, the surrounding area features national retailers such as McDonald's and AutoZone, ensuring consistent foot traffic. Lansing is the state capital, and Michigan State University is nearby, so the area attracts a significant number of government employees and students, creating a steady consumer base. For investors, Jolly Cedar Plaza offers a compelling value-add opportunity. The existing strong tenant base provides stable cash flow, and the vacant space presents the potential for redevelopment or lease-up to increase rental income. The Lansing market is growing, with over 310,000 residents within a 10-mile radius and annual consumer spending reaching $3.7 billion. This creates an attractive environment for businesses looking to tap into a large, diverse customer base. For owner/users, the property offers an excellent opportunity to establish a business in a high-traffic location with great visibility. The flexible spaces can be customized to meet specific business needs, making it an ideal location for retail, professional services, or other business types. Jolly Cedar Plaza offers an exceptional chance to join a high-visibility, well-connected center in a vibrant and growing market.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$42 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jolly Cedar Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

undefined, Warehouse, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1962

SPRINKLERS

-

PARKING SPACES

379

LAND DETAILS

LAND ACRES

7.2 AC

LAND SF

313,632 SF

ZONING

F COMM

APN/PARCEL ID

01-01-33-482-043

ASK ABOUT THIS PROPERTY

Jim RundellEyde CompanyMore Info
517-816-1522

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Jim RundellEyde CompanyMore Info
517-816-1522

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