MI
Ingham
Mason City
48854
306 S Cedar Street
306 S Cedar Street, Mason City, MI 48854
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Listing Type
Commercial/Industrial
Listing Status
Active
27
$499,000

Home Details for 306 S Cedar Street

Price
$499,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
Square feet
3700
Year built
1973
Lot size acres
0.47
County
Ingham
Garage
Days on site
1
MLS Listing#
20261000931
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.

Property Features
  • Cooling Information
    • Central Air
  • Heating Information
    • Forced Air
  • Water Features
    • Other
Listing Courtesy: EXP Realty Main - 888-501-7085
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EXIT AHEAD REALTY
1542 N. Leroy, Suite 2A, Fenton, MI 48430
Office
810 347 5354
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