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Commercial > Retail
Active
4 days ago
List Price
$499,000$135/ft²

306 Cedar St
Mason, MI 48854

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  • 306 Cedar St, Mason, MI 48854 is a 3,700 ft² commercial retail property property built in 1973 on a 0.470 acre lot. This commercial retail property is currently listed for $499,000.

    MLS Description

    The listing agent's description. Original Listing

    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.

    Listing Agents

    The listing agent for 306 Cedar St is Audrey Schultz.

    Current Ownership

    Information about the current owner(s).

    Property History

    306 Cedar St has undefined property events records (listings, deeds, permits, tax, foreclosure, loan).

    Property Events

    Environment

    Environmental factors around 306 Cedar St

    School Information

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    Neighborhood

    This property is located in 48854.

    Market Trends

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    Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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