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$499,000

Pending

3 months ago

306 S Cedar St, Mason, MI

House

MLS® 20261000931

0 Bed

0 Bath

3700 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size 3700 sqft
Garage 
Taxes $8,643
Lot Size 
Approx. Age 1973
Avg. Price Per Sqft $134
MLS® Number 20261000931

Property Address: 306 S Cedar St, Mason, MI, 48854-1435

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number20261000931
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1973
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
-Sold Price

Pending

Jan 8, 2026List Date
$499,000List Price
-End Date
Not Sold YetSold Price

For Rent

Mar 17, 2026List Date
$1,700List Price
  • Commute

Commute

Starting Address
Destination Address
306 S Cedar St, Mason, MI

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