5920 Cedar StLansing, MI 48911

This 1,200 square foot freestanding restaurant building, situated at 5920 S Cedar St in Lansing, Michigan, presents a unique investment opportunity. Built in 1963, the single-story structure sits on a lot zoned for commercial use (F) and parking (J, in the rear). The property boasts 42.7 feet of frontage along Cedar Street, just north of the Miller Road intersection, offering excellent visibility and accessibility. Currently operating at 100% occupancy as a single-tenant QSR/fast food establishment, the lease is a modified type with one year remaining. The asking price is $130,000, translating to $108.33 per square foot. A significant advantage is the inclusion of annual billboard income of $1,980, secured by a 10-year lease extending until July 21, 2029. The property's location across from a Meijer store further enhances its appeal and potential for continued success. The property's APN is 33-01-05-04-479-011. This is an exceptional opportunity to acquire a well-located, income-generating commercial property in a thriving area. The property is available for sale or lease.