2132 Cedar StHolt, MI 48842

For Sale
$299,900

Multi-use building, high rental income potential.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional commercial property, located at 2132 Cedar Street in Holt, Michigan, presents a unique investment opportunity. The 0.36-acre lot features a substantial building with over 2,500 square feet of above-ground space, currently divided into five lease spaces with potential for a sixth. The upper level boasts two full bathrooms and convenient front and back access, including wheelchair accessibility. The lower level includes a sizable storage area, also accessible from both the front and back, and a two-bedroom apartment complete with a full kitchen, bathroom, and laundry facilities—currently leased. Two additional sheds provide ample storage. Recent upgrades include two new gas furnaces (2018), a new roof and eavestroughs (2022), and three new air conditioning units (2024). The parking lot was also redone in 2018. Three leases are currently in place, ensuring immediate revenue generation for the new owner. The property includes a total of two full baths, two half baths, and a separate shower. Zoned Town Center, this property allows for both residential and commercial use, offering significant cost savings. Its prime location between Aurelius and Holt Roads, along with prominent road signage, ensures high visibility. This well-maintained building offers abundant parking and represents a compelling investment opportunity with strong rental income potential.

Highlights

  • Exceptional investment opportunity: 2,500+ sq ft building on a 0.36-acre lot in Holt, MI.
  • Five lease spaces (potential for six), plus a leased two-bedroom apartment with full kitchen and bath.
  • Recent upgrades: new roof (2022), HVAC (2018 & 2024), parking lot (2018).
  • Three existing leases provide immediate income; ample storage including two sheds.
  • High visibility location on Cedar St., between Aurelius & Holt Rds., zoned Town Center (residential & commercial use).

Property Details for 2132 Cedar St

Property type
Other specialty properties, Other land
Lot Size (sq. ft)
15,682 SF

Location Insight

City
Holt
County
Ingham
State
Michigan
Latitude
42.6445237
Longitude
-84.5193721
2132 Cedar St, Holt, Michigan

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2132 Cedar St
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