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Listed price in listed location currency (USD).
$499,000

000

MLS® 20261000931

  • Key Facts
  • Description
  • Map

Key Facts

Type Other
Levels Commercial Sale
Size 3700 sqft
Garage No
Maintenance Fees 
Taxes $8,643
Days Active 3
Approx. Age 1973
Avg. Price Per Sqft $134
MLS® Number 20261000931

Property Address: 306 S Cedar Street, Mason, MI, 48854

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
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1973
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Jan 8, 2026List Date
$499,000List Price
  • Commute

Commute

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

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