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306 S Cedar St

mason, MI 48854

$499,000

  • Contract signed

Interested? Let's Connect

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.

Details

3,700 Sq Ft

0.47 Private Acres Lot Size

commercial

$8,643 Annual Tax

Built in 1973

MLS/Listing ID 20261000931

Amenities & Features

Heating - Forced Air

Slab

Cooling - Central Air

Construction - Block

Construction - Brick

Interested In 306 S Cedar St?