- For Sale $1,200,000
- Property Type Retail
- Property Size 13,900 SF
- Lot Size 1.73 Acre
- Property Tenancy Multi-Tenant
- Date Updated Aug 6, 2026
Description
For sale: a well-established neighborhood retail center totaling approximately 13,900 sq ft, located in a high-traffic South Lansing corridor with strong visibility and easy access off Cedar Street. This multi-tenant property is nearly fully leased, with stable income from existing tenants occupying the majority of the suites. The standout feature is the 9,100 sq ft former Dollar General space (previously a high-volume retail anchor), which remains vacant and offers tremendous potential for an owner-user. Ideal for an owner-occupied grocery store — the large, open layout with high ceilings, excellent shelving potential, and a rear overhead loading door supports efficient operations for grocery, fresh produce/meat focus, or similar neighborhood retail concepts. The current owner has conceptual plans to construct and operate a meat market in the former Dollar General space, providing a ready blueprint for a value-add grocery or specialty food retailer. This addition could significantly enhance the center's draw, increase foot traffic for all tenants, and boost overall property value in a dense residential area.
This is a rare chance to acquire a stabilized income-producing retail center with immediate upside through owner-occupancy in the prime vacant space — perfect for a grocery operator, investor seeking cash flow with redevelopment potential, or strategic buyer looking to anchor with a meat market/grocery concept.
- 13,900 sq ft total building size on a generous lot
- Multi-unit retail condominium structure with proven tenancy
- All suites except the former Dollar General currently leased and generating income
- Ample shared parking in the established retail plaza
- Strong demographics supporting everyday essential retail
- Built in 2006 with modern storefront appeal
False
Contacts
RE/MAX Commercial Group
Location
RE/MAX Commercial Group