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.
Courtesy: Howard Hanna Real Estate Executives
517-657-9100
WOW! What a great investment opportunity downtown Mason in the Historical District! Potential DDA Grant Money available for Esthetic and Structural improvements & Ingham County Housing Commission grant money to improve rental units. Buyer to do own research on what's available. New roof on front building 2022, rear building roof new 2023. Newer windows. Building total square footage is 4,204. First level of the building is a 1,452 sq ft retail space that is currently occupied with a month-to-month flower shop tenant, full basement for storage for retail unit. Back of the building is a 1,300 sq. ft warehouse with basement space, not under any lease. The second level of the building is 1,452 sq ft and holds 3 rental units. Unit A: Vacant, 1 bed 1 bath with potential rental rate of $700+. Unit B: Occupied Efficiency unit, 0 bed, 1 bath on one year lease through 4/26 at $550/mo, landlord pays utilities. Unit C: Vacant, 2 bed 1 bath with potential rental rate of $800+/mo. Seller willing to finish certain electrical upgrades with full price offer
Mason is located in Michigan. Mason, Michigan has a population of 8,307. Mason is more family-centric than the surrounding county with 33.02% of the households containing married families with children. The county average for households married with children is 28.45%.
The median household income in Mason, Michigan is $70,493. The median household income for the surrounding county is $58,226 compared to the national median of $69,021. The median age of people living in Mason is 39.7 years.
The average high temperature in July is 82.2 degrees, with an average low temperature in January of 16.8 degrees. The average rainfall is approximately 34 inches per year, with 43.6 inches of snow per year.
