Jolly Cedar Plaza 5015 S Cedar St Local commercial 6 689 m² 63 % Loué À vendre Lansing, MI 48910 2 584 470 € (386,38 €/m²)

Jolly Cedar Plaza is a 72,000-square-foot retail center located at 5015 S Cedar Street at the prime corner of Cedar Street and Jolly Road in Lansing, Michigan. Presents a unique value-add opportunity for both investors and owner/users. This well-established retail center sits on a 7.2-acre lot. It offers a variety of flexible office, retail, and flex/warehouse space, allowing businesses to thrive in a high-traffic, high-visibility environment. The plaza features a strong tenant mix, including anchor tenants like O’Reilly Auto Parts and CSL Plasma, ensuring a steady cash flow, customer base in place, and business synergy. With ample free parking, open layouts, and office configurations that can be tailored to suit various needs, the space offers flexibility for a wide range of businesses.

Strategically located just 2 miles from Interstates 96 and 496, Jolly Cedar Plaza is easily accessible and sits at a signalized intersection with nearly 30,000 daily vehicle counts, providing exceptional exposure. The property is connected to major infrastructure and close to local dining spots, entertainment venues, and government offices. Additionally, the surrounding area features national retailers such as McDonald's and AutoZone, ensuring consistent foot traffic. Lansing is the state capital, and Michigan State University is nearby, so the area attracts a significant number of government employees and students, creating a steady consumer base.

For investors, Jolly Cedar Plaza offers a compelling value-add opportunity. The existing strong tenant base provides stable cash flow, and the vacant space presents the potential for redevelopment or lease-up to increase rental income. The Lansing market is growing, with over 310,000 residents within a 10-mile radius and annual consumer spending reaching $3.7 billion. This creates an attractive environment for businesses looking to tap into a large, diverse customer base. For owner/users, the property offers an excellent opportunity to establish a business in a high-traffic location with great visibility. The flexible spaces can be customized to meet specific business needs, making it an ideal location for retail, professional services, or other business types. Jolly Cedar Plaza offers an exceptional chance to join a high-visibility, well-connected center in a vibrant and growing market.