306 S Cedar Street, Mason, MI 48854

Property 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.