Prime Lansing Retail Center Changes Hands Near the State Capitol
Lansing, MI (August 29, 2025) – P.A. Commercial is pleased to announce the successful sale of a 5,964-square-foot multi-tenant retail strip center located at 750 N Cedar Street in Lansing, Michigan. The property sold for $612,500 on August 29, 2025.
The transaction was brokered by John DeWald, Principal, and Angelo Zannis, Associate at P.A. Commercial, who represented the seller. The buyer, a private investor, recognized the asset’s strong location and long-term potential for value creation.
Constructed in 2005, the well-maintained center features 40 on-site parking spaces, two convenient curb cuts, and is anchored by a Biggby Coffee with a drive-thru, which generates consistent daily traffic and strong brand visibility. At the time of sale, the building was 30% occupied, with two available suites ranging from 1,500 to 2,700 square feet, offering future upside through lease-up opportunities.
Ideally situated just one mile from Michigan’s State Capitol, the Lansing Center, Lansing Community College, and Cooley Law School, the property benefits from high visibility along a major commercial corridor and close proximity to Downtown Lansing’s dense mix of government, education, and retail uses.
“This sale reflects ongoing investor confidence in well-located retail properties with solid anchors and redevelopment potential,” said John DeWald. “The buyer recognized the long-term value in repositioning a center surrounded by strong traffic drivers and a growing downtown population.”