256 Grand River RdLaingsburg, MI 48848

Property Details for 256 Grand River Rd

Year built

1890

Property type

Commercial real estate

APN

022-40-010-003-00

APU

224001000300

Description

This exceptional investment opportunity presents a fully leased, mixed-use property situated in the charming downtown area of Laingsburg, Michigan. The property encompasses a 0.07-acre lot and includes two distinct income-generating units. The first unit is a spacious three-bedroom apartment, approximately 1700 square feet, boasting recent updates including a remodeled bathroom (2015) and new carpeting (2018). This apartment commands a monthly rent of $900. The second unit, currently occupied by Spirit Expressions Dance, offers approximately 1900 square feet of commercial space and generates a monthly rent of $725. The building has been meticulously maintained and updated by the long-term owners, evident in the pride of ownership reflected throughout. Significant improvements include a new furnace and AC unit (September 2019), a roof replacement (March 2021), and rear siding replacement (2014). The property is being sold as a package with the adjacent property at 260 E Grand River Road due to a shared commercial tenant on the first floor. This turnkey investment offers a strong return on investment with long-term tenants in place, making it an ideal addition to any portfolio. Note that square footage is approximate.

Location Insight

City

Laingsburg

County

Shiawassee

State

Michigan

Latitude

42.8899

Longitude

-84.3504

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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