252 Grand River RdLaingsburg, MI 48848

Property Details for 252 Grand River Rd

Year built

1890

Lot size

0.07 AC

Property type

Commercial real estate

APN

022-40-010-006-00

APU

224001000600

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 features two one-bedroom apartments, each approximately 600 square feet, currently renting for $550 per month. In addition, a 1200 square foot commercial space, currently occupied by Laingsburg Eye Care, generates a monthly rental income of $790. The building has been meticulously maintained and updated by the long-term owners, showcasing pride of ownership and a history of stable tenancy. Many tenants have enjoyed long-term leases, contributing to consistent rental income. This turnkey property offers immediate cash flow and a strong return on investment. Note that this property can be purchased individually or as part of a larger package including two adjacent properties (MLS #285035 & 285037), presenting an even more significant investment opportunity for a buyer seeking a portfolio expansion in a desirable downtown location. The combined properties offer a compelling opportunity for a substantial and diversified income stream. This is a rare chance to acquire a well-maintained, income-producing property in a thriving downtown setting.

• CAP approach

  CAP return

  Valuation

  6%

  $591,546

  6.5%

  $546,042

  7%

  $507,039

• Comparable approach

  Method

  Valuation

  Relative Method

  $285,203

  Geo Method

  $285,203

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,060,800

  Retail / Commercial

  $546,757

  Mixed-Use / Specialty

  $547,004

  Hospitality / Lodging

  $404,179

  Office

  $546,042

  Institutional / Educational

  $569,449

  Residential Income

  $666,255

  Multifamily

  $786,896

  Automotive / Energy

  $488,099

  Parking / Income-Based Land

  $166,267

  Restaurant / Food Service

  $289,188

  Healthcare / Senior Housing

  $558,691

Location Insight

City

Laingsburg

County

Shiawassee

State

Michigan

Latitude

42.8899

Longitude

-84.3505

CBSA code

29620

CBSA name

LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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