101 Laing StLaingsburg, MI 48848

  • Commercial real estate
  • 0.07 AC
For Sale
$250,000 View listing

Property Details for 101 Laing St

Year built
1920
Lot size
0.07 AC
Property type
Commercial real estate
APN
022-42-002-001-00
APU
224200200100

Description

This exceptional commercial building at 101 N. Laing Street in Laingsburg, MI presents a rare investment opportunity. Spanning 2,552 square feet on a 0.07-acre lot, this C-1 zoned property offers immense potential for various commercial uses. The building boasts a main floor with two open areas ideal for business operations, featuring an 8-foot overhead door, a small office, and closet space. A covered entrance leads to a second floor with high ceilings and significant unfinished space ready for development. The third floor is entirely open, providing a blank canvas for customized build-outs. Recent improvements include a new parking lot created by demolishing an adjacent structure (118 Crum), a privacy fence, new windows, a newer (though unused) pressure tank, structural reinforcements, electrical upgrades (including a 200-amp panel), masonry work, new siding, and exterior painting. The building's location offers convenient highway access and proximity to downtown amenities. While the gas meter has been removed and city sewer is available but not currently connected, the property's substantial size and flexible zoning make it an attractive prospect. Further information regarding potential housing development grants and zoning regulations can be obtained directly from the City of Laingsburg. Detailed development plans and tax increment financing information are available upon request. The sale includes the building and the adjacent parking lot. This is a truly unique opportunity to acquire a versatile commercial property in a thriving downtown location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $597,434
    Hospitality
    $547,247
    Educational
    $455,303
    Medical
    $470,961
    Retail
    $708,249
101 Laing St, Laingsburg, Michigan

Location Insight

City
Laingsburg
County
Shiawassee
State
Michigan
Latitude
42.8914
Longitude
-84.3519
CBSA code
29620
CBSA name
LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$2,006
-
-
$33,700
-
-
-
$67,400

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