Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Land in Grand Summit Title is generated by Realmo AI

    26 Grand Summit Drive, Fenton, MI 48430

    View on Map
    Claim this Listing
    For Sale
    $89,900

    LAND - Fenton, MI

    Lot size:
    2.32 Acres
    Added:
    Sep 25, 2025
    Days on Market:
    249
    Last Refresh:
    May 31 at 1:06 pm

    Property Features for 26 Grand Summit Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    0415201026
    Lot size
    2.32 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    681

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Jennifer Lasco
    Jennifer Lasco

    Listing agent Jennifer Lasco License #6502402604

    Listing office Lasco Real Estate Group 101 N Adelaide, Fenton, MI

    Listing date Sep 25, 2025

    MLS# 26014428 Listing URL

    Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Large 2.5‑acre wooded lot provides privacy and space.
    • Located in the highly regarded Grand Summit subdivision.
    • Ideal lot for a walkout basement.
    • Public sewer available.
    • Public water source available.
    • Natural gas available.

    Overview

    This 2.32-acre wooded lot is located in the Grand Summit subdivision. The property is suitable for building and offers an ideal setting for a walkout basement.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Accounting Firm Bar & Pub Cafe & Coffee Shop Grocery & Convenience Store Garden Center Nursing Home Nursing Home Restaurant

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fenton
    County
    Genesee
    State
    Michigan
    Longitude
    -83.727387
    Latitude
    42.747263

    Nearby Similar for Sale

    • $1,551,000
      5,184 SF

      Stabilized Multifamily Community in Fenton

      12-unit apartment community with immediate cash flow and growth potential.
      13366 North Rd, Fenton Twp, MI 48430
      View Details
    • $995,000
      1,734 SF

      Restored Fenton Commercial Building

      Renovated 1,734 SF commercial building in Fenton's business district.
      16237 Jennings Road, Fenton, MI 48430
      View Details
    • $58,600

      Residential Land in Whispering Pines

      Residential land for sale in a desirable, established community.
      Hidden Ridge Trail lot: 25, Tyrone Twp, MI 48430
      View Details
    • $224,900

      Lake Fenton Waterfront Land Opportunity

      Rare chance to own property on coveted Lake Fenton!
      WENDELL Drive, Fenton Twp, MI 48430
      View Details
    • $1,300,000
      2,375 SF

      Turnkey Commercial Opportunity in Fenton

      Operating business and real estate for sale in Fenton.
      1, N Leroy St, Fenton, MI 48430
      View Details
    • $2,995,000
      41,790 SF

      Campground and Church Meeting Facility

      Campground and church facility on approximately 30 acres for sale.
      6317 N Old US 23, Fenton, MI, 48430
      View Details
    • $150,000

      Fenton, MI Land For Sale

      2.71 acre commercial land available in Fenton, Michigan.
      23 Grand Summit Drive, Fenton, MI 48430
      View Details
    • $85,000

      Centrally Located Vacant Land Parcel

      Vacant land offering a variety of opportunities in a central location.
      2047 S Long Lake Rd, Fenton, MI 48430
      View Details
    • $74,989

      Fenton Build-Ready Vacant Land

      Nearly half-acre lot ready for construction with utilities available.
      11577 Farmhill, Fenton, MI 48430
      View Details
    • $1,100,000
      1,344 SF

      High-Traffic Corner Commercial Property

      Prime commercial property with high visibility and multiple potential uses.
      11293 Torrey Rd, Fenton, MI 48430
      View Details
    • $2,995,000
      41,790 SF

      Conference Center Campground For Sale

      Conference center and campground with multiple amenities for sale.
      6317 OLD US 23, Tyrone Township, MI 48430
      View Details
    • $135,500

      Land Parcel Near Fenton

      5.42 acre parcel with woods, pond, and building sites.
      VL Tipsico Lake Rd Parcel A, Fenton, MI 48430
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Wooded 2.32-acre lot ideal for walkout basement.
    Where is this residential land & home lot located?
    The property is located at 26 Grand Summit Drive Fenton, MI.
    What is the asking price?
    The asking price for this property is $89,900.
    What are key features of this property?
    This property features: Large 2.5‑acre wooded lot provides privacy and space.; Located in the highly regarded Grand Summit subdivision.; Ideal lot for a walkout basement.
    (248) 840-6059
    We can help!
    Listing Contact
    Jennifer Lasco
    Jennifer Lasco
    Real Estate License ID: 6502402604
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    26 Grand Summit Drive, Fenton, MI 48430
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!