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    7127 Grand River Saranac, MI 48881

    View on Map
    For Sale
    Under Contract
    $364,900

    1 Story, Duplex - Saranac, MI

    Type:Duplex
    Property size:
    1,728 SF
    Lot size:
    1.50 Acres
    Added:
    Mar 24, 2026
    Days on Market:
    14
    Last Refresh:
    Apr 6 at 9:06 pm

    Property Features for 7127 Grand River

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Property condition
    New Construction
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Patio and Porch features
    Porch
    Interior features
    Cathedral/Vaulted Ceiling
    Exterior features
    Porch
    Appliances
    Dishwasher, Dryer, Freezer, Range, Refrigerator, Washer, Water - Softener
    Standard status
    Active Under Contract
    APN
    020-026-000-005-33
    Size
    1,728 SF
    Lot size
    1.50 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Utilities

    Heating system
    Electric (Heating), Hot Water (Heating), Zoned (Heating)
    Cooling system
    Wall/Window Unit(s)
    Water front features
    Lake/River Access, Lake/River Access

    Building Details

    Year built
    2025
    Floors in Building
    1
    Number of units
    2
    Architectural style
    Other

    We can help!

    Listing Contact
    Jonathan Minerick
    Jonathan Minerick

    Listing agent Jonathan Minerick License #6502431542

    Listing office HomeCoin.com N8789 Bush Lake Rd, San Diego, MI

    Listing date Mar 24, 2026

    MLS# 50202341 Listing URL

    Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Unique Duplex Near I-96

    Located just south of Saranac, MI, this unique duplex features two completely separate homes on a 1.5-acre lot. Each of the two units contains 2 bedrooms and 1 bathroom within its 864 square feet. Constructed without shared walls, the design ensures full privacy between the residences. Both units are newly built and furnished, featuring metal siding and roofing for durability. The all-electric appliances are energy efficient, eliminating the need for propane. Each home includes large bedrooms, tiled bathrooms with stacked washer/dryer units, stainless steel kitchen appliances, and independent water heaters and softeners. A cozy front porch with bed swings offers a place to relax and enjoy the sunset. The property is set back from the main road, with thick trees providing privacy. A small lake is located just behind the houses with easement access. Situated only a mile from I-96, the property offers convenient access to Grand Rapids (20 minutes away) and Lansing (40 minutes away). The identical mirror-image houses offer flexibility for either living in one and renting the other, or renting both. The yard will be seeded with grass by the sellers when weather permits.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Building Supply Big Box & Wholesale Store Gym & Fitness Center Garden Center Electronics & Wireless Store Mobile Phone Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Saranac
    County
    Ionia
    State
    Michigan
    Longitude
    -85.21591
    Latitude
    42.885983

    Nearby Similar for Sale

    • $219,900
      2,640 SF

      Downtown Saranac Mixed-Use Building

      Mixed-use building with retail and residential income potential.
      75 N Bridge Street, Saranac, MI 48881
      View Details
    • $364,900
      1,728 SF

      Unique Duplex Near Saranac, MI

      Two separate, furnished homes on one large lot near I-96.
      7127 Grand River Ave, BostonTownship_Ionia, MI 48881
      View Details

    FAQs

    What type of property is this?
    Duplex - Two separate, furnished homes on 1.5 acres near Grand Rapids.
    Where is this duplex located?
    The property is located at 7127 Grand River Saranac, MI.
    What is the asking price?
    The asking price for this property is $364,900.
    What are key features of this property?
    This property features: Two brand new, fully furnished 2‑bed, 1‑bath homes on a 1.5‑acre lot, ensuring privacy.; Durable, low‑maintenance metal siding and roofing, with energy‑efficient all‑electric appliances.; Conveniently located in a peaceful country setting, just a mile from I‑96.
    (888) 400-2513
    We can help!
    Listing Contact
    Jonathan Minerick
    Jonathan Minerick
    Real Estate License ID: 6502431542
    Learn More
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    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
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