Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7282 E Saginaw Hwy Grand Ledge, MI 48837

    Sponsored
    For Sale
    $2,200,000

    LAND - Grand Ledge, MI

    Lot size:
    46.98 Acres
    Days on Market:
    33
    Last Refresh:
    Jan 30 at 3:06 am

    Property Features for 7282 E Saginaw Hwy

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    23-040-017-100-061-00
    Parking features
    Off Street
    Lot size
    46.98 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Water source
    Public
    Water front features
    Stream

    We can help!

    Listing Contact
    Kenneth Burton
    Kenneth Burton

    Keller Williams Realty (517) 853-1200

    Listing agent Kenneth Burton (517) 242-2000 License #6501414220

    Listing date Dec 29, 2025

    MLS# 290555 Listing URL

    Copyright © 2026 Greater Lansing Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    46 Acres Development Land

    Approximately 46 acres of residential-zoned land are available in Delta Township, Grand Ledge. The property, consisting of three contiguous parcels, offers a large-scale development opportunity in a rapidly growing area. It features frontage and direct access to E. Saginaw Highway, a high-visibility, high-traffic corridor. Delta Township sewer services the site, enhancing development feasibility. The location is near the newly constructed McLaren Hospital Primary Care and Emergency facility, as well as an Urgent Care operated by University of Michigan Health - Sparrow that is under construction. Existing rental homes on the property generate current income, allowing for revenue during planning and entitlement phases. The property is ideal for subdivision, residential development, or phased build-out.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Gym & Fitness Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Grand Ledge
    County
    Eaton
    State
    Michigan
    Longitude
    -84.696308
    Latitude
    42.737296

    Nearby Similar for Sale

    • $184,900

      Well-Maintained Condo in Grand Ledge

      2-bedroom, 1.5-bath condo in a quiet Grand Ledge community.
      918 Timber Crk Dr, Grand Ledge, MI 48837
      View Details
    • $1,350,000
      11,080 SF

      Freestanding Retail Opportunity on Corner

      Freestanding retail building with drive-thru and substantial parking.
      715 S Clinton St, Grand Ledge, MI 48837
      View Details
    • $225,000
      1,571 SF

      Mancino's Grinders and Pizza

      Incredible Business Opportunity!
      914 Charlevoix Dr, Grand Ledge, MI 48837
      View Details
    • $399,000
      1.12 Acres

      Grand Ledge Auto Shop - $399K

      High-exposure auto shop, vacant, great location.
      530 Saginaw Hwy, Grand Ledge, MI 48837
      View Details
    • $1,499,000
      11,080 SF

      Grand Ledge Retail Building - $1.5M

      Vacant Freestanding Retail, High Traffic
      715 Clinton St, Grand Ledge, MI 48837
      View Details

    FAQs

    What type of property is this?
    Land - Prime residential development land in Grand Ledge, Michigan.
    Where is this land located?
    The property is located at 7282 E Saginaw Hwy Grand Ledge, MI.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: - 46 acres of residential-zoned land in a rapidly growing area.; - Frontage and direct access to E. Saginaw Highway (high-visibility, high-traffic).; - Delta Township sewer available, significantly enhancing development feasibility.
    (517) 242-2000
    Request Owner's contact information
    7282 E Saginaw Hwy Grand Ledge, MI 48837
    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.
    7282 E Saginaw Hwy
    Grand Ledge, MI 48837
    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
    7282 E Saginaw Hwy Grand Ledge, MI 48837
    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

    We can help!
    Listing Contact
    Kenneth Burton
    Kenneth Burton
    Real Estate License ID: 6501414220
    (517) 242-2000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.