Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Residential Land in Laingsburg, MI Title is generated by Realmo AI

    1 Shiawassee Street, Laingsburg, MI 48848

    View on Map
    Claim this Listing
    New
    For Sale
    Contact for pricing

    LAND - Laingsburg, MI

    Lot size:
    1.00 Acre
    Added:
    May 18, 2026
    Days on Market:
    4
    Last Refresh:
    May 21 at 8:06 am

    Property Features for 1 Shiawassee Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    78-022-60-057-000-06
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    PLEASE SEE ASSESORS INFORMATION
    Tax Annual Amount
    641

    We can help!

    Listing Contact
    Lynne VanDeventer

    Listing agent Lynne VanDeventer License #6501128440

    Listing office Coldwell Banker Professionals -Okemos 3695 Okemos Road, Okemos, MI

    Listing date May 18, 2026

    MLS# 296064 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.

    HighLights

    • Opportunity to build a custom home.
    • Walking distance to downtown Laingsburg.
    • Property borders a land reserve, ensuring no future construction on that side.
    • Close proximity to schools and restaurants.
    • Convenient access to I‑69.
    • 15‑minute drive to Michigan State University (MSU).

    Overview

    This is a great opportunity to build a dream home within walking distance of downtown Laingsburg. The available land is close to schools, restaurants, and I-69, and is located 15 minutes from MSU. The property to the north is in a property land reserve, ensuring that nothing will be built there. The lot size is approximately 1 acre.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy Skin Care Clinic Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Laingsburg
    County
    Shiawassee
    State
    Michigan
    Longitude
    -84.345553
    Latitude
    42.890804

    Nearby Similar for Sale

    • $259,500

      Laingsburg Car Wash For Sale

      Turnkey, meticulously maintained 4-bay self-service car wash in prime location.
      114 N Laing Street, Laingsburg, MI 48848
      View Details
    • $220,000

      Secluded 6.6-Acre Parcel

      Secluded 6.6-acre parcel perfect for building a dream home.
      Warner Road, Laingsburg, MI 48848
      View Details
    • $149,900

      Scenic Wooded Land in Laingsburg

      9+ acres of wooded land near I-69 in Laingsburg.
      Colby Lake Road, Laingsburg, MI 48848
      View Details
    • $74,900

      Laingsburg Building Site on Woodbury

      Three acre building site near Scenic Lake Estates.
      Woodbury Road, Laingsburg, MI 48848
      View Details
    • $24,900

      Residential Land in Laingsburg, MI

      Land for sale near downtown Laingsburg, close to amenities.
      4 Shiawassee Street, Laingsburg, MI 48848
      View Details
    • $24,900

      Residential Land in Laingsburg, MI

      Land for sale near downtown Laingsburg, close to amenities.
      3 Shiawassee Street, Laingsburg, MI 48848
      View Details
    • $279,000

      40 Acres of Farmland

      40 acre property near Laingsburg, suitable for farming/recreation.
      VL Fenner Road, Laingsburg, MI 48848
      View Details
    • $165,000
      2,400 SF

      Mixed-Use Property in Downtown Laingsburg

      Fully leased mixed-use property with long-term tenants in downtown Laingsburg.
      252 E Grand River Road, Laingsburg, MI 48848
      View Details
    • $165,000
      1,800 SF

      Laingsburg Mixed-Use Investment Property

      Fully leased mixed-use property in downtown Laingsburg with long-term tenants.
      252 E Grand River Road, Laingsburg, MI 48848
      View Details
    • $49,900

      Laingsburg Acre Building Lot

      One-acre building lot ready for a dream home.
      0 W Doyle, Laingsburg, MI 48848
      View Details
    • $9,000

      Buildable Lot in Laingsburg, MI

      Affordable lot in Laingsburg, close to shops, schools, and parks.
      V/l W 2nd N Street, Laingsburg, MI 48848
      View Details
    • $675,000
      16,902 SF

      Retail Space with High Visibility

      Retail space available for immediate occupancy in high-traffic location.
      7400 Woodbury Rd, Laingsburg, MI 48848
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Land available for building a dream home near downtown.
    Where is this residential land & home lot located?
    The property is located at 1 Shiawassee Street Laingsburg, MI.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Opportunity to build a custom home.; Walking distance to downtown Laingsburg.; Property borders a land reserve, ensuring no future construction on that side.
    (517) 492-3274
    We can help!
    Listing Contact
    Lynne VanDeventer
    Real Estate License ID: 6501128440
    Learn More
    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
    1 Shiawassee Street, Laingsburg, MI 48848
    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!