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    OFF-MARKET
    Commercial real estate

    101 Laing St, Laingsburg, MI 48848-9369

    0.07 ac lot Built 1920
    Individually Owned 7-yr Hold Free & Clear
    Property ID
    US43-2365502
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1920
    Lot 0.07 ac (3,049 SF)
    APN 022-42-002-001-00
    UPID US43-2365502
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Expert Lawn And Snow LLC Landscaping
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Jake Smith · 7 yrs held
    Jake Smith
    since 2019
    1 recorded transaction
    2019
    $13,500
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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