Your AI Navigator in Commercial Real Estate
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

    260 Grand River Rd Laingsburg, MI 48848

    For Sale
    $165,000

    Downtown Laingsburg: Fully Leased, Turnkey

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional mixed-use property in charming downtown Laingsburg presents a compelling investment opportunity. The building, encompassing approximately 3400 square feet, is currently fully leased, offering immediate cash flow. Two separate units comprise the property. The upper unit, a spacious three-bedroom residence, boasts approximately 1700 square feet, featuring a recently updated kitchen and bathroom (May 2019), new carpet and paint (May 2019), and commands a monthly rent of $1025. The lower unit, occupied by a commercial tenant, also measures approximately 1700 square feet and generates a monthly rental income of $725. The property sits on a 0.07-acre lot. Significant improvements have been made over the years, including rear siding replacement in 2014 and a water heater installation in 2009. The sellers have demonstrated a clear commitment to meticulous maintenance and upgrades, resulting in a property that reflects pride of ownership. This turnkey investment is offered at $165,000 and must be purchased with a companion property (ID 256) due to a shared commercial tenant on the ground floor. Square footage is approximate. This is a rare chance to acquire a stable, income-producing asset in a desirable downtown location.

    Property Features for 260 Grand River Rd

    General Information

    Property type
    Residential income properties
    Lot Size
    3,049 SF

    Building Details

    Year Built
    1890
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Pharmacy Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Laingsburg
    County
    Shiawassee
    State
    Michigan
    Longitude
    -84.35035
    Latitude
    42.88986

    Nearby Similar for Sale

    • $259,500
      0.34 Acres

      Laingsburg Car Wash For Sale

      Turnkey, meticulously maintained 4-bay self-service car wash in prime location.
      114 N Laing St, Laingsburg, MI 48848
      View Details
    • $165,000
      0.07 Acres

      Laingsburg Mixed-Use Investment Property

      Fully leased mixed-use property in downtown Laingsburg with long-term tenants.
      252 E Grand River Rd, Laingsburg, MI 48848
      View Details
    • $1,662,000
      16,902 SF

      Retail Property in Laingsburg, MI

      Retail property with development opportunity in Laingsburg, Michigan.
      750 E Grand River Rd, Laingsburg, MI 48848
      View Details
    • $165,000
      0.07 Acres

      Laingsburg Multi-Family Investment

      Downtown Laingsburg, Fully Leased, Turnkey
      256 Grand River Rd, Laingsburg, MI 48848
      View Details
    • $165,000
      0.07 Acres

      Laingsburg Multi-Family Investment

      Downtown Laingsburg, turnkey investment
      252 Grand River Rd, Laingsburg, MI 48848
      View Details
    • $250,000
      2,552 SF

      Laingsburg Commercial Building

      Downtown Laingsburg commercial building, huge potential.
      101 Laing St, Laingsburg, MI 48848
      View Details

    FAQs

    What type of property is this?
    Residential income property - Downtown Laingsburg: Fully Leased, Turnkey
    Where is this residential income property located?
    The property is located at 260 Grand River Rd Laingsburg, MI.
    What is the asking price?
    The asking price for this property is $165,000.
    (517) 349-4406
    Request Owner's contact information
    260 Grand River Rd Laingsburg, MI 48848
    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.
    260 Grand River Rd
    Laingsburg, MI 48848
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    260 Grand River Rd Laingsburg, MI 48848
    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
    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.