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    256 Grand River Rd Laingsburg, MI 48848

    For Sale
    $165,000

    Downtown Laingsburg, Fully Leased, Turnkey

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional investment opportunity presents a fully leased, mixed-use property situated in the charming downtown area of Laingsburg, Michigan. The property encompasses a 0.07-acre lot and includes two distinct income-generating units. The first unit is a spacious three-bedroom apartment, approximately 1700 square feet, boasting recent updates including a remodeled bathroom (2015) and new carpeting (2018). This apartment commands a monthly rent of $900. The second unit, currently occupied by Spirit Expressions Dance, offers approximately 1900 square feet of commercial space and generates a monthly rent of $725. The building has been meticulously maintained and updated by the long-term owners, evident in the pride of ownership reflected throughout. Significant improvements include a new furnace and AC unit (September 2019), a roof replacement (March 2021), and rear siding replacement (2014). The property is being sold as a package with the adjacent property at 260 E Grand River Road due to a shared commercial tenant on the first floor. This turnkey investment offers a strong return on investment with long-term tenants in place, making it an ideal addition to any portfolio. Note that square footage is approximate.

    Property Features for 256 Grand River Rd

    General Information

    Property type
    Residential income properties
    Lot Size
    3,049 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Raymond James Financial ... Investment Service Spirit Expressions Studio Dance School

    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
    -84.35046
    Latitude
    42.88988

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    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 256 Grand River Rd Laingsburg, MI.
    What is the asking price?
    The asking price for this property is $165,000.
    (517) 349-4406
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    256 Grand River Rd Laingsburg, MI 48848
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    Laingsburg, MI 48848
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    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
    256 Grand River Rd Laingsburg, MI 48848
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