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

    1302 W Lyons St Mount Pleasant, MI 48858

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $124,900

    Licensed duplex with long-term tenants near schools and downtown.

    Lot size:
    0.40 Acres

    Property Features for 1302 W Lyons St

    General Information

    Lot size
    0.40 Acres

    Building Details

    Year built
    1900

    Source: DOUGLAS DAY PROPERTY GROUP Agent Keith D Cotter

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Duplex on Double Lot

    This licensed duplex is situated on a double lot and features a 3-bedroom, 1-bath unit on the main floor, currently leased until August 2026 at $750 per month to a long-term tenant. The second floor houses a 2-bedroom, 1-bath unit, recently leased at $720 per month until June 2026. The property boasts neutral paint and carpet throughout, along with updated appliances and fixtures. An unfinished basement provides storage space and includes washer and dryer hookups. This property presents an opportunity for either owner occupancy or continued use as an investment property with cash flow. It is located within walking distance of elementary and middle schools, as well as downtown and nearby parks. The property has separate gas and electric meters, but a shared water meter. Lawncare is provided by the landlord.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Pleasant
    County
    Isabella
    State
    Michigan
    Longitude
    -84.79171
    Latitude
    43.601955

    Nearby Similar for Sale

    • $359,000
      6,120 SF

      Mt Pleasant Commercial Property

      6,120 SF commercial building on a half-acre lot.
      1506 W High St, Mt Pleasant, MI 48858
      View Details
    • $2,100,000
      24,000 SF

      Mt Pleasant Office Building For Sale

      Two-story commercial office building with ample parking in Mt Pleasant.
      2600 Three Leaves Dr, Mt Pleasant, MI 48858
      View Details
    • $699,000
      0.22 Acres

      Downtown Mount Pleasant Multifamily Portfolio

      Two multifamily properties in downtown Mount Pleasant near Central Michigan University.
      304 S Main St, Mount Pleasant, MI 48858
      View Details
    • $375,000
      3,725 SF

      Fully Occupied Apartment Complex Investment

      Five-unit multifamily property with long-term tenants and proven rental history.
      501 S University St, Mt Pleasant, MI 48858
      View Details
    • $160,000
      1,399 SF

      Mt Pleasant Duplex Near CMU

      Duplex with rental history, near CMU, downtown, shopping, and parks.
      415 S Franklin St, Mt Pleasant, MI 48858
      View Details
    • $189,900
      2,434 SF

      Duplex Near Central Michigan University

      Desirable rental property near CMU with immediate income.
      805 S Douglas St, Mount Pleasant, MI 48858
      View Details

    FAQs

    What type of property is this?
    Duplex - Licensed duplex with long-term tenants near schools and downtown.
    Where is this duplex located?
    The property is located at 1302 W Lyons St Mount Pleasant, MI.
    What is the asking price?
    The asking price for this property is $124,900.
    What are key features of this property?
    This property features: - Licensed duplex providing immediate rental income from two units.; - Long-term tenants in place with leases extending to 2026.; - Double lot and unfinished basement offer potential for expansion or storage.
    (989) 400-6215
    Request Owner's contact information
    1302 W Lyons St Mount Pleasant, MI 48858
    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.
    1302 W Lyons St
    Mount Pleasant, MI 48858
    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
    1302 W Lyons St Mount Pleasant, MI 48858
    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.