Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    252 E Grand River Rd Laingsburg, MI 48848

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $165,000

    Fully leased mixed-use property with long-term tenants in downtown Laingsburg.

    Property size:
    2,400 SF
    Lot size:
    0.07 Acres

    Property Features for 252 E Grand River Rd

    General Information

    Standard status
    Active
    Size
    2,400 SF
    Lot size
    0.07 Acres

    Building Details

    Year built
    1890

    We can help!

    Listing Contact
    Janice Ruhala
    Janice Ruhala
    Source: Exitrealty

    Listing Agency: Coldwell Banker Professionals -Okemos Listing Agent: Janice Ruhala

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

    Learn more

    Overview

    Mixed-Use Property in Downtown Laingsburg

    Located in downtown Laingsburg, this mixed-use property is fully leased with many long-term tenants. The property has been meticulously maintained and updated by the sellers. It features two 1-bedroom apartments, each approximately 600 sq ft, with rents of $580 per month each as of October 1, 2025. Additionally, the property includes Laingsburg Eye Care, occupying approximately 1200 sq ft, with a monthly rent of $815. The total property size is 2400 sq ft. This turnkey property presents a great opportunity. The property can be sold as a package with two other properties located at 256 & 260 E. Grand River.
    Location Intelligence

    Current Use by Public Records

    Laingsburg Eye Care, ... Physician Marsha A. Brandon, OD Physician

    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
    -84.353372
    Latitude
    42.891039

    Nearby Similar for Sale

    • New
      $145,000
      1,428 SF

      Classic Farmhouse on Spacious Land

      Early 1900s farmhouse on 2.5 acres with large barn.
      6370 W Hibbard Rd, 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
    • $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
    • $850,000
      16,902 SF

      Laingsburg Retail Investment Opportunity

      16,902 SF Retail Building, Vacant
      7400 Woodbury Rd, Laingsburg, MI 48848
      View Details
    • $1,662,000
      23,152 SF

      Laingsburg Town Center: Prime Retail Investment

      Michigan Shopping Center - Value-Add Opportunity
      750 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
    • $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 Mixed-Use Investment Property

      Downtown Laingsburg: Fully Leased, Turnkey
      260 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

    FAQs

    What type of property is this?
    Mixed-use property - Fully leased mixed-use property with long-term tenants in downtown Laingsburg.
    Where is this mixed-use property located?
    The property is located at 252 E Grand River Rd Laingsburg, MI.
    What is the asking price?
    The asking price for this property is $165,000.
    What are key features of this property?
    This property features: - Fully leased mixed-use property in downtown Laingsburg.; - Turnkey property with long-term tenants.; - Meticulously maintained and updated by current owners.
    (517) 881-8064
    Request Owner's contact information
    252 E 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.
    252 E 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 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
    252 E 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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Janice Ruhala
    Janice Ruhala
    Real Estate License ID: 6501206393
    (517) 881-8064 (517) 349-4406
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!