Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Grand Riv / Francis Rd Grand Ledge, MI 48837
    Back to Search
    Property profile & analytics

    Grand Riv / Francis Rd, Grand Ledge, MI 48837

    View on Map
    • Land
    • 2.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Grand Riv / Francis Rd

    Lot size
    2.00 lot acres
    Property type
    Land

    Description

    This exceptional 2-acre commercial land parcel presents a remarkable development opportunity in Grand Ledge, Michigan. Located at the highly visible hard corner of West Grand River and Francis Road, this property boasts unparalleled visibility and accessibility. The site is situated directly across from a Love's truck stop, ensuring a consistent flow of high-traffic volume. Its strategic location at the intersection of Highway 69/96 (exit 90) provides convenient access for customers and employees alike. The property is zoned for commercial use, making it ideal for a variety of developments, including retail establishments or fast-food restaurants. With its substantial lot size and prime location, this property offers significant potential for investors seeking a high-return investment. The asking price is $400,000. The parcel number is 150-028-400-024-00. This is a rare opportunity to acquire a highly desirable commercial property in a thriving location with excellent visibility and high vehicle counts. Don't miss out on this chance to capitalize on this prime development opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Grand Ledge
    County
    Clinton
    State
    Michigan
    Longitude
    -84.6644
    Latitude
    42.7862

    Comparable in this City

    • Value Estimation by Request
      63.57 Acres

      St Joe Hwy

      Land
      0 St Joe Hwy, Grand Ledge, MI 48837
      View Details
    • Value Estimation by Request
      15.00 Acres

      7837 Grand River Hwy

      Land
      7837 Grand River Hwy, Grand Ledge, MI 48837
      View Details
    • Value Estimation by Request
      7.47 Acres

      7060 Grand Riv Hwy

      Land
      7060 Grand Riv Hwy, Lansing, MI 48837
      View Details
    • Value Estimation by Request
      71.70 Acres

      7051 Saginaw Hwy

      Farms
      7051 Saginaw Hwy, Grand Ledge, MI 48837
      View Details
    • Value Estimation by Request

      Saginaw Hwy

      Assisted living facilities
      0 Saginaw Hwy, Grand Ledge, MI 48837
      View Details
    • Value Estimation by Request
      0.13 Acres

      Castleton Dr

      COMMERCIAL (GENERAL)
      Castleton Dr, Grand Ledge, MI 48837
      View Details

    Similar Nearby for Sale

    • $3,636,000
      70.63 Acres

      Grand Ledge Land For Sale

      70.63 acre development land in Grand Ledge, Michigan.
      7051 E Saginaw Hwy, Grand Ledge, MI 48837
      View Details
    • $975,000
      15.60 Acres

      Grand Ledge Land For Sale

      15.6 acre land parcel in Grand Ledge, Michigan.
      7837 W Grand River Dr, Grand Ledge, MI 48837
      View Details
    • $3,636,000

      Delta Township Development Opportunity

      71.70-acre parcel in a rapidly growing corridor.
      7051 East Saginaw Hwy, Grand Ledge, MI 48837
      View Details
    • Contact for pricing

      Saginaw Highway Commercial Land

      Commercial land on Saginaw Highway with development potential.
      E Saginaw Hwy, Grand Ledge, MI 48837
      View Details
    • $4,000,000

      Grand Ledge Development Land

      63.57 acres of prime development land for sale.
      Grand, Grand Ledge, MI 48837
      View Details
    • $975,000

      Land Near Truck Stops

      Land with highway access near truck stops and developments.
      7837 West Grand River Hwy, Grand Ledge, MI 48837
      View Details
    Request Owner's contact information
    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.
    Grand Riv / Francis Rd
    Grand Ledge, MI 48837
    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
    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

    Thank You for Inquiry
    Grand Riv / Francis Rd, Grand Ledge, MI, 48837
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!