252 E Grand River Rd, Laingsburg, MI 48848
For Sale
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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 features two one-bedroom apartments, each approximately 600 square feet, currently renting for $550 per month. In addition, a 1200 square foot commercial space, currently occupied by Laingsburg Eye Care, generates a monthly rental income of $790. The building has been meticulously maintained and updated by the long-term owners, showcasing pride of ownership and a history of stable tenancy. Many tenants have enjoyed long-term leases, contributing to consistent rental income. This turnkey property offers immediate cash flow and a strong return on investment. Note that this property can be purchased individually or as part of a larger package including two adjacent properties (MLS #285035 & 285037), presenting an even more significant investment opportunity for a buyer seeking a portfolio expansion in a desirable downtown location. The combined properties offer a compelling opportunity for a substantial and diversified income stream. This is a rare chance to acquire a well-maintained, income-producing property in a thriving downtown setting.
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Laingsburg Eye Care, P.C. Physician
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Marsha A. Brandon, OD Physician
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.