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    FOR SALE
    Commercial real estate

    252 E Grand River Rd, Laingsburg, MI 48848

    0.07 ac lot Built 1890
    Individually Owned 7-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US43-2045608
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1890
    Lot 0.07 ac (3,049 SF)
    APN 022-40-010-006-00
    UPID US43-2045608
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Laingsburg Eye Care, P.C. Physician
    • Marsha A. Brandon, OD Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Lan Tee Dev · 7 yrs held
    Lan Tee Dev
    since 2018
    3 recorded transactions
    2018
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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