Property profile

260 Grand Riv Rd Laingsburg, MI 48848

OFF-MARKET
Commercial real estate
Property ID
US43-2269069
0.07 ac lot Built 1890
Individually Owned 7-yr Hold Absentee Owner ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional mixed-use property in charming downtown Laingsburg presents a compelling investment opportunity. The building, encompassing approximately 3400 square feet, is currently fully leased, offering immediate cash flow. Two separate units comprise the property. The upper unit, a spacious three-bedroom residence, boasts approximately 1700 square feet, featuring a recently updated kitchen and bathroom (May 2019), new carpet and paint (May 2019), and commands a monthly rent of $1025. The lower unit, occupied by a commercial tenant, also measures approximately 1700 square feet and generates a monthly rental income of $725. The property sits on a 0.07-acre lot. Significant improvements have been made over the years, including rear siding replacement in 2014 and a water heater installation in 2009. The sellers have demonstrated a clear commitment to meticulous maintenance and upgrades, resulting in a property that reflects pride of ownership. This turnkey investment is offered at $165,000 and must be purchased with a companion property (ID 256) due to a shared commercial tenant on the ground floor. Square footage is approximate. This is a rare chance to acquire a stable, income-producing asset in a desirable downtown location.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1890
Lot 0.07 ac (3,049 SF)
APN 022-40-010-004-00
UPID US43-2269069

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

260 Grand Riv Rd Laingsburg, MI 48848-8600
Laingsburg metro Census 31401 LANSING-EAST LANSING, MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$70k

Owner & transaction history

since 2018
3 recorded transactions
2018
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 260 Grand Riv Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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