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    Grass Lake, MI
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    Grass Lake, MI Residential Income Properties for Sale

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    Jackson, MI Michigan Center, MI Chelsea, MI Brooklyn, MI Napoleon, MI Manchester, MI Munith, MI Pleasant Lake, MI
    Restaurant-Bar with Adjacent Residence
    Updated: May 14
    Restaurant-Bar with Adjacent Residence

    12229 Seymour Road, Grass Lake, MI 49240

    $750,000
    5,310 sqft 1.09 AC lot
    Commercial restaurant/bar building: 3,414 SF built in 1993 and remodeled in 2009
    Restaurant/bar features include L‑shaped bar with multiple taps, commercial kitchen with stainless prep lines and hood system, and dining room with flexible table layouts
    Outdoor hospitality amenities include covered patio dining pavilion, picnic seating area, and large outdoor smoker station
    On‑site single‑family residence: 1,896 SF ranch built in 1950 with 2 bedrooms, 2.5 baths, 450 SF basement, and 480 SF attached garage
    Both properties served by well and septic tank; total nearly 2 acres across two parcels (1.086 acres commercial + 0.876 acres residential)
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    This listing looks promising.

    Here's a quick look at some key insights for

    12229 Seymour Road, Grass Lake, MI 49240

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    • Est. Cap Rate

      6.7%
      Above avg (5.9%)

    • Est. NOI

      $50K
      Annual

    • Price @ 7% Cap

      $721K
      Suggested

    • Property Type

      Single Family Residence
      Built 1950
    View Property Analytics
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 1 Active listings in Grass Lake, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Mixed-Use Building with Residential Unit
    Mixed-Use Building with Residential Unit

    2016 E Michigan Avenue, Jackson, MI 49202

    $135,000
    3,264 sqft 0.14 AC lot

    Main level offers an open floor plan with bar top and full bathroom, plus a separate 4-bed/1-bath upstairs unit.

    View details
    Mixed-Use Property with Apartment
    Mixed-Use Property with Apartment

    4946 Page Avenue, Michigan Center, MI 49254

    $274,900
    6,056 sqft 2.63 AC lot

    Former veterinary facility with specialized rooms, kennel space, an apartment, and a separate pole barn on a sizable parcel.

    View details
    Historic Duplex with Private Yard
    Historic Duplex with Private Yard

    113 N Gorham St, Jackson, MI 49202

    $120,000

    Duplex home with original woodwork, high ceilings, a fireplace, covered porch, and a private backyard.

    View details
    Four-Unit Multifamily Investment Opportunity
    Four-Unit Multifamily Investment Opportunity

    5680 Trailer Park Dr, LeoniTownship_, Jackson, MI 49201

    $204,999
    0.95 AC lot

    Four units on one acre with long-term tenants.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    7.6 Acres Prime Development Site
    7.6 Acres Prime Development Site

    Ann Arbor Road, Jackson, MI 49201

    $595,000
    7.60 AC lot

    High-visibility 7.6-acre parcel in Jackson's commercial corridor.

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    Buildable Lots in Grass Lake
    Buildable Lots in Grass Lake

    VL Pinewood Drive, Grass Lake, MI 49240

    $45,750
    0.26 AC lot

    Exceptional lots for custom homes near Grass Lake High School.

    View details
    Development Opportunity Near I-94 Interchange
    Development Opportunity Near I-94 Interchange

    2640 Seymour Road, Jackson, MI 49201

    $3,999,999

    Four parcels near I-94 interchange with potential for multiple uses.

    View details
    Prime Development Land Opportunity
    Prime Development Land Opportunity

    2640 Seymour Road, Jackson, MI 49201

    $3,999,999
    109.37 AC lot

    Exceptional land opportunity near I-94 interchange in Jackson, MI.

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    Off-Market Properties in Grass Lake, MI

    Consider similar Off-Market properties in Grass Lake, MI. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    715 Union St
    Multifamily properties

    715 Union St, Grass Lake, MI 49240

    Value Estimation by Request
    5,200 sqft 7.04 AC lot
    View details

    Grass Lake, MI Residential Income Properties Market Trends and Statistics

    Explore 2 residential income properties for sale in Grass Lake, MI on our real estate platform. These investment opportunities span a total of 5,310 square feet of properties for sale, with an estimated market value of $750,000.

    Sale prices for residential income properties in Grass Lake, MI average $750,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Single family properties 1

    Demographics Overview

    Population 9,206
    Population Growth (5Y) -3.4%
    Median Household Income $95,307
    College Educated 45.1%

    High-Yield Neighborhoods for Investment

    Identify Grass Lake submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49240 $750K

    Taxes & Financing

    Tax Rate (average for all types) 3.71%
    Property Tax per SF $64.01 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Jackson County

    New Delisted

    Total CRE Inventory on Market (SF)

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