Lapeer Commercial Building For
279 N Court Street, Lapeer, MI 48446
Real Estate Only - Lapeer, MI
Property size:
2,600 SFLot size:
0.11 AcresPrice / SF:
$57/SF- Added:
- Nov 5, 2025
- Days on Market:
- 192
- Last Refresh:
- May 16 at 6:06 pm
Property Features for 279 N Court Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Standard status
- Active Under Contract
- APN
- L200760004000
- Size
- 2,600 SF
- Lot size
- 0.11 Acres
Building Details
- Year built
- 1968
- Floors in Building
- 2
- Building materials
- Brick
- Architectural style
- Other
Listing agent Brandon K Rowley (810) 728-6417
Listing office Realty Executives Main St LLC 1022 S Lapeer Road, Lapeer, MI (810) 667-1700
Listing date Nov 5, 2025
MLS# 20251051619
Listing URL
Copyright © 2026 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Two levels totaling over 2,600 sq ft, offering potential for conversion into a two‑unit building.
- Prime location: short walk to downtown Nepessing St. with views of the river and park.
- Handicap accessible entry on the lower level.
- Includes private offices and bathrooms on the lower level, plus a large open conference area and private office upstairs.
- Ample parking with three city‑owned spots in front and a large city lot across the street.
- Brick construction and built in 1968.
Overview
The retired Lapeer County Register of Deeds building, available for sale for the first time since its construction in 1968, presents a significant opportunity for businesses. The property features a lower and upper level, offering the potential for conversion into a two-unit building. Both levels provide over 2,600 square feet of space. The lower level includes two bathrooms, private offices, and a second handicap accessible entry area on the south side. The upper level features a large open conference area along with an additional private office and views of the river and park across the street. The property is zoned for commercial use and occupies a lot size of 0.11 acres. Three city-owned parking spots are located in front of the building, with a large city-owned parking lot available across the street for additional parking. The building is located a short walk from Nepessing St. downtown in Lapeer, MI.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$99.5K
NOI $8,951 @ 9.00% cap · cautious / downside scenario
Moderate
$127.9K
NOI $8,951 @ 7.00% cap · market / base-case scenario
Aggressive
$179.0K
NOI $8,951 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $15.6k | $6.00 |
| − Vacancy | −$3.7k | −$1.41 |
| EGI | $11.9k | $4.59 |
| − OpEx | −$3.0k | −$1.15 |
| NOI | $9.0k | $3.44 |
2,600 SF · lease $6.00/SF/yr · vacancy 23.50% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$127.9K
$111.9K – $149.2K
NOI $8,951 @ 7.0% cap · market cap 5.97%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$425.8K
$372.6K – $496.7K
NOI $29,804 @ 7.0% cap · market cap 19.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Lapeer
- County
- Lapeer
- State
- Michigan
- Longitude
- -83.307438
- Latitude
- 43.047322
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Two-story commercial building with potential for multiple uses.
Where is this office building located?
The property is located at 279 N Court Street Lapeer, MI.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Two levels totaling over 2,600 sq ft, offering potential for conversion into a two‑unit building.; Prime location: short walk to downtown Nepessing St. with views of the river and park.; Handicap accessible entry on the lower level.
