Medical Office with Treatment
New
For Sale
$1,100,000
1178 S Lapeer Road, Lapeer, MI 48446
Commercial Sale, Lapeer, MI
Property Size3,384 SF
Lot Size1.46 Acres
Price / SF$325.06
Days on Market4
Property Features for 1178 S Lapeer Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Com/special use
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Elementary school district
Lapeer
Middle school district
Lapeer
High school district
Lapeer
Directions
From I69 to M-24 north towards downtown Lapeer, just north of Turrill
Standard status
Active
APN
012-640-002-00
Size
3,384 SF
Lot size
1.46 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SEC 7 T7N R10E SUPERVISOR'S PLAT #4 RECORDED IN PLAT LIBER 1, PAGE 91, THE N 125 FT OF LOT 2.
Tax Annual Amount
5436
Legal Description
SEC 7 T7N R10E SUPERVISOR'S PLAT #4 RECORDED IN PLAT LIBER 1, PAGE 91, THE N 125 FT OF LOT 2.
Utilities
Utilities
Natural Gas Available
Sewer type
Septic Tank
Heating system
Forced Air
Cooling system
Central Air
Water source
Well
Amenities
electric fireplaces
custom LED lighting
track lighting
galley kitchen
patio
sliding glass doors
Building Details
Year built
1954
Floors in Building
1
Number of units
1
Building materials
Stucco
Listing Agency:
Howard Hanna Real Estate
(734) 475-3737
Listed By:
Greg Uihlein
(734) 905-0990
Added: Oct 25
Changed: Oct 28
Last Checked: Oct 28 at 7:06PM
MLS# 26056794
Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3,384-square-foot medical office property sits on 1.46 acres and was built in 1954. Its floor plan includes five treatment or consultation rooms, each with a sink, two private offices, two work or storage rooms, and a galley kitchen. A 750-square-foot open area has oversized windows and two sliding glass doors leading to the patio. The building also offers two bathrooms, including one with a shower, along with vinyl plank and tile flooring, electric fireplaces, and LED and track lighting.
The property is near I-69 and downtown Lapeer. Stucco construction, forced-air heating, central air conditioning, a well, and a septic system are among its physical features. The roof, air conditioning system, and two furnaces were updated in 2015. Natural gas is available.
The property is near I-69 and downtown Lapeer. Stucco construction, forced-air heating, central air conditioning, a well, and a septic system are among its physical features. The roof, air conditioning system, and two furnaces were updated in 2015. Natural gas is available.
Key Highlights
- 3,384‑square‑foot building on 1.46 acres
- Five private treatment or consultation rooms, each with a sink
- 750‑square‑foot open area with oversized windows and patio access through two sliding glass doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,791
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$775,820
$775.8K
Cap Rate 7%
$554,157
$554.2K
Cap Rate 9%
$431,011
$431.0K
Market Conditions
NOI Build-Up for 3,384 SF
Gross rent
$74.3K $21.96/SF
− Vacancy
−$9.7K −$2.85/SF
EGI
$64.7K $19.11/SF
− OpEx
−$25.9K −$7.64/SF
NOI
$38.8K $11.46/SF
Area
Lapeer County, MI
Vacancy
13.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$775,820
Cap Rate 7%
$554,157
Cap Rate 9%
$431,011
Alternative Uses
Best Use
Healthcare Medical
$554.2K
$484.9K – $646.5K
NOI $38,791 @ 7.0% cap · market cap 3.53%
Second Best
Office B
$166.4K
$145.6K – $194.2K
NOI $11,649 @ 7.0% cap · market cap 1.06%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
221
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 48446, MI
30,788
Population
12,797
Households
2.4
Avg Household Size
45
Median Age
20%
College-Educated
93%
High-School Grad
121.9 sq mi
ZIP Area
253
Density / Sq Mi
$66,382
Median Household Income
$40,263
Median Earnings
$976
Median Rent
$206,300
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Arborview Veterinary Clinic: Persia Kimber L DVM — 1006 S Lapeer Rd, Lapeer, MI 48446
- Arborview Veterinary Clinic — 1006 S Lapeer Rd, Lapeer, MI 48446
Frequently Asked Questions
What type of property is this?
Medical Office Space - A flexible interior combines private consultation areas, offices, and a naturally bright gathering space.
Where is this medical office space located?
The property is located at 1178 S Lapeer Road Lapeer, MI.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 3,384‑square‑foot building on 1.46 acres; Five private treatment or consultation rooms, each with a sink; 750‑square‑foot open area with oversized windows and patio access through two sliding glass doors
