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    35 S Court St Lapeer, MI 48446

    For Sale
    $350,000

    Mixed-use property with apartments and development potential in Lapeer.

    Lot size:
    0.41 Acres

    Property Features for 35 S Court St

    General Information

    Lot size
    0.41 Acres

    Building Details

    Year built
    1930

    Source: Max Broock Realtors Oxford Agent Sarah Jones

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lapeer Mixed-Use Investment Opportunity

    This mixed-use property is located in the heart of Lapeer. Previously operated as a UHAUL and laundromat, the property presents various opportunities. It includes three currently leased apartments. Situated within the Mixed-Use overlay district, the seller received conditional approval in 2024 for a Special Land Use permit for proposed multi-family units within the I-1 District.
    Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lapeer
    County
    Lapeer
    State
    Michigan
    Longitude
    -83.307603
    Latitude
    43.050477

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with apartments and development potential in Lapeer.
    Where is this mixed-use property located?
    The property is located at 35 S Court St Lapeer, MI.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: - Mixed-Use Overlay District Location: Offers diverse development possibilities.; - Approved for Multi-Family Units: Seller obtained conditional approval in 2024 for special land use.; - Existing Income from Apartments: Features 3 currently leased apartments providing immediate revenue.
    (248) 941-8180
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    35 S Court St Lapeer, MI 48446
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