Renovated Commercial Building in Downtown

111 W Genesee St, Lapeer, MI 48446

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For Sale

$699,900

Move-in ready, renovated 4,700 SF commercial building in downtown Lapeer.

Type:Commercial

Property size:

4,700 SF

Price / SF:

$148/SF

HighLights

Fully renovated 4,700 SF commercial building in 2019
Prime downtown Lapeer location with excellent visibility and foot traffic
Updated electrical, HVAC, plumbing, flooring, lighting, and fixtures
Flexible commercial zoning supports a wide range of uses (retail, office, medical, etc.)
Exceptional accessibility to I‑69, M‑24, and major regional corridors
Turnkey property, move‑in ready for investors or owner‑occupants

We can help!

Listing Contact

Robert Spinelli

Learn more

For Sale

$699,900

Move-in ready, renovated 4,700 SF commercial building in downtown Lapeer.

Type:Commercial

Property size:

4,700 SF

Price / SF:

$148/SF

Added:: Apr 27, 2026
Days on Market:: 49
Last Refresh:: Apr 27 at 9:24 am

Property Features for 111 W Genesee St

General Information

Standard status: Active
Size: 4,700 SF
Property subtype: Commercial

We can help!

Listing Contact

Robert Spinelli

Listing agent Robert Spinelli

Listing office NextHome Aegis Properties

Listing date Apr 27, 2026

Source Elliman

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

All listing content including descriptions, pricing, images are the copyrighted material of NextHome Aegis Properties

HighLights

Fully renovated 4,700 SF commercial building in 2019
Prime downtown Lapeer location with excellent visibility and foot traffic
Updated electrical, HVAC, plumbing, flooring, lighting, and fixtures
Flexible commercial zoning supports a wide range of uses (retail, office, medical, etc.)
Exceptional accessibility to I‑69, M‑24, and major regional corridors
Turnkey property, move‑in ready for investors or owner‑occupants

Overview

This is a 4,700 SF commercial building located in downtown Lapeer. The property was fully renovated in 2019 and is move-in ready. It is suitable for retail, office, medical, wellness, tech, or specialty-use businesses. The building is situated on a corner, offering visibility and foot traffic. Updated electrical, HVAC, plumbing, flooring, lighting, and fixtures are featured throughout the property. The location provides accessibility, with proximity to I-69 and M-24. Public and street parking are available nearby. The property has a bike score of 50, indicating it is bikeable, and a walk score of 45, indicating car-dependence.

Local Financial Insights For Healthcare Medical

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$103.2k	$21.96
− Vacancy	−$13.4k	−$2.85
EGI	$89.8k	$19.11
− OpEx	−$35.9k	−$7.64
NOI	$53.9k	$11.46

4,700 SF · lease $21.96/SF/yr · vacancy 13.00% · expense 40.00%

Alternative Uses

Best Use

Healthcare Medical

$769.7K

$673.5K – $898.0K (±1% cap)

NOI $53,877 @ 7.0% cap · market cap 7.70%

Second Best

Retail

$463.0K

$405.2K – $540.2K (±1% cap)

NOI $32,413 @ 7.0% cap · market cap 4.63%

Theoretical Best

—

same as Best Use

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

Location Intelligence

Current Use by Public Records

Storefront properties

Suggested Use

Location Insight

Map
Local Demand

City: Lapeer
County: Lapeer
State: Michigan
Longitude: -83.302454
Latitude: 43.050889

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For sale
Storefront properties
MI
Lapeer
48446
111 W Genesee St

What type of property is this?

Storefront property - Move-in ready, renovated 4,700 SF commercial building in downtown Lapeer.

Where is this storefront property located?

The property is located at 111 W Genesee St Lapeer, MI.

What is the asking price?

The asking price for this property is $699,900.

What are key features of this property?

This property features: Fully renovated 4,700 SF commercial building in 2019; Prime downtown Lapeer location with excellent visibility and foot traffic; Updated electrical, HVAC, plumbing, flooring, lighting, and fixtures