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Two-Level Mixed-Use Building
For Sale
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Pending

55 W Nepessing St, Lapeer, MI 48446

Two-level building with separate entries, two bathrooms per level, and separate metering options for multiple uses.

Property Size5,000 SF
Days on Market148

Property Features for 55 W Nepessing St

General Information

Standard status Pending
Size 5,000 SF
Property subtype Office

Building Details

Stories 2
Listing Agency: Coldwell Banker Professionals Lapeer
Listed By: Caroline D'Andrea · License #MI 6502417097
Source: Crexi
Added: Apr 11 Changed: Aug 21 Last Checked: Sep 4 at 4:04PM

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 Coldwell Banker Professionals Lapeer

Investment Insights

Based on property information with market context.

This two-level mixed-use building totals 5,000 square feet, with an upper and lower level designed for separate operation. Each level includes two bathrooms. The upper level has most recently been used as office and retail space, while the lower level is currently rented through October.

There are two separate street entries: an upper unit entry on W. Nepessing and a lower unit entry off a large city parking lot on Saginaw St. The W. Nepessing entrance is currently divided to provide separation between levels, and the divider can be removed to create flow between both levels. The building is located between a dentist office and Eighty-Twenty Fitness Club, with Sherwin Williams and Transnation Title Co. across the street and Goodyear nearby.

Utilities are metered separately, with the upper level metered in two sections and the lower level metered separately, creating possibilities of three separate units. Recent improvements include a newer PVC roof and AC unit, along with two furnaces and other AC equipment in working order.

Key Highlights

  • 5,000 SF two‑level downtown Lapeer building, with each level totaling 2,500 SF
  • Separate entrances: upper entry on W. Nepessing and lower entry off the large city parking lot on Saginaw St
  • Two bathrooms per level (4 total), supporting office, retail, or mixed‑use setups

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Electrical Service Grocery & Convenience Store Veterinary Clinic Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

908
Businesses Nearby

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

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Two-level building with separate entries, two bathrooms per level, and separate metering options for multiple uses.
Where is this office units located?
The property is located at 55 W Nepessing St Lapeer, MI.
What are key features of this property?
This property features: 5,000 SF two‑level downtown Lapeer building, with each level totaling 2,500 SF; Separate entrances: upper entry on W. Nepessing and lower entry off the large city parking lot on Saginaw St; Two bathrooms per level (4 total), supporting office, retail, or mixed‑use setups
More about this property
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