279 N Court St, Lapeer, MI 48446
Two-level building with potential for two units in downtown Lapeer.
- Added:
- Mar 11, 2026
- Days on Market:
- 118
- Last Refresh:
- Jul 2 at 8:18 am
Property Features for 279 N Court St
General Information
- Standard status
- Active
- Size
- 2,600 SF
- Lot size
- 0.11 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1968
Listing office Realty Executives Main Street, LLC (810) 728-6417
Listing date Mar 11, 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 Realty Executives Main Street, LLC
HighLights
- Significant business opportunity in a historically relevant building.
- Potential for conversion into a two‑unit building.
- Over 2,600 sq ft of total space across two levels.
- Handicap accessible entry on the lower level.
- River and park views from the upper level.
- Close proximity to downtown Nepessing St.
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
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.
| 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lapeer
- County
- Lapeer
- State
- Michigan
- Longitude
- -83.3074
- Latitude
- 43.0473
