Turnkey Restaurant with
29 W Lapeer Street Peck, MI 48466
29 W Lapeer Street, Peck, MI, 48466
$279,900
For Sale
$279,900
Restaurant space includes a fully equipped commercial kitchen, two bars, and a second-floor 3–4 bedroom apartment.
Property Size3,500 SF
Price / SF$79.97
Days on Market28
Property Features for 29 W Lapeer Street
General Information
- Standard status
- Active
- Size
- 3,500 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 9999
Listing agency
Town & Country Realty-Lexington
(810) 404-3373
Listed by
Angela Wagester · License #6501364122
(810) 404-3373
Source
Phgrealty
Added: Jun 26 Updated: Jul 22 at 3:04AM Checked: Jul 22 at 3:04AM
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 Town & Country Realty-Lexington
Investment Insights
Based on property information with market context.
For sale: a versatile, turnkey restaurant property offering approximately 3,500 sq ft of dedicated dining and service space. The commercial kitchen is fully equipped, and the layout includes two bar areas plus a spacious dining area designed to support in-house service.
The second floor adds residential flexibility with an apartment described as having 3–4 bedrooms, which may suit owner occupancy or other rental use.
Located at 29 W Lapeer Street in Peck Village, the property brings together food-service improvements on the main level and a separate living component upstairs in one package.
The second floor adds residential flexibility with an apartment described as having 3–4 bedrooms, which may suit owner occupancy or other rental use.
Located at 29 W Lapeer Street in Peck Village, the property brings together food-service improvements on the main level and a separate living component upstairs in one package.
Key Highlights
- Approximately 3,500 sq ft commercial restaurant space in Peck
- Fully equipped commercial kitchen designed for restaurant use
- Includes two bar areas and a spacious dining layout
Local Financial Insights For Industrial
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 | $28.1k | $8.04 |
| − Vacancy | −$1.4k | −$0.40 |
| EGI | $26.7k | $7.64 |
| − OpEx | −$8.0k | −$2.29 |
| NOI | $18.7k | $5.35 |
3,500 SF · lease $8.04/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$507.6K
$444.2K – $592.2K
NOI $35,532 @ 7.0% cap · market cap 12.69%
Second Best
Industrial
$267.3K
$233.9K – $311.9K
NOI $18,713 @ 7.0% cap · market cap 6.69%
Theoretical Best
Office A
$743.3K
$650.4K – $867.2K
NOI $52,033 @ 7.0% cap · market cap 18.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Restaurant space includes a fully equipped commercial kitchen, two bars, and a second-floor 3–4 bedroom apartment.
Where is this conventional restaurant located?
The property is located at 29 W Lapeer Street Peck, MI.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: Approximately 3,500 sq ft commercial restaurant space in Peck; Fully equipped commercial kitchen designed for restaurant use; Includes two bar areas and a spacious dining layout
