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Turnkey Restaurant with Apartment
For Sale
$279,900

29 W Lapeer Street, Peck, MI 48466

COMMERCIAL - Peck, MI

Property Size4,700 SF
Lot Size0.30 Acres
Price / SF$59.55
Days on Market51

Property Features for 29 W Lapeer Street

General Information

Property type Commercial Sale
Property subtype Other
Subdivision Dawsons Add
Standard status Active
APN 071-060-001-004-00
Size 4,700 SF
Lot size 0.30 Acres

Utilities

Water source Public
Listing Agency: Town & Country Realty-Lexington
Listed By: Angela Wagester · License #6501364122
Added: Jun 26 Changed: Aug 4 Last Checked: Aug 15 at 10:06AM
MLS# 50213020

Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This sale offers a turnkey restaurant property configured for food service, featuring a fully equipped commercial kitchen, two bar areas, and a spacious dining layout. The building includes additional second-floor living space with a 3-4 bedroom apartment, which can support owner occupancy or be used as supplemental rental housing.

Located at 29 W Lapeer Street in Peck, Michigan, the property sits on a 0.3-acre lot. The combination of public dining space and private upstairs living creates a single-site setup for an operator who wants to manage both hospitality and residence under one roof.

For buyers seeking a restaurant-ready environment, the existing kitchen and dining configuration can reduce the need for initial build-out. The upstairs apartment adds a practical alternative to purely commercial use by supporting either on-site living or income from a residential unit. This property is well suited for an owner-operator or a buyer looking for a mixed-use restaurant and living arrangement in a single purchase.

Key Highlights

  • Approximately 3,500 SF versatile commercial space in the heart of Peck
  • Fully equipped commercial kitchen plus two bar areas
  • Spacious dining layout designed for a restaurant setup

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Garden Center Big Box & Wholesale Store Kitchen & Bath Showroom Building Supply Daycare 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.

Lease Details

1
Residential units
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

61
Businesses Nearby
9k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 100%
Marathon Petroleum Shops & Services
4,203 visits/mo 0.4 miles
Dollar General Shops & Services
3,834 visits/mo 0.4 miles
Tri-County Bank Shops & Services
1,071 visits/mo 0.2 miles

Demographics for 48466, MI

1,514
Population
679
Households
2.2
Avg Household Size
43
Median Age
13%
College-Educated
88%
High-School Grad
36.9 sq mi
ZIP Area
41
Density / Sq Mi
$55,430
Median Household Income
$43,182
Median Earnings
$747
Median Rent
$135,800
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Restaurant space with a fully equipped kitchen and an upstairs 3–4 bedroom apartment for added flexibility.
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 SF versatile commercial space in the heart of Peck; Fully equipped commercial kitchen plus two bar areas; Spacious dining layout designed for a restaurant setup
More about this property
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