Auto Service Building with
For Sale
$2,200,000
3420 S Lapeer, Metamora, MI 48455
New 9,000 sq. ft auto service building plus 6,000 sq. ft showroom on a site with extensive road frontage.
Property Size15,000 SF
Lot Size11.00 Acres
Price / SF$146.67
Days on Market457
Property Features for 3420 S Lapeer
General Information
Standard status
Active
Size
15,000 SF
Lot size
11.00 Acres
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2024
Listing Agency:
@properties Christie's Int'l R E Rochester
Listed By:
Kyle T Matta · License #6501391152
(248) 505-2716
Source:
Vmrealestatemichigan
Added: Jul 21, 2025
Changed: Oct 1
Last Checked: Oct 19 at 6:43AM
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 @properties Christie's Int'l R E Rochester
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Investment Insights
Based on property information with market context.
This property offers a new 9,000 sq. ft auto service building and an additional 6,000 sq. ft showroom, designed to support flexible automotive operations. The site is described as an 11-acre parcel with room to accommodate a variety of business configurations, with the seller noting that splits may be possible.
The property is located off M-24 with over 500 feet of frontage, and it also provides additional 400+ feet of frontage off Pratt, offering multiple lines of approach. It is also described as minutes from I-69, supporting convenient access for customers and deliveries.
As presented, the combination of dedicated service space and a separate showroom provides a practical layout for businesses needing both vehicle service and on-site sales or display space.
The property is located off M-24 with over 500 feet of frontage, and it also provides additional 400+ feet of frontage off Pratt, offering multiple lines of approach. It is also described as minutes from I-69, supporting convenient access for customers and deliveries.
As presented, the combination of dedicated service space and a separate showroom provides a practical layout for businesses needing both vehicle service and on-site sales or display space.
Key Highlights
- 11‑acre site with 500+ ft frontage off M‑24 and an additional 400+ ft frontage off Pratt
- New 9,000 sq. ft auto service building
- 6,000 sq. ft showroom included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$103,446
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,068,920
$2.1M
Cap Rate 7%
$1,477,800
$1.5M
Cap Rate 9%
$1,149,400
$1.1M
Market Conditions
NOI Build-Up for 15,000 SF
Gross rent
$180.0K $12.00/SF
− Vacancy
−$32.2K −$2.15/SF
EGI
$147.8K $9.85/SF
− OpEx
−$44.3K −$2.96/SF
NOI
$103.4K $6.90/SF
Area
Lapeer County, MI
Vacancy
17.90%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,068,920
Cap Rate 7%
$1,477,800
Cap Rate 9%
$1,149,400
Alternative Uses
Best Use
Retail
$1.48M
$1.29M – $1.72M
NOI $103,446 @ 7.0% cap · market cap 4.70%
Second Best
Industrial
$1.21M
$1.06M – $1.42M
NOI $84,956 @ 7.0% cap · market cap 3.86%
Theoretical Best
Healthcare Medical
$2.46M
$2.15M – $2.87M
NOI $171,947 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
92
Businesses Nearby
17k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 70%
Dining 30%
Sunoco
Shops & Services
11,866 visits/mo
0.0 miles
BIGGBY COFFEE
Dining
4,169 visits/mo
0.1 miles
Hungry Howie's Pizza
Dining
978 visits/mo
0.2 miles
Demographics for 48455, MI
8,166
Population
3,218
Households
2.5
Avg Household Size
49
Median Age
33%
College-Educated
93%
High-School Grad
64.5 sq mi
ZIP Area
127
Density / Sq Mi
$97,060
Median Household Income
$52,512
Median Earnings
$1,202
Median Rent
$353,900
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Advantage Automotive Inc. — 3740 S Lapeer Rd, Metamora, MI 48455
- Victory Service Centers — 3549 s lapeer rd suite 1, metamora, mi 48455
- Newcombs Auto Service — 3420 S Lapeer Rd, Metamora, MI 48455
Frequently Asked Questions
What type of property is this?
Auto shop - New 9,000 sq. ft auto service building plus 6,000 sq. ft showroom on a site with extensive road frontage.
Where is this auto shop located?
The property is located at 3420 S Lapeer Metamora, MI.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 11‑acre site with 500+ ft frontage off M‑24 and an additional 400+ ft frontage off Pratt; New 9,000 sq. ft auto service building; 6,000 sq. ft showroom included
