Retail Building with Private
525 N Saginaw St Lapeer, MI 48446
525 N Saginaw St, Lapeer, MI, 48446
$310,000
For Sale
$310,000
Corner-lot retail building includes a 11-space private parking lot, rear loading access, and two restrooms.
Property Size3,000 SF
Price / SF$103.33
Days on Market51
Property Features for 525 N Saginaw St
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1940
Listing agency
M77 LLC
(248) 506-4158
Listed by
Justice Johnson
(248) 506-4158
Source
Elliman
Added: Jun 1 Updated: Jul 21 at 2:08PM Checked: Jul 21 at 2:08PM
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 M77 LLC
Investment Insights
Based on property information with market context.
This retail building sits on a busy corner lot and totals 3,000 square feet. The interior layout is described as adaptable, offering flexibility for a range of retail or service uses, and includes two restrooms.
A private parking lot with 11 spaces is provided on-site, and a shared driveway leads to a rear loading area for deliveries and operations. The property is positioned in Downtown Lapeer and is noted for convenient access.
Access and operations are supported by the combination of on-site parking and rear loading area connectivity, with the remaining space configured for tenant-specific buildout.
A private parking lot with 11 spaces is provided on-site, and a shared driveway leads to a rear loading area for deliveries and operations. The property is positioned in Downtown Lapeer and is noted for convenient access.
Access and operations are supported by the combination of on-site parking and rear loading area connectivity, with the remaining space configured for tenant-specific buildout.
Key Highlights
- 3,000 sq. ft. downtown Lapeer commercial building built in 1940
- Corner lot location with a private parking lot featuring 11 spaces
- Shared driveway provides access to a rear loading area for deliveries and operations
Local Financial Insights For Retail
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 | $36.0k | $12.00 |
| − Vacancy | −$6.4k | −$2.15 |
| EGI | $29.6k | $9.85 |
| − OpEx | −$8.9k | −$2.96 |
| NOI | $20.7k | $6.90 |
3,000 SF · lease $12.00/SF/yr · vacancy 17.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$295.6K
$258.6K – $344.8K
NOI $20,689 @ 7.0% cap · market cap 6.67%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$491.3K
$429.9K – $573.2K
NOI $34,389 @ 7.0% cap · market cap 11.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Corner-lot retail building includes a 11-space private parking lot, rear loading access, and two restrooms.
Where is this retail space located?
The property is located at 525 N Saginaw St Lapeer, MI.
What is the asking price?
The asking price for this property is $310,000.
What are key features of this property?
This property features: 3,000 sq. ft. downtown Lapeer commercial building built in 1940; Corner lot location with a private parking lot featuring 11 spaces; Shared driveway provides access to a rear loading area for deliveries and operations
