Freestanding Corner Retail
For Sale
$1,148,233
6026 Lapeer Road, Burton, MI 48509
C-2 commercial zoning, a drive-up window, and signalized-intersection access are in place.
Property Size8,456 SF
Lot Size1.70 Acres
Price / SF$135.79
Days on Market136
Property Features for 6026 Lapeer Road
General Information
Standard status
Active
Size
8,456 SF
Total Parking Spaces
90
Lot size
1.70 Acres
Property subtype
Retail
Zoning
C-2
Site & Location
Corner Location
Yes
Drive-Thru
Yes
Building Details
Year Built
1999
Buildings
1
Listing Agency:
CBRE | Detroit
Listed By:
David Long
(248) 351-2051
Source:
Cbre
Added: Jun 2
Changed: Oct 10
Last Checked: Oct 14 at 8:23PM
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 CBRE | Detroit
Investment Insights
Based on property information with market context.
This freestanding storefront property was constructed in 1999 and includes a drive-up window. The building occupies a corner parcel within a 1.7-acre site and is associated with C-2 Commercial zoning.
The property is positioned at a signalized intersection in Burton, Michigan, with street exposure from its corner setting. On-site parking includes 90 spaces, providing substantial customer and employee parking capacity for a range of retail configurations.
The property is positioned at a signalized intersection in Burton, Michigan, with street exposure from its corner setting. On-site parking includes 90 spaces, providing substantial customer and employee parking capacity for a range of retail configurations.
Key Highlights
- Freestanding storefront building constructed in 1999
- 1.7‑acre corner parcel
- 90 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,781
Cap Rate
7.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,755,620
$1.8M
Cap Rate 7%
$1,254,014
$1.3M
Cap Rate 9%
$975,344
$975.3K
Market Conditions
NOI Build-Up for 8,456 SF
Gross rent
$130.9K $15.48/SF
− Vacancy
−$5.5K −$0.65/SF
EGI
$125.4K $14.83/SF
− OpEx
−$37.6K −$4.45/SF
NOI
$87.8K $10.38/SF
Area
Genesee County, MI
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,755,620
Cap Rate 7%
$1,254,014
Cap Rate 9%
$975,344
Alternative Uses
Best Use
Retail
$1.25M
$1.10M – $1.46M
NOI $87,781 @ 7.0% cap · market cap 7.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.78M
$1.56M – $2.08M
NOI $124,556 @ 7.0% cap · market cap 10.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
146
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 48509, MI
9,568
Population
4,166
Households
2.3
Avg Household Size
44
Median Age
16%
College-Educated
91%
High-School Grad
8.8 sq mi
ZIP Area
1,087
Density / Sq Mi
$64,385
Median Household Income
$35,417
Median Earnings
$1,061
Median Rent
$127,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Storefront property - C-2 commercial zoning, a drive-up window, and signalized-intersection access are in place.
Where is this storefront property located?
The property is located at 6026 Lapeer Road Burton, MI.
What is the asking price?
The asking price for this property is $1,148,233.
What are key features of this property?
This property features: Freestanding storefront building constructed in 1999; 1.7‑acre corner parcel; 90 parking spaces
