Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Lapeer Pointe Retail Space Available Title is generated by Realmo AI

    865 S Main St, Lapeer, MI 48446

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $5 SF/Yr $18,890/Mo (calc)

    Retail space for lease in Lapeer Pointe Shopping Center.

    Type:Retail
    Property size:
    45,337 SF
    Added:
    Nov 21, 2025
    Days on Market:
    180
    Last Refresh:
    Apr 6 at 12:13 am

    Property Features for 865 S Main St

    General Information

    Standard status
    Active
    Size
    45,337 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1988

    Spaces For Lease

    at 865 S Main St Contact us

    We can help!

    Listing Contact
    Harry Cohn
    Harry Cohn

    Listing agent Harry Cohn License #07986251

    Listing office SVN-Cohn Commercial Properties

    Listing date Nov 21, 2025

    Source Svn

    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 SVN-Cohn Commercial Properties

    HighLights

    • Premiere destination shopping center in Lapeer
    • Located in the heart of Lapeer
    • Anchored by Dunham’s Sports, Michaels, Marshalls, Pet Supplies Plus, and Dollar Tree
    • Recently renovated power center
    • 2,400 Sq. Ft available within 131,523 Sq. Ft center
    • Join established retailers Maurice’s and more

    Overview

    Located in the heart of Lapeer, Lapeer Pointe Shopping Center offers a retail space for lease. The shopping center has been recently renovated and is anchored by Marshall's, Michael's, Dunham's, Pet Supply's Plus, and Dollar Tree. The available space is 2,400 square feet within the 131,523 square foot shopping center.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lapeer
    County
    Lapeer
    State
    Michigan
    Longitude
    -83.32007
    Latitude
    43.043093

    Nearby Similar for Lease

    • $2,500/Mo
      1,100 SF

      Lapeer Commercial Building For Lease

      2,300 sq ft commercial building on high-traffic M-24.
      1947 N LAPEER Road, Lapeer, MI 48446
      View Details
    • $2,438/Mo
      19,344 SF

      Lapeer Retail Space For Rent

      4,500 SF retail space available in Lapeer, Michigan.
      2025 N Lapeer Road, Lapeer, MI 48446
      View Details
    • $5,050/Mo
      8,658 SF

      Lapeer Industrial/Commercial Space on M-21

      8,658 SF industrial/commercial space with loading docks on M-21.
      1462 Imlay City Road, Lapeer, MI 48446
      View Details
    • $14,081/Mo
      13,510 SF

      Medical/Office Space Leasing Opportunity

      Multi-tenant medical office property with flexible sizing in established healthcare corridor.
      1794 N Lapeer Rd Suite D, MayfieldTownship_Lapeer, MI 48446
      View Details
    • $5,050/Mo
      8,658 SF

      Lapeer Industrial/Commercial Space For Lease

      8,658 SF industrial/commercial space on M-21 available for lease.
      1462 Imlay City Rd, Lapeer, MI 48446
      View Details
    • $13 SF/Yr
      14,000 SF

      Prime Retail Space Available

      15,050 SF retail space with main road frontage.
      401 417 W Genesee St, Lapeer, MI
      View Details
    • Contact for pricing
      13,760 SF

      Industrial Property with Outdoor Storage

      Industrial space with cranes, air compressor, and outdoor storage.
      400 McCormick Drive, Lapeer, MI, 48446
      View Details
    • $21 SF/Yr
      5,908 SF

      Medical Office Space Near Hospital

      Office space conveniently located across from McLaren Lapeer Region Hospital.
      1200 Barry Dr, Lapeer, MI
      View Details
    • Contact for pricing

      Lapeer Commercial Property For Rent

      Commercial property available for rent in Lapeer, Michigan.
      3273 Davison Rd, Lapeer, MI 48446
      View Details
    • Contact for pricing

      Lapeer Commercial Property For Rent

      Commercial property available for rent in Lapeer, Michigan.
      417 W Genesee, Lapeer, MI 48446
      View Details
    • Contact for pricing

      Office Space For Lease

      Office space available for lease at 606 N Saginaw.
      606 N Saginaw St, Lapeer, MI 48446
      View Details

    FAQs

    What type of property is this?
    Strip mall - Retail space for lease in Lapeer Pointe Shopping Center.
    Where is this strip mall located?
    The property is located at 865 S Main St Lapeer, MI.
    What is the lease rate?
    The lease rate is $5 SF/Yr.
    What are key features of this property?
    This property features: Premiere destination shopping center in Lapeer; Located in the heart of Lapeer; Anchored by Dunham’s Sports, Michaels, Marshalls, Pet Supplies Plus, and Dollar Tree
    (248) 851-5000
    We can help!
    Listing Contact
    Harry Cohn
    Harry Cohn
    Real Estate License ID: 07986251
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    865 S Main St, Lapeer, MI 48446
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!