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    2112 Demille Rd Lapeer, MI 48446

    Sponsored
    For Sale
    $895,000

    Prime Lapeer commercial land, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 8-acre vacant commercial land parcel presents a remarkable investment opportunity in Lapeer, Michigan. Located at 2112 Demille Rd, Lapeer, MI 48446, this property boasts a highly desirable location, situated northwest of the intersection of South Main Street (M-24) and Demille Road. Its strategic position offers unparalleled visibility and accessibility, placing it immediately west of a thriving regional shopping center. This established center is anchored by major retailers including The Home Depot, Kohl's, Kroger, and NCG Cinema. Further enhancing its appeal, Meijer and Applebee's are conveniently located just south of Demille Road. The property's infrastructure is well-suited for development, with sewer, water, and electric services readily available at the roadside. The asking price for this exceptional commercial land is $895,000. This presents a unique chance to capitalize on the strong retail presence and high traffic volume in this rapidly growing area. Serious inquiries are encouraged to explore the potential of this prime commercial real estate.

    Property Features for 2112 Demille Rd

    General Information

    Property type
    Land
    Lot Size
    348,480 SF

    HighLights

    • 8‑acre vacant commercial land parcel in Lapeer, MI.
    • Located at 2112 Demille Rd, Lapeer, MI 48446, near M‑24 and Demille Rd.
    • High visibility and accessibility, adjacent to a regional shopping center anchored by Home Depot, Kohl's, Kroger, and NCG Cinema.
    • Meijer and Applebee's nearby.
    • Utilities (sewer, water, electric) available at the roadside.
    • Asking price: $895,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lapeer
    County
    Lapeer
    State
    Michigan
    Longitude
    -83.3306833
    Latitude
    43.0453202

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    FAQs

    What type of property is this?
    Land - Prime Lapeer commercial land, ideal for development.
    Where is this land located?
    The property is located at 2112 Demille Rd Lapeer, MI.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: 8-acre vacant commercial land parcel in Lapeer, MI.; Located at 2112 Demille Rd, Lapeer, MI 48446, near M-24 and Demille Rd.; High visibility and accessibility, adjacent to a regional shopping center anchored by Home Depot, Kohl's, Kroger, and NCG Cinema.
    (248) 488-2620
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    2112 Demille Rd Lapeer, MI 48446
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    Lapeer, MI 48446
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    Realmo Value Estimation

    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.

    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.

    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
    2112 Demille Rd Lapeer, MI 48446
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