Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    331 Demille Rd Lapeer, MI 48446

    Sponsored
    For Sale
    Contact for pricing

    Prime Lapeer land, light industrial zoning, utilities available.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional offering presents two parcels of commercially-zoned land in Lapeer, Michigan, ideal for various light industrial uses. Located at 331 Demille Rd, Lapeer County, MI 48446 (43.038116, -83.3085506), this property provides flexibility for developers and investors. Parcel B1 encompasses 5.378 acres, while Parcel B2 offers 6.778 acres. Both parcels are zoned for light industrial use and benefit from the availability of all necessary utilities. A unique feature of Parcel B1 is a long-term ground lease on a small southeastern portion, generating a current annual income of $18,000, subject to a 4% annual increase. This presents an attractive passive income stream alongside the potential for development on the remaining land. The parcels can be purchased individually, with each priced at $550,000, or acquired together for a combined price of $1,000,000, totaling 12.156 acres. This presents a compelling opportunity to capitalize on the growing industrial sector in Lapeer, Michigan. The property's strategic location and versatile zoning make it an attractive investment for businesses seeking expansion or new development opportunities.

    Property Features for 331 Demille Rd

    General Information

    Property type
    Land
    Lot Size
    234,353 SF

    HighLights

    • Two parcels available totaling 12.156 acres.
    • Parcel B1: 5.378 acres.
    • Parcel B2: 6.778 acres.
    • Light industrial zoning.
    • All utilities available.
    • Parcel B1 includes a long‑term ground lease (SE corner) generating $18,000 annually with 4% annual increases.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lapeer
    County
    Lapeer
    State
    Michigan
    Longitude
    -83.3085506
    Latitude
    43.038116

    Nearby Similar for Sale

    • $299,000
      7,764 SF

      Lapeer Commercial Property For Sale

      Versatile commercial property in Lapeer, MI, ideal for customization.
      1996 W Oregon St, Lapeer, MI 48446
      View Details
    • $249,900
      Pending

      Lapeer Office with Ample Land

      Office property on 4.4 acres suitable for various businesses.
      550 S Saginaw St, Lapeer, MI 48446
      View Details
    • New
      $599,000
      1,096 SF

      67-Acre Farm with Renovation Potential

      67-acre Lapeer farm with house, barn, stream, and woodlands.
      4476 Merwin Rd, Lapeer, MI 48446
      View Details
    • New
      $279,000
      Pending

      Lapeer Farmhouse with Heated Pole Barn

      Move-in ready farmhouse on 10 acres with heated pole barn.
      2581 Carpenter Rd, Lapeer, MI 48446
      View Details
    • $349,900
      2,565 SF

      Spacious Farmhouse in Lapeer, MI

      Five-bedroom, 3.5-bath home with outbuildings and guest quarters.
      417 E Oregon St, Lapeer, MI 48446
      View Details
    • $150,000
      2,600 SF

      Lapeer Commercial Building For Sale

      Two-story commercial building with potential for multiple uses.
      279 N Court St, Lapeer, MI 48446
      View Details
    • $198,000
      1,621 SF

      Lapeer Duplex: Investment Opportunity

      Fully rented duplex in Lapeer, MI, perfect for investors.
      220 W Park St, Lapeer, MI 48446
      View Details
    • $304,900
      1,298 SF

      New Construction Luxury Condominium

      Luxury condominium with open floor plan and modern features.
      1389 Luxington Dr, Lapeer, MI 48446
      View Details
    • $299,900
      1,289 SF

      New Construction Luxury Condo

      Move-in ready condo with modern features and low association fees.
      1421 Luxington Dr, Lapeer, MI 48446
      View Details
    • $304,900

      New Condominiums in Lapeer

      Luxury condominiums with low-maintenance living in a tranquil Lapeer setting.
      1389 Luxington Dr, Lapeer, MI 48446
      View Details
    • $299,900

      New Construction Luxury Condo

      Move-in ready condo with modern features and low association fees.
      1421 Luxington Dr, Lapeer, MI 48446
      View Details
    • $479,000

      Commercial Property with Two Buildings

      Two-building commercial property featuring retail, office, shop, and storage spaces.
      1830 N Lapeer Rd, Lapeer, MI 48446
      View Details

    FAQs

    What type of property is this?
    Land - Prime Lapeer land, light industrial zoning, utilities available.
    Where is this land located?
    The property is located at 331 Demille Rd Lapeer, MI.
    What are key features of this property?
    This property features: Two parcels available totaling 12.156 acres.; Parcel B1: 5.378 acres.; Parcel B2: 6.778 acres.
    (248) 359-0647
    Request Owner's contact information
    331 Demille Rd Lapeer, MI 48446
    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.
    331 Demille Rd
    Lapeer, MI 48446
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    331 Demille Rd Lapeer, MI 48446
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.