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331 Demille Rd Lapeer, MI 48446

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For Sale
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Prime Lapeer land, light industrial zoning, utilities available.

Property Features for 331 Demille Rd

General Information

Property type
Land
Lot Size
234,353 SF

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Listing Contact
Marvin Petrous
Marvin Petrous

Listing Agency: Signature Associates Listing Agent: Marvin Petrous

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

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 Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

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 Call to check price and availability
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