1643 Imlay City Rd Lapeer, MI 48446-3177
- Retail space
- 9,600 SF
- 4.60 lot acres
Current Use by Public Records
- Retail space
Property Details for 1643 Imlay City Rd
- Lot size
- 4.60 lot acres
- Property size
- 9,600 SF
- Zone code
- C-3
- Property type
- Retail space
- APN
- 012-003-033-00
- APU
- 1200303300
Description
This exceptional 9,600-square-foot executive office building, situated on a generous 4.6-acre lot in Lapeer, Michigan, presents a compelling investment opportunity. Built in 1996 and expanded in 2014, the property boasts a total of 9,600 square feet of well-maintained office space. The building sits on land zoned C-1, allowing for significant expansion potential—up to an additional 70,400 square feet of development. The existing structure features a water well and septic system, along with a natural gas heating system and a new roof installed in 2016. A property survey is readily available. The current tenant, a subsidiary of a major corporation with 11 other Michigan locations, has occupied the building for 25 years, demonstrating strong tenant stability. The annual rent is currently $90,000, with a scheduled increase to $95,000 within three years. Real estate taxes for 2023 totaled $10,661.33, and building insurance was $2,200, both covered by the landlord. This property offers a rare combination of existing income, substantial expansion possibilities, and a long-term, reliable tenant. The asking price is $895,000. Located at 1643 Imlay City Rd, Lapeer, MI 48446.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lapeer
- County
- Lapeer
- State
- Michigan
- Longitude
- -83.2795
- Latitude
- 43.045
- CBSA code
- 19820
- CBSA name
- DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
