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    5238-5242 Lapeer Rd Burton, MI 48509

    Sponsored
    For Lease
    $8 SF/Yr ($20,000 /Mo)

    High-traffic retail center, multiple suites available.

    Lot size:
    30,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional single-story retail property in Burton, Michigan, offers 30,000 square feet of versatile space, ideal for a variety of businesses. Located at 5238-5242 Lapeer Rd, near the cross street of South Gennessee Street, this center boasts excellent visibility and accessibility, situated conveniently near I-69 and I-475, approximately 60 miles northwest of Detroit. The building, renovated in 2015, comprises nine individual suites, with a minimum divisible space of 4,330 square feet and a maximum contiguous space of 10,245 square feet. Currently, there are seven available suites ranging from 731 to 10,425 square feet, totaling 14,575 square feet of vacant space. This thriving neighborhood center benefits from strong anchor tenants, including a Dollar General and Bushwackers Barbershop, ensuring high foot traffic and a robust customer base. The property's strategic location and established tenant mix present a compelling opportunity for businesses seeking a prime retail location in a bustling community. The property's single-story design and ample parking provide convenient access for both customers and employees. This is a rare opportunity to secure retail space in a high-demand area. The zip code is 48509.

    Property Features for 5238-5242 Lapeer Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    30,000 SF
    Total Rate
    20000

    Building Details

    Year Renovated
    2015
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Available Suite 2
    Size
    4,330 SF
    Rate per SF
    $10
    Space
    Available Space 3
    Size
    731 SF
    Rate per SF
    $6,600
    Space
    Available Space 4
    Size
    930 SF
    Rate per SF
    $8
    Space
    Available Space 5
    Size
    961 SF
    Rate per SF
    $8
    Space
    Available Space 6
    Size
    1,056 SF
    Rate per SF
    $8
    Space
    Available Space 7
    Size
    1,302 SF
    Rate per SF
    $10
    Space
    Available Suite 1
    Size
    10,425 SF
    Rate per SF
    $8

    HighLights

    • Extensive parking available.
    • Tenant signage permitted.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Burton
    County
    Genesee
    State
    Michigan
    Longitude
    -83.6058703
    Latitude
    43.0101744

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    FAQs

    What type of property is this?
    Retail property - High-traffic retail center, multiple suites available.
    Where is this retail property located?
    The property is located at 5238-5242 Lapeer Rd Burton, MI.
    What is the lease rate?
    The lease rate is $8-$6,600 SF/Yr.
    What are key features of this property?
    This property features: Extensive parking available.; Tenant signage permitted.;
    Request Owner's contact information
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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
    5238-5242 Lapeer Rd Burton, MI 48509
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