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    Lake Nepessing Rd Lapeer, MI 48446

    Sponsored
    For Sale
    $55,000

    5.81 Acres, C-2 Zoning, $55,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 5.81-acre commercial development site, located at 0 Lake Nepessing Road in Elba Township, Lapeer County, Michigan (48446), presents a unique investment opportunity. The property, identified by APN 008-011-001-00, is zoned C-2 Commercial, allowing for a variety of potential uses. The expansive lot offers significant development potential for businesses seeking a prominent location in a growing area. While the property includes approximately 1.5 acres of wetlands, the remaining acreage provides ample space for construction. Access to an existing community septic field is a significant advantage, simplifying infrastructure development. The asking price for this strategically located parcel is $55,000. This land is ideal for office or retail development, offering excellent visibility and accessibility. Serious inquiries are encouraged to explore the possibilities of this valuable commercial property. The property's coordinates are 43.03840589141297 latitude and -83.36181611065045 longitude.

    Property Features for 0 Lake Nepessing Rd

    General Information

    Property type
    Land
    Lot Size
    253,084 SF

    HighLights

    • 5.81‑acre commercial development site in Elba Township, Lapeer County, MI.
    • APN 008‑011‑001‑00, C‑2 Commercial zoning.
    • $55,000 asking price.
    • Significant development potential; approximately 4.31 acres developable after accounting for wetlands.
    • Access to existing community septic system.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lapeer
    County
    Lapeer
    State
    Michigan
    Longitude
    -83.36181611065
    Latitude
    43.038405891413

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    FAQs

    What type of property is this?
    Land - 5.81 Acres, C-2 Zoning, $55,000
    Where is this land located?
    The property is located at Lake Nepessing Rd Lapeer, MI.
    What is the asking price?
    The asking price for this property is $55,000.
    What are key features of this property?
    This property features: 5.81-acre commercial development site in Elba Township, Lapeer County, MI.; APN 008-011-001-00, C-2 Commercial zoning.; $55,000 asking price.
    Request Owner's contact information
    Lake Nepessing 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
    Lake Nepessing Rd Lapeer, MI 48446
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